fbt
Tax & Super Newsletter Budget Edition May 2015
June 2015In this issue:The 2015-16 Federal BudgetBudget measures affecting Individuals and FamiliesThe ‘Small Business’ package of Budget measuresBudget measures affecting Large Businesses The 2015-16 Federal Budget The 2015-16 Federal Budget was handed down on 12 May 2015.The intention...
Tax & Super Newsletter June 2015
June 2015In this issue:Nil activity statements must be lodged GST – avoiding common errors Court finds individual contractors to be employees Good record keeping for small businesses Time to sell?Nil activity statements must be lodged If you have Activity Statements to lodge, even if...
Tax & Super Newsletter April 2015
May 2015In this issue:Beware scam emailsATO website update for Director Penalty Regime Work-related Expenses – ATO focusDo not let yourself disappear – ATO’s (anti) fraud videoSuperannuation guarantee rateSuper contribution capsAre you paying super fund fees unnecessarily? Correcting...
Tax & Super Newsletter December 2014
December 2014In this issue:What does a higher FBT mean for your businessYour holiday house and family arrangementsWhat is negative gearing? Christmas year-end tax checklist for business What does a higher FBT mean for your business? Small business owners should write in their...
Business Purchase Tax Checklist
October 2011In the process of buying a business, the purchaser should conduct a due diligence review to establish that they are buying what they believe they are buying. The review identifies areas of risk and contingent liabilities that the business may have and to factor these risks in the purchase price.When...
Issues with Family Trusts
October 2011Family trusts can be a very tax effective way of managing wealth, and a useful part of an overall strategy for wealth accumulation and asset protection. What is a family trust? The term family trust refers to a discretionary trust set up to hold a family's assets or to conduct a family business. Generally,...
Budget 2011 – Small Business Tax Changes
May 2011This article contains a summary of the key tax changes in the 2011 budget that impact on small businesses. As always, there are winners and losers. A small business for tax purposes is defined to have a turnover of less than $2 million GST exclusive. Immediate deduction for asset purchases Small business...
Christmas Gifts – The New Rules
May 2009With Christmas almost upon us, many employers will be shopping for Christmas gifts for their employees, clients and other special people.At this point it is important to consider the new rules relating to the minor fringe benefit exemption which can save employers $000’s. These rules now allow an...
