Business registration changes, director ID
The Modernising Business Registers program is well and truly under way, with Australian Securities and Investments Commission (ASIC) Registry employees already sharing office space and…
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5 tax tips for navigating the small business CGT concessions
1 AFFILIATESRemember your spouse and children’s birthdays…and that they are no longer automatically your affiliates. Whether a person is an “affiliate” is relevant in numerous small…
Client Newsletter – May 2021
EOFY tips for your tax plan The financial year is almost over, but there are still effective strategies you may be able to put in…
Managing your superannuation transfer balance account
Most people think of retirement as a time to put your feet up and relax, but it can also be a time when pre-retirees and…
Real estate, CGT and timing
When you sell or otherwise dispose of real estate, the time of the event (when you make a capital gain or loss) is usually when…
Partnership refinancing deduct
A general law partnership is formed when two or more people (and up to, but no more than, 20 people) go into business together. Partnerships are…
New insolvency reforms to support small business
The Australian Government has made changes to the ATO’s insolvency framework to help more small businesses restructure and survive the economic impact of COVID-19. The…
JobKeeper voluntary repayment
The ATO has stated that eligible businesses that received JobKeeper payments do not need to repay those amounts. However, some businesses may choose to voluntarily…
Money not counted as income
It is possible to receive amounts that are not expected by the ATO to be included as income in your tax return. Although some of…