by Davie Mach | Feb 21, 2020 | Small Business Handbook, Accounting, Accounting, Contractor Handbook, Tax Planning, Tax Planning
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....
by Davie Mach | Feb 16, 2020 | Small Business Handbook, Tax Planning
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...
by Davie Mach | Dec 28, 2019 | Small Business Handbook, Tax Planning
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...
by Davie Mach | Nov 17, 2019 | Small Business Handbook, Tax Planning
Last updated: 19 October 2020 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. Due to the COVID-19 pandemic, the government has also introduced...
by Davie Mach | Nov 1, 2019 | Small Business Handbook, Tax Planning
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...
by Davie Mach | Oct 10, 2019 | Small Business Handbook, Accounting, Business Structure, News, Startup, Tax Planning
Are you looking to buy or sell a business and not sure where to start? In this article, I’ll go through some of the fundamental concepts you should know about buying or selling a business so that it can get you off in the right direction. Introduction...