Today, buying low and selling high is not just for those in the top-end of town. In fact, over the last 10 years local and international share markets have become easy for anyone to get involved with. So much so that there is now a whole wave of Aussies who...
Category: Tax
The Benefits of Business Advisors: Take Your Business to the Next Level
As a business owner you most likely created your business, and have a vision for it that requires your attention nearly all of the time. So, unless under that top you are wearing you have an outfit that has a large ‘S’ on the front and a red cape on...
Have a family trust? You could be affected by a new ATO ruling
The Australian Tax Office (ATO) have just released four tax rulings that will stop commonly used trust distributions to family members. It’s one of the most significant developments for the taxation of trusts in over two decades.The key impact from these ATO rulings on your trust are:The ability to spread...
What is Single Touch Payroll? New updates for 2022
While the thought of doing more reporting to the ATO might seem rather annoying, Single Touch Payroll - introduced by the Australian government in 2018 to encourage small businesses to be more compliant in the way they report superannuation or PAYG instalments to employees - is a good initiative in...
Claiming Your GST Credits: Don’t leave money on the table
You’ve probably heard of GST before – it stands for goods and services tax and is added to nearly everything you buy in Australia. If you purchase goods and services for your business, the price paid is generally inclusive of goods and services tax (GST). Businesses are eligible to claim ‘GST credits’...