Best Practices in Tax Planning for Business Leaders
Here are some guidelines to help business leaders manage their tax affairs in conjunction with their Accountants. Effective tax planning helps minimise tax liability, ensure compliance, ...
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Non-compete clauses and worker restraints under review
A new issues paper from Treasury’s Competition Review questions whether non-competes and other restraints are limiting job opportunities and movement. A recent Australian Bureau of ...
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Budget 2024-25
The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected to be the cost ...
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The assault on professional services
The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax. Two new cases before the Administrative ...
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Warning on SMSF asset valuations
The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. ATO data analysis has revealed that over 16,500 self managed superannuation ...
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How much is my business worth?
For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. But what ...
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5 Ways to Get the Most from Goal-Setting (and Goal Achievement)
Most leaders acknowledge the value of setting goals and measuring their progress. But many of those same leaders complain of not setting the ‘right’ goals ...
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Getting back what you put in: Loans to get a business started
It’s not uncommon for business owners to pour their money into a business to get it up and running and to sustain it until it ...
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Revised stage 3 tax cuts confirmed for 1 July
The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024. Before the new tax rates come into ...
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How to take advantage of the 1 July super cap increase
From 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage of the change. The amount ...
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The ATO Debt Dilemma
Late last year, thousands of taxpayers and their agents were advised by the Australian Taxation Office (ATO) that they had an outstanding historical tax debt. ...
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The Fringe Benefit Tax traps
The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention. Electric vehicles causing sparks ...
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