August 2016 Newsletter

          Current as of September 2016 [vc_row][vc_column width=”/3″] ATO CRACKDOWNS You may have read in the media lately about ATO crackdowns. Our article covers some of the things that the ATO will be targeting over the next 12 months. USING ONLINE ACCOUNTING SOFTWARE TO HELP YOU RUN YOUR BUSINESS BETTER If you are still doing your … Read More

May 2016 Newsletter

          Current as of May 2016 [vc_row][vc_column width=”2/3″] BUDGET MEASURES FOR SMALL BUSINESSES The Federal Budget was handed down on 3 May. A few days later, the Prime Minister confirmed that we would be heading to a 2 July election, leaving us with a caretaker government until then. In short, this leaves a high degree of … Read More

Budget measures for small businesses

Current as of May 2016   The Federal Budget was handed down on 3 May. A few days later, the Prime Minister confirmed that we would be heading to a 2 July election, leaving us with a caretaker government until then. In short, this leaves a high degree of uncertainty surrounding the implementation of measures announced in the Budget. With … Read More

CGT concessions available to small businesses

Current as of December 2014   On 21 September 1999 the tax office brought in measures to assist the small business community and effectively provide concessions on the amount of Capital Gains Tax (CGT) payable on the sale of a business. There are four main concessions available which we will discuss below. To access any of these concessions there are … Read More

Impact of mining tax repeal on small businesses

Current as of September 2014 The key election promise to repeal the mining tax has finally passed through the Senate, and received Royal Assent on 5 September. Unfortunately the repeal bill included backdating the abolition of some key business tax concessions: The company loss carry-back provisions, which allowed a use of current year tax losses in order to get a … Read More