Have you restructured your business recently or are you looking at restructuring in the near future?
Normally, when you sell a business, you would have to pay income tax because your business has sold or transferred its assets.
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With high property prices in many capital cities, it’s becoming increasingly popular for people who are lucky enough to own a large block to subdivide it and either sell off the surplus land or even build another house on it and then sell.
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Whether you’re planning to buy your first home or investment property, or just want to upgrade to a larger dwelling, then it’s essential to maximise your borrowing capacity by fully considering all your income sources.
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We understand drought can put extra pressure on people and businesses. That’s why we’re making tax easier while times are tough.
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If you’re a small business with employees, it’s important to understand the rules about paying them superannuation.
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The most common reason Australians switch to a self-managed super fund is for the flexibility and control over how their super is invested.
For many, this can mean a venture into property investment, specific shares or a risk-averse term deposit. But there are a number of more unusual ways you can diversify your SMSF…
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Many young people wonder how they will ever save such a large deposit for a home while still paying rent, and the “smashed avocado” theory of becoming frugal and not eating out does not change the fact that with average house prices of over $1,000,000 it has never been more difficult to get a foot on the property ladder.
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The two people running the economy have very different views read on to understand how the treasurer’s view differs from the RBA governor’s.
Tax time often comes at a busy time for small business and fills owners with dread. Read the top tips from the ATO here from their small business newsroom and then give us a call we are waiting to help!
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It’s the time of year when many Aussies are daydreaming of escaping to a tropical island to avoid the winter chill, especially after the cold snap over the weekend. But travel can be expensive, especially during the school holidays…
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