The ATO has updated its guidance on business valuations. Here’s what you need to know to avoid tax penalties
Whether you’re preparing for succession, planning a restructure, or thinking about selling, the ATO will have questions about the value of your business.
Small business owners can save thousands on tax thanks to these changes to law
The strategy involves deferring declaring income in your personal name, quarantining it in a company environment, and then declaring income after the tax rates become more beneficial for individuals in 2024.
The ATO has put professional business owners on notice. Here’s what you need to know
The Australian Taxation Office has issued its new approach to professional firm profits, but what does the new guideline mean for business owners?
Have your staff been working from home? Here are your EOFY obligations
The shift to working from home means there are several challenges that an employer now has to overcome, both managerial-wise and with professional tax obligations.
Explained: How to prepay expenses this financial year to benefit your business
If you had a profitable year this financial year, but think that next year will not be as profitable, it is worth considering paying for next year’s expenses prior to June 30, 2022.
Doggy daycare, Ugg boots and Tim Tams: The six things you can’t claim this tax time
CPA Australia is trying to help Aussies stay on the ATO’s good side, with resident tax expert Elinor Kasapidis sharing the six deductions that won’t get past the tax office this time around.
Three areas of focus for business owners and advisors this EOFY
This update will cover three key areas of business to keep a closer eye on, and how they might influence your plans as we head into the busy end of financial year period.
Five tips for business owners to avoid a tax headache these Christmas holidays
Many employers are looking to bring a little bit of cheer to their employees this Christmas. But the evil Grinch that is taxation can spoil the party for employers who are not aware and not prepared.
“It was tough times, it really was”: The super Chartered Accountant who helped save a billion-dollar industry from ruin
More than 3,000 growers were in crisis — until a fellow Chartered Accountant named Trudi Ballantyne stepped in with an innovative solution.
ATO sounds warning over “untrustworthy” insolvency advisors, as more SMEs consider selling or closing
The ATO is warning businesses and their tax advisors to watch out for operators offering “untrustworthy” pre-insolvency advice.
Running your business from home? There’s a tax trap you need to know about
Are you considering giving up your leased commercial business premises to instead run your business from home? If so, there could be important CGT implications down the track.
EOFY 2020: Tax tips for SMEs and sole traders
The end of financial Year is approaching and there's plenty of changes to understand in 2020. Here are key EOFY tips for SMEs and sole traders to help you stay on top of your affairs.
