Are you an employer that is registered for GST? You may be entitled to a GST credit when you make a payment to an employee to compensate for expenses they...
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Latest Business Insights
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...
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The digital age is evolving, which means that technology such as laptops, tablets and mobile phones can be carried everywhere. Common items your employees use in their everyday life. As...
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This article considers the impact on depreciation and GST when purchasing a motor vehicle for your business. As a business owner you may be thinking of purchasing a motor vehicle...
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From 1 July 2018, Australians aged 65 years of age or older are able to make a $300,000 “downsizer contribution” into their superannuation fund, per person, from the sale proceeds...
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It is common for legal practitioners to seek reimbursement for costs, in addition to the charge for services. However, the GST treatment of such reimbursements depends on the nature of...
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The Commissioner of Taxation recently released a taxation ruling, TR 2018/3, which provides guidance on reporting profits derived and losses incurred from long-term construction contracts. While the understandings are not...
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Advantages of starting up a business Advantages of starting your own small or medium business can include: - Being your own boss - You can make your own decisions, keep your...
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The ATO has released a public taxation ruling covering the ATO’s views on the deductibility of expenditure incurred in acquiring, developing, maintaining or modifying a website for use in the...
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'UPE' (or 'unpaid present entitlement') arises where a trust makes a beneficiary entitled to an amount of the trust's income (and therefore the beneficiary may have to pay tax on...
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Buying a Business: Your essential guide.
We've created this valuable 10 step checklist to guide you through the initial stages of assessing a potential business opportunity
Designed to be thought-provoking, it helps you identify issues and opportunities in a business while covering essential operational and performance considerations, all backed by our business advisor insights.
With our business advice, you’ll have the support and knowledge you need to make informed decisions, maximise success and drive your enterprise forward.
