The end of the FBT year is fast approaching, and it is a good time to reflect on your FBT plans for 2015-16. Fringe benefits are benefits that you provide... read more →
Managing your cashflow is crucial to running a successful business. Running out of liquid capital is one of the most common reasons that small businesses fail. Monitoring your cashflow and... read more →
The new year is always a great opportunity for business owners to consider their business resolutions and to take a step back and think about what they can do to... read more →
Working out travel and car related tax deductions can be an extremely complicated area of tax compliance. For individuals, car and travel related expenses can be one of the more... read more →
There are some capital gains tax (CGT) concessions available to small business owners that can be used to minimise tax liability when you dispose of assets. These CGT concessions can... read more →
The ATO is preparing to enter into the second phase of its dividend washing compliance program. Over 3000 individuals and entities have now received written correspondence requesting that they amend... read more →
It is an unfortunate fact of business life that sometimes you will not be paid in full for work you have done. When this happens you have incurred a bad... read more →
Recently appointed Taxation Commissioner, Chris Jordan, is striving to see the ATO reduce red tape for small business owners. The aims include: • Providing more targeted, accessible and reliable services... read more →
There are a number of CGT concessions available to small business that have incurred a capital gain from an active asset. It is permissible to claim as many of the... read more →
Ask yourself this, Why do you do what you do? We often get so wrapped up in our daily business tasks that we rarely stop to consider "Why do I... read more →