State rates: Stamp duty calculators Stamp duties vary from state to state, but also from year to year. To make your job just that little bit easier we have compiled a handy reference table including each state and territory revenue…
Proposed “Single Touch Payroll” to cut red tape for employers The Minister for Small Business Bruce Billson and the Assistant Treasurer Josh Frydenbergrecently announced a government initiative they promise will cut red tape for employers by simplifying tax and superannuation…
The recent bushfires across much of the country are a reminder that as well as the more obvious immediate devastation inflicted on people’s property, these destructive events can also mean loss of income for many affected people — not only…
Over time, or due to circumstances, the composition of a partnership can change – for example, a partner may retire or die, or a new partner is admitted. In many such situations, the existing partnership may need to be dissolved…
When you have to deal with a natural disaster The recent bushfires across much of the country are a reminder that as well as the more obvious immediate devastation inflicted on people’s property, these destructive events can also mean loss…
Income averaging: Who is eligible, how it works Australian tax legislation recognises that certain taxpayers, due to the nature of their work, can make inconsistent levels of income from year to year. In light of this, there is a concessionary…
Negative gearing – how it works and pros and cons Taking out a loan to raise money for an investment is a well-used tactic for many Australians. In fact, borrowing to buy big ticket items is part of financial reality…
What does a higher FBT mean for your business? Small business owners should write in their diaries that from April 1, 2015, the rate of fringe benefits tax (FBT) will increase from 47% to 49%. It is planned to return…
What does a higher FBT mean for your business? Small business owners should write in their diaries that from April 1, 2015, the rate of fringe benefits tax (FBT) will increase from 47% to 49%. It is planned to return…
Regulatory Roundup – December 2014 PayPal chases small business finance market PayPal has launched its “Working Capital” loan product, which allows small businesses to access cash loans through their PayPal account. The company has about 110,000 merchants using its payments…