Instant asset write-off
In last month’s article about working from home, mention was made of the small business instant asset write-off. However this was written before the Federal…
Small Business Entity Framework
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Single touch payroll rollout for smaller employers
A major change in the way employers report the tax and super information for their employees to the ATO has been on the way for…
Single touch payroll employers to send payment summaries to myGov
From 1 July this year employers with 20 or more employees will report to the ATO in real time from their payroll software. The changeover to…
When refinancing, loan interest can be deductible to a partnership
A general law partnership is formed when two or more people (and up to, but no more than, 20 people) go into business together. Partnerships are…
Start-up businesses: Which is the right structure for you?
Start up businesses need to make one important decision from the outset – what type of business set-up will suit your enterprise best? And which…
The “I hadn’t thought of that” business essential: Succession planning
From about five years ago, the baby boomer generation started to turn 65. A surge in Australian business owners retiring began, and continues, but the…