Private Businesses

The small business $20,000 instant asset write-off extended! 26th February 2018

The small business write-off threshold of $20,000 has been extended to 30 June 2018 and is available to all small businesses with an aggregated turnover of less than $10 million. After 30 June this year, the threshold will reduce to $1,000....

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Insights into better people performance 8th December 2017

All business owners will tell you that the absolute key to their business is people. But Jim Collins, the best selling author of ‘Good to Great’ made the distinction that it is not your people but the ‘right people’ that drive performance in the business....

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Protect yourself; no-one else can do it for you 7th December 2017

We all know how much more litigious our society is becoming . . . and we’ve all heard horror stories of how some unexpected business risk appeared from left field and totally destroyed someone. “It was never meant to happen.”...

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Kelly+Partners Taxwise: Private Businesses News - November Edition 6th December 2017

In the November 2017 edition of Taxwise Private Businesses News, we look at the latest topics and insights affecting Private Businesses....

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Get a scoreboard - what is not measured cannot be managed 1st December 2017

When we live our day-to-day lives with such focus and precision the results are truly amazing. What is not measured cannot be managed....

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Get structured - best not to build on a foundation of sand 1st December 2017

The whole area of structuring is full of opportunities that are seldom effectively utilised. What do we mean by structuring? ...

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Get less tax - there are numerous ways to pay less tax 1st November 2017

There are numerous ways to pay less tax. As the quote above indicates, even people as wealthy as the late Kerry Packer are keen to find ways to minimise tax....

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Get an exit plan now - start as you intend to finish 1st October 2017

Many self-employed business owners will rely on the sale of their businesses to fund their retirement. In many instances they have no (or very limited superannuation) at the time of sale....

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When it comes to tax, most people rip themselves off 1st September 2017

When it comes to tax most people rip themselves off. It is not the system, rather it is the lack of sophisticated engagement with the system that costs taxpayers money....

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If there is one thing that you are sure to be asked about as an accountant, it will be “What can be claimed back from the taxman?” 1st August 2017

The most important place to start with a discussion of tax deductions is the basics of how they work....

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