Income Tax cuts in Federal Budget Benefiting high income earners
In its efforts to boost the economy, the Federal Government is considering bringing the planned income tax cuts forward. The intention beh..
Amnesty means that 24,000 businesses own up to underpaying Aussies superannuation
An amnesty scheme which ended earlier this month has caused around 24,000 businesses to admit to underpayment of their worker’s super. A t..
What business structure suits your business?
An important decision to make before you start a business is what structure your business will run under. This will reflect into all facet..
Flexible workplace arrangements might be the way to go for businesses
Businesses working from home due to social distancing restrictions can take the opportunity to learn from the experience and consider new ..
Splitting your SMSF assets during divorce
Running an SMSF under regular circumstances comes with enough compliance obligations as it is. Adding divorce or separation into the equat..
Handling deductions for self-education expense
Individuals upskilling and educating themselves during these down times may be eligible to claim a deduction for their self-education expe..
Avoiding SMSF disputes
One of the benefits of SMSFs is the amount of control you have from managing it yourself. However, self-management can leave room for disp..
Division 7A and private loans
It is not uncommon for businesses to provide loans to shareholders or associates of a company. However, business owners should know the co..
The critical steps to a successful partnership
It is a tall order to ask for a business owner to manage everything alone, much less lead their business into success. This is why many su..
FBT exemption for emergency assistance
Businesses that provide benefits to employees during an emergency situation are likely to have assistance costs be exempt from fringe bene..