Does your SMSF meet the sole purpose test?
If you have a self-managed super fund (SMSF), then you need to meet the sole purpose test to be eligible for the tax concessions that are ..
What to include in a business partnership agreement
Entering into a business partnership can come with conflicts and misunderstandings between you and your new associate. This is why having ..
What you need to know about investment bonds
Investment bonds are a practical investment option for those who earn a high income and seek long term tax efficiencies.
Investment bonds,..
Using technology to improve workplace safety
Ensuring the safety of employees in the workplace should be one of the top priorities for managers and business owners. This will not only..
CGT concessions for shares and trust interests
For taxpayers wishing to access the small business capital gains tax (CGT) concessions for shares in a company or interests in a trust, th..
Super when you’re self-employed
If you are a sole trader, or in a partnership, then you are not obligated to make super guarantee (SG) payments for yourself. However, you..
Introducing ASFP
Plans are underway to carry out a system change during the December closure of the ATO to introduce Activity statement financial processin..
Strategies to increase profit
Whether you are struggling to keep up a steady income or wanting to grow your business, increasing sales revenue is often a central goal f..
How to avoid non-paying clients
Running a business is hard enough without having to chase up payments from your customers. Here are some measures you can take to prevent ..
Proactive consolidation with ILBAs
Inactive low-balance accounts (ILBAs) are a new category account that needs to be reported and paid to the ATO. This was introduced in the..