ASIC targets growing companies in Audit crackdown
ASIC is in the midst of a concerted campaign targeting private companies that have outgrown the reporting exemptions.
ASIC targets growing companies in Audit crackdown Read More »
Business
Main Residence Exemption Removed for Non-Residents
The Federal Budget announced that non-residents will no longer be able to access the main residence exemption for Capital Gains Tax (CGT) purposes from 9 May 2017 (Budget night). Now that the draft legislation has been released, more details are available about how this exclusion will work.
Main Residence Exemption Removed for Non-Residents Read More »
GST on imports: new rules for goods under $1,000
Last month, Parliament passed legislation that will see GST applied to all consumer imports regardless of their value. Currently, imports below $1,000 are excluded from GST.
GST on imports: new rules for goods under $1,000 Read More »
Generational succession: Do your kids really want to take over your business?
Generational succession – handing your business across to your kids or family – sounds simple enough. But, many families end up in dispute right at the point when the parents, business, and children are most vulnerable. It’s important that generational succession is managed as closely and diligently as if you were selling your business to a stranger to avoid misunderstandings and disputes – you need to make sure that everyone understands what the transition will mean and everyone is aware of their role and responsibilities.
Generational succession: Do your kids really want to take over your business? Read More »
What did I miss? 1 July changes.
The tax changes apply from July 1, 2017.
What did I miss? 1 July changes. Read More »
Why 90,000 more businesses can access the 20k instant asset write off this year.
The popular $20,000 instant asset write-off for small business ends on 30 June 2017. This concession enables small businesses to immediately write-off depreciable assets which cost less than $20,000.
Why 90,000 more businesses can access the 20k instant asset write off this year. Read More »
State tax warning for family trusts
Recent changes to State laws may trigger a surprise tax bill for family trusts (discretionary trusts).
State tax warning for family trusts Read More »
Managing the debt drain – the critical issues for small business
February and March are traditionally the worst cashflow months for small business – the Christmas rush is over, the Business Activity Statement is due, and payments slow down with a dip in consumer spending. You might be ok but your customers could be under pressure and often whoever wields the most influence gets paid first.
Managing the debt drain – the critical issues for small business Read More »
Pride & Prejudice: Top four predictions for 2017
The global economy is picking up and Australia is about to secure the global record for the longest period a country has gone without a recession. But with the focus on the political environment, there is an uneasiness in the market and with uneasiness comes a reticence to take risks.
Pride & Prejudice: Top four predictions for 2017 Read More »
