We can talk about the budget soon… Digital disruption is and will continue to have a much larger affect on your business life and personal life! If you are in business you should be on the look out for how it will affect your business and how you can take up...
A SME is a Small or Medium Enterprise (business)! The CAPITAL GAINS TAX concessions on selling a business or business asset for an SME owner are compelling! They include: – The 50% general CGT Discount for owning an...
Yes! You or your business can indeed enter into a payment arrangement with the ATO to pay after the due date and/or pay by instalments over a period of time. During this period you will be charged interest though if you stick to your payment plan you have a good...
It is mid March 2015 and many businesses, trusts and individuals have not lodged their tax returns for the year ended 30 June 2014 – which is more than 8 months since the financial year ended! The good news is that this is legal and that the deadline is 15 May...
Related party loans to SMSF’s have been a hot topic over the last few years with the ATO expressing differing and often confusing views. Recent ATO releases confirm that the ATO will consider non-arms length related party loans would be taxed at the top marginal...
