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- business
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- retirement
- tax planning
- cash flow management
- finance
- succession planning
- tax implications
- business profitability
- business tax changes
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- federal budget
- individual tax changes
- motor vehicle
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- property tax
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Make the most of transitioning to retirement — Important for people 55 and over.
As of July 1 2014, there have been some changes to the concessional superannuation contributions cap, which is welcome news to the over 55's. The higher...
Bad debts for tax purposes
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 debt,...
7 Things you need to know about Self Managed Super Funds
1. What is a Self Managed Super Fund? A self-managed super fund (SMSF) is a superannuation fund with a maximum of four members who act as the fund's trustees...
Growing your business (Part 7)
The seventh strategy in this business growth series is about “margin”. In the previous articles of this series we have covered: Increasing Customers and...
Avoiding the usual GST errors
It is common for businesses to make GST errors in their BAS. The majority of these mistakes are unintentional. The ATO recently reviewed all of the BAS...
Government freezes superannuation guarantee
The government has announced that it will freeze the superannuation guarantee at 9.5% until 2021. Under previous plans, the super contributions paid by...
SMSF - Using dividend franking credits
By investing in fully franked Australian shares, SMSF (Self Managed Superannuation Fund) trustees can significantly reduce the amount of tax payable by their...
Claiming personal technology as a tax deduction
As personal technology devices such as laptops, smartphones and tablets, are becoming increasingly prevalent, the ATO will be focusing its attention on...
Growing your business (Part 6)
The sixth strategy in this business growth series is all about “margin”. In the previous four articles of this series we have covered: Increasing Customers...
Building Industry — Taxable Payments Reporting
Once again it is year end and businesses in the building and construction industry need to report the total payments they make to each contractor for building...
Utes, Vans and Fringe Benefits Tax
Did you know that your Ute, or Van may be subject to Fringe Benefits Tax? Firstly what is Fringe Benefits Tax (“FBT”) FBT is a tax that is payable on certain...
Growing your business (Part 5)
The fifth strategy in business growth is about the ‘flow of your business’. In the previous four articles of this series we covered: Increasing Customers and...
Seminar to set up your business with Quickbooks
On the 6th of May I will be conducting a seminar with the Inner West Business Enterprise Centre to help setup businesses with Quickbooks Online. The seminar...
Tax Planning before 30 June 2014
It is important that you take the time to focus on tax planning and the tax issues that affect you before 30 June 2014 arrives. Significant tax and cashflow...
Growing your business (Part 4)
The fourth strategy is generally about the overall effectiveness of your business. In the previous 3 articles of this series we have covered: Increasing...
The ATO has an App!
The ATO has recently released an app to help individuals and small business owners. You can use the new ATO app to: determine if your worker is an employee or...
Estate planning for the future
As people get older they need to make arrangements on how to handle their estate, and their personal interests in the event of sickness or death. Contrary to...
Growing your business (Part 3)
You may recall we have already discussed the first two strategies to grow a business; ‘increase customers or clients’ and ‘increase the transaction...
We are on the move!
On Friday 28 February 2014 we will be moving approximately 400 metres north to Suite 4, 154 Fullarton Road, Rose Park. The 2013 year was an excellent year at...
Growing your business (part 2)
In the last article we looked at the strategy of finding new customers. The next strategy for increasing sales or income in your business is to increase the...
Paying for your insurance, should you use your superfund?
Most industry super funds offer members a basic level of personal insurance cover. Holding your insurance within super, rather than having stand alone...
Dependant tax offset changed
A new dependant tax offset allows individuals to claim an offset for invalids and carers. At the start of the 2012-13 financial year, the ATO made some...
What is 'Stronger Super'?
You have probably heard this term in the medial lately, therefore I have added this article to provide you with a background of what they are referring to....
Growing your business
You may recall in my last newsletter the concept of only needing to focus on ‘three’ areas to help grow a business and improve its profitability. Many...