When building a new home, is it CGT exempt? There is a concession in the CGT rules that can allow a taxpayer to treat a property as their “main residence” even though it does not yet have a habitable dwelling. Read on to learn more about this.
DetailsAs a small business owner you know that bookkeeping is a necessary evil. When done inefficiently, it saps time and energy from the core revenue-generating functions of your business. If your business hasn’t already adopted cloud accounting technology, then here are 8 compelling reasons to make the switch now.
DetailsQuite often our clients approach us with questions pertaining to their obligations for WorkCover. Our blog article here examines the important details of Workcover – minus the technical jargon – so you, the business owner, are absolutely clear on how WorkCover insurance affects you and your business.
DetailsThe final tranche of 2015 small business budget announcements have made it into law, now expanding the tax relief available for small businesses to change the legal structure of their business.
DetailsAs most businesses will be aware, from the first pay period commencing on or after 1 July 2016, the national minimum wage will increase to $672.60 per week, or $17.70 per hour. We discuss what this means for you as an employer.
DetailsA death benefit nomination is a written direction to SMSF trustees that instructs the trustee to pay a member’s entitlements to certain dependants and/or legal personal representatives (their estate) in the proportions the member wishes in the event of their death.
DetailsCash is king, so the saying goes, and any business person will tell you this saying is as true today as ever. Managing it is like a high-wire balancing act.
DetailsIt is not uncommon for professional people who provide services to set up a separate entity to run their business, be it a trust, partnership or incorporated company.
DetailsThe ATO is focusing on claims that investment property owners make for repairs to residences that it deems to in fact be ‘improvements’.
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