There can be some solid reasons to consider having the ownership of your business premises in the name of your self-managed superannuation fund (SMSF). To start with, if your business is travelling along steadily, it will provide a steady source…
There are tax tweaks built in to the super system that canny retirees can work to their advantage. While providing income for retirement is the obvious purpose of a pension paid from a self-managed superannuation fund (SMSF), a little strategic…
End of year Christmas celebrations are a chance to get everyone together for some fun as well as thanking the team for a job well done. Business owners may have the option to unlock the bar fridge for employees, but…
Why you need to think about estate planning They say there are two things that are certain in life – taxes and death. Daunting as the latter may be, it is vital to devise an estate plan. All it takes…
Business warned: Tax dos and don’ts Unsure of what may cause the Tax Office’s spider senses to tingle? Small and medium-sized enterprises (SMEs) can unravel the mysteries of the Tax Office’s compliance regime now that it has released detailed information…
Small business CGT concessions explained Capital gains tax (CGT) considerations for small businesses can emerge in regard to all manner of otherwise unremarkable events, including but not limited to the “CGT triggers” list below. Business owners should keep CGT in…
Start up businesses need to make one important decision from the outset – what type of business set-up will suit you best? You’ve got a choice of four basic business structures – sole trader, partnership, company or trust. Of course,…
Are you a contractor or an employee? Do you have control over the way a task is performed and do you work standard hours? Do you submit tax invoices for payment and do you file GST returns? In a time…
Novated leases & FBT – What you need to know The topic of novated leases often arises when a car is wrapped into a salary package as part of a salary sacrifice arrangement. What exactly is a novated lease and…