Does your business need an ABN?
It’s not mandatory for a business to have an Australian business number (ABN), but there are a few good reasons why you should. Foremost among…
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Read MoreDoes your business need an ABN?
Get your “personal service income” affairs in order for 2016
It is not uncommon for professional people who provide services to set up a separate entity to run their business, be it a trust, partnership…
Rental properties: ATO focus on “initial repairs”
The ATO is focusing on claims that investment property owners make for repairs to rental residences that it deems to in fact be “improvements”. The…
Employers: Beware “left-field” FBT liabilities
It is generally understood that for fringe benefits tax (FBT) to apply, the benefits paid are usually in respect of an employment relationship. Where some…
Going from sole trader to company
Whether you’ve been in business for years or you’re just starting out, choosing the right structure for your business is important. It is a consideration…
Client Newsletter – March 2016
Employers: Beware “left-field” FBT liabilities It is generally understood that for fringe benefits tax (FBT) to apply, the benefits paid are usually in respect of…
Regulatory Roundup – March 2016
Automatic cancelling of the ABNs of inactive trusts From February onwards, the registrar of the Australian Business Register will begin cancelling the Australian business numbers…
Fly-in, fly-out? No more zone tax offset
In the 2015-16 federal budget, the government announced that it will exclude “fly-in-fly-out” and “drive-in-drive-out” workers from claiming the zone tax offset (ZTO) where their…
Understanding limited recourse borrowing arrangements
A self-managed superannuation fund (SMSF), generally speaking, is not able to borrow to acquire assets. The rationale is that superannuation is meant to be a…