Goods for private use – July 2015
Taken stockfor private use? Here’s the values to use for 2014-15 The Tax Office issues guidance every year for business owners on the value it…
Taken stockfor private use? Here’s the values to use for 2014-15 The Tax Office issues guidance every year for business owners on the value it…
Your $20,000 immediate write-off questions answered In the recent Federal Budget, the government announced a series of measures to assist small businesses, with one of…
Here are some misconceptions about deductions that many tax payers commonly believe to be claimable, but are typically rejected by the Tax Office. While some…
While it might be a tough topic to broach, it is inevitable that someday you will leave your business. You can’t know whether you’ll sell…
The Tax Office may soon audit businesses at random Companies could be in line for random audits as soon as next year under advice being…
Introducing the Small Business and Family Enterprise Ombudsman The government this month introduced into Parliament a bill to establish an independent Australian Small Business and…
The Tax Office stipulates that a business must use “ordinary time earnings” to calculate the minimum compulsory superannuation guarantee contributions for employees. It says that…
End-of-year super planning To get your superannuation into its best tax position, for this year-end and into 2015-16 and beyond, consult your tax agent on…
Auditors play a crucial role in the compliance regime of self-managed superannuation funds (SMSFs). The legislation that governs the SMSF sector requires that accounts, statements…