Let’s get clear about GST
One of the key decisions to be made when starting a new business is whether you should, or should not, register for GST. In this article I’ll be discussing some the issues you’ll need to consider very carefully.
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Two or more income sources? Beware a potential Tax Trap!
Taxpayers with two more income sources in a given financial year (simultaneously, or at separate times) need to beware of a possible tax trap caused by the tax-free threshold. This article outlines how the tax trap arises and what you can do to avoid it this financial year.
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Payroll Tax – When does it apply in my business?
Business owners are often unaware of what Payroll Tax is and when the obligations for payroll tax arise. Our blog article here examines the details of Payroll Tax – minus the technical jargon, so you, the business owner, are absolutely clear on how Payroll Tax affects you and your business.
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Building a new home? Is it exempt from CGT?
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.
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8 Reasons to switch to cloud accounting
As 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.
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Workcover – What are my obligations?
Quite 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.
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Considering a change of structure for your small business?
The 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.
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New Minimum Wage Effective 1 July 2016
As 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.
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Death benefits nominations for your SMSF
A 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.
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