If you are a sole trader or a partner in a small business that has made a loss, please read the following carefully. Small business owners can only claim losses... read more →
Australian businesses with an annual turnover of more than $75,000 must be registered for GST. Charging an extra 10 per cent on top of services sounds simple, yet a number... read more →
The Australian Tax Office (ATO) has simplified the way fuel tax credits are recorded and calculated for businesses that claim less than $10,000 in fuel tax credits each year. Businesses... read more →
Businesses wishing to use environmental claims in their marketing strategy need to make sure their claims are honest, accurate and can be substantiated. Many customers will use environmental claims as... read more →
For those who operate their business through a company or a trust, there may be times when you need to provide a personal guarantee. A personal guarantee is a written... read more →
While interest rates remain at historically low levels in many parts of the world, including Australia, thousands of mortgage holders have enjoyed lower repayments; but interest rate movements mean... read more →
A client who runs his own engineering business came to see me last week. Barry was in a bit of a state. He told me it had suddenly dawned on... read more →
Over my years helping many business owners as an accounting professional I have been involved with many business owners. At year end or first time client meetings one of the... read more →
The ATO has announced that one of its compliance focuses for the upcoming year will be GST compliance. The program will involve a combination of compliance and education to help... read more →
Are you considering winding down your business? There are many reasons that business owners may decide to exit their business, but in every case there are tax and superannuation considerations... read more →