Small Business

1 April, 2019

ATO Benchmarks – A Handy Business Check-Up

The ATO’s business benchmark data is a useful tool for smart business owners. Learn how you can access these benchmarks to judge your business’ performance against industry standards, identify your […]
18 March, 2019

Are You Declaring Personal Use Of Business Trading Stock?

Have you ever taken home an item of your business’ trading stock for your own personal use, or use by your family members? This is common in many businesses such […]
26 February, 2019

Government Extends The Instant Asset Write-Off

The extension of the instant asset write-off for a further year is great news for small businesses who may be planning to purchase assets for use in their business in […]
18 February, 2019

Greater Flexibility For Accessing Company Losses

The government plans to give companies greater access to prior year tax losses in a bid to stimulate business innovation. A new alternative to the “same business test” – the […]
13 January, 2019

PAYG Withholding: New Penalties For Non-Compliance

Combating the black economy has been a key priority of the government in recent years. To reduce business activity that takes place “under the radar” of the tax system, new […]
14 December, 2018

Government Tenders And Tax Compliance

Do you run a business that would like to bid on Commonwealth government contracts or is likely to do so in the future? From 1 July 2019, the government is […]
1 December, 2018

Bitcoin: Personal Investors

There has been plenty of press coverage on bitcoin, but what are the tax consequences if you decide to join the craze? Here we examine the tax effects if you […]
19 November, 2018

Deemed Dividends: Changes Are Coming

If you own a private company, deemed dividend payments or Div 7A may be familiar to you. In short, it is designed to ensure that income is not inappropriately sheltered […]
19 September, 2018

Cash Payments Limit Coming Soon

As a part of the crackdown on black economy, the Government is planning to introduce an economy-wide cash payment limit of $10,000. Any payments made to businesses for goods and […]
18 September, 2018

Small Business Tax Concessions

You may have heard all about the small business tax concessions, but do you know how you qualify for them and whether you’re making the most of the tax concessions […]