SMSF asset valuations and the contribution caps
Asset valuations and the contribution caps are both contentious issues, with many SMSFs failing to regularly update their asset valuations and some auditors turning a…
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Read MoreSMSF asset valuations and the contribution caps
Interest deductibility after income-producing activity ceases
An issue that sometimes arises for business owners is whether interest expenses incurred on borrowed funds used in a business remain deductible after the business’s…
2-minute quiz
Business deductions: How well do you know your business deductions? Try these questions to find out! QUESTION 1 A company’s financial accounts show the following…
How testamentary trusts work
A testamentary trust works in tandem with a will, and is similar to a discretionary trust, with the major difference being it only takes effect…
Franchising and tax
The Australian Competition & Consumer Commission (ACCC) is the government body responsible for enforcing the Franchising Code of Conduct, and if you or someone you…
Company directors: Do you REALLY know your responsibilities?
As though business owners and principals don’t already have enough on their minds, discussion about the ups and downs of the business environment is being…
Regulatory Roundup – May 2018
Taxing digital products and low value goods to change When the GST Act and Regulations were drafted in 1999, e-commerce was in its infancy –…
Duties and taxes when you buy online from overseas
Items that you buy over the internet from an overseas source are generally required to abide by the same rules and screening processes that apply…
Tax invoice essentials
The status of the humble invoice took on immense significance in the year 2000 when the goods and services tax (GST) was introduced. It was…