Watch out for common BAS errors that will impact your business
Most errors on activity statements are unintentional, however some errors can have a big impact on your Business Activity Statement (BAS). Unintentional errors may [...]
Looking to sell your business, make sure you have a plan in place
How to tell if you are ready to sell your business Selling your business is not just about financials, it can often feel like you [...]
Looking to buy a business, what should you consider
How to tell if you are ready to buy a business Before you make the jump to business owner make sure you are ready for [...]
Make sure your estate is not left in shambles and ensure your wishes are carried out by planning ahead.
An estate plan will ensure your wishes are carried out when you pass away. It can also assist if you become unable to make [...]
Superannuation Stapling – what you need to know as an employer
What is Superannuation Stapling? Superannuation Stapling was announced in the 2020/21 Federal budget and came into effect from 1 November 20201. Under this measure, existing [...]
FBT Entertainment – Christmas parties are not deductible
It is common across many industries to take both existing clients and potential clients out for meals to build on their business relationship, with costs often [...]
Director Identification number are here – what do you need to do next!
As of 2nd November 2021 the ATO confirmed the implementation of new requirements for Directors regarding the director identification number has come into effect. What [...]
Did Your Super Fund Pass The Test?
Following a response to a recent Productivity Commission report into superannuation, the Australian Prudential Regulation Authority (APRA) recently released the first results of it’s annual [...]
SMSF – Corporate Trustee vs Individual Trustee
All members of an SMSF are required to be either trustees personally, or alternatively directors of a company which becomes a corporate trustee. Ensuring all [...]
Private Company Benefits – Division 7A – when it rises, how payments are dealt with and common mistakes.
In 1998 Division 7A was introduced as an anti-avoidance clause to prevent individuals taking money out of companies in a tax-free manner. Caution needs to [...]