Articles
Contractor or employee?
Just because an agreement states that a worker is an independent contractor, this does not mean that they are a contractor for tax and superannuation ...
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Can my SMSF invest in property development?
Australians love property and the lure of a 15% preferential tax rate on income during the accumulation phase, and potentially no tax during retirement, is ...
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Stage 3 personal income tax cuts redesigned
The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the Federal Government. ...
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Engaging a Virtual or Fractional CFO
Not all businesses need (or can afford) a full-time head of finance. But, in addition to accurate and regular financial reporting, they need a strategic ...
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Self-education: What can you claim?
The Australian Taxation Office have released a new draft ruling on self-education expenses. We revisit the deductibility of self-education expenses and what you can and ...
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Thinking of subdividing? The tax implications and pitfalls of small-scale subdivisions
You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. ...
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ATO Rental Property Blitz
The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses. The ATO’s assessment, based on ...
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Small business Guide: The Basics for your end of financial year
The end of the financial year or EOFY, is a time where your business has to submit a tax return based on your income and ...
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Why XERO is changing the way you import documents into Hubdoc
As more countries around the world embrace open banking models, banks and online suppliers are realising the benefits of establishing APIs with technology providers like ...
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How to set up your Director ID
Directors are now required to register for a unique identification number that they will keep for life. What is a director ID? A director ID ...
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What happens to your superannuation when you die?
Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. When you die, it does not ...
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When is the Right Time to Sell Your Business
When is the right time to sell your business? We hear replies ranging from “I don’t plan to sell my business” to “I’d sell it ...
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