The Australian Taxation Office (ATO) has been concerned for some time about how many professional services firms are structured – specifically, professional practices such as lawyers, architects
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Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when
Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn to immediately deduct the cost of…
Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then…
On Sunday 13 September 2020, the Victorian Government has announced a new support package of $3 billion, in “cash grants, tax relief and cashflow support delivered to Victorian Businesses.”Read the…
A number of the states of Australia have announced a range of tax measures to provide relief to businesses in response to COVID-19. These include payroll tax relief, interest free…
As a small business owner, it is important you are aware of the CGT concessions available to you when you sell your business. These concessions can be generous and result…
When buying a business, across any industry, you will come across these terms “Leasehold” and “Freehold Going Concern”. This article looks at what is a Leasehold and what is a…
Download your free checklist for purchasing a business here! Download Here! We have created this checklist to assist in the initial review of assessing a business. The checklist is designed…
You may be eligible to change your GST accounting method from accruals to cash, therefore not being required to pay GST on debtors. If your small business entity has an…
