Private Businesses

The best ‘problem’ in the world is to have earned so much income that you must pay tax 1st July 2017

There are many ways to make a dollar, but most people do not realise that not every dollar is equal under our tax system. ...

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Timing is everything. In financial services, there could not be a saying that is more true 1st June 2017

If you are an individual taxpayer and are not having your affairs handled by a Registered Tax Agent as part of his lodgement program with the ATO, your tax return is due in October. ...

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GST Updates Affecting Private Clients and Private Business Owners 23rd May 2017

From 1 July 2018, purchasers of newly constructed residential properties or new subdivisions will be required to remit the GST directly to the ATO as part of the settlement. ...

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Australian Federal Budget Review - May 2017 9th May 2017

This year Australians get no dramatic changes to the tax laws but the Turnbull government has done a lot of tidying up. The most prolific changes are to personal taxes, but some important announcements that affect businesses and investors, especially foreign investors, were also made. ...

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Effective Fringe Benefits Tax Strategies 3rd May 2017

As a result of legislative changes that have occurred over the last four to five FBT years, the taxable value of fringe benefits has been increasing year upon year. This is particularly with respect to car fringe benefits calculated under the statutory formula method....

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Understand debt myths 1st May 2017

Let’s face it, have you ever felt great about owing something to someone? The answer is no. So the saying rightly goes “Debt: Fun to acquire, painful to retire”....

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CGT Small Business Retirement Exemption 21st April 2017

Small businesses can access a range of tax concessions, including payment and reporting options. These concessions can apply to small business sole traders, partnerships, companies or trusts.The four capital gains tax (CGT) concessions can be invaluable, allowing you to reduce or even remove CGT costs for some business transactions that result in capital gains....

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Understand debt elimination 1st April 2017

Most people don’t. Debt is a killer: either it gets you or you eliminate it from your life! Hence the saying, “Kill or be killed”....

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Current tax initiatives 16th March 2017

This month, we are continuing our work on assisting clients who are having their property compulsorily acquired. Government bodies including Transport for NSW have increased their push to finalise their compulsory acquisition of both existing premises and leasehold interests, ...

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Capitalism is about CAPITAL 1st March 2017

Capitalism is about CAPITAL, you need some cash to play the game. It is not Debtism....

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