Family trust benefits can have significant positive impacts on your family finances. In the most recent study on trusts by RMIT University, it was reported that there were nearly 850,000 trusts during the 2015 – 16 financial year in Australia –...
So, you may have recently switched accountants, or you may have just started a new business venture. Perhaps you’ve just figured that you should start taking advantage of the fact that you have an accountant and you need to get your business affairs in order....
Understanding how to calculate capital gains tax is incredibly useful in all stages of owning an asset whether it’s looking to purchase and disposing an asset and figuring out how long you are looking to hold onto the asset for. This because capital gains tax...
Hearing all this chatter about negative gearing in Australia and want to know what the fuss is all about? Or perhaps you’re considering purchasing a property and trying to decide as to whether negative or positive gearing is suitable for you? This guide will...
Small business depreciation calculations have gotten a whole lot more simple thanks to the ATO’s simplified depreciation rules that took effect in May 2015. In this guide, we’ll explain to you exactly how you can take advantage of the new simplified...
Each year, there are possible FBT exemptions for business owners who decide to spend money on corporate gifts or organise a work Christmas party for their employees or clients (or accountants!). Also, there are implications on GST and tax deductions, if not managed...
