Seller beware: ATO targets eBay sales More than 11,000 individuals and businesses who may be evading their tax obligations through various online selling websites such as eBay and Gumtree will be targeted by the ATO as a part of its…
The last thing on your mind when you first go into a business is the day you lock the door and walk away for the last time. But whether through selling up, retirement, or even due to health reasons, it’s…
Business owners of private companies often borrow money from their own companies for all sorts of reasons. However there is an area of the tax law that covers situations in which private companies dole out money to those within a…
Every so often, a person’s career will take them places — but not necessarily in an ‘upwardly mobile’ way. If earning a living means an employee needs to be away from their usual place of residence for an extended period,…
The fringe benefits tax (FBT) year has just ended and the FBT return lodgement deadline is now on the horizon. The ATO has taken the opportunity to remind employers that it is actively using data matching to identify potential FBT…
Changes to Superannuation Information sheet: ‘Changes to super for super funds, including self-managed super funds’ Published on 25 March 2013, this information sheet contains information to keep super funds, including SMSFs, up to date on new super announcements by the…
Government grants: The “other” lifeline to fund your business Many start-ups and established small business owners may be familiar with the experience of restrained finances. Two of the commonly considered options for raising funds are to apply for a loan…
The fringe benefits tax (FBT) year has just ended and the FBT return lodgement deadline is now on the horizon. The ATO has taken the opportunity to remind employers that it is actively using data matching to identify potential FBT…
Selling your business The last thing on your mind when you first go into a business is the day you lock the door and walk away for the last time. But whether through selling up, retirement, or even due to…
Take care when tapping the business’s money Business owners of private companies often borrow money from their own companies for all sorts of reasons. However there is an area of the tax law that covers situations in which private companies…