While some sectors of the economy is suffering, others are booming, if you’re lucky enough to have a small business in a rapidly growing sector, you may be considering a change from a relatively simple sole trader business structure
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As the pandemic drags on, there may be many unintended consequences for businesses in relation to benefits that you provide in addition to salary and wages, namely FBT. While exemptions and concessions may be available to reduce or eliminate the amount of FBT
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You’ve heard the expression ‘Don’t put all of your eggs in one basket’. This is as true to your investments as it is for eggs. Including different investment classes to a portfolio reduces risk through diversification.
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With the ultimate distraction of the pandemic, many businesses around Australia may not be aware that they will be required to lodge a Taxable Payments Annual Report (TPAR) for the first time this year
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Businesses on the JobKeeper take note, there has been recent changes which extend the eligibility of the program so that more of your employees may be eligible. Employee eligibility has been changed to 1 July 2020
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When it comes to lodging your individual tax return, it’s important to note the distinction between taxable income and assessable income. In broad terms, taxable income = assessable income – allowable deductions.
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For many of us, our super will play a vital part in our financial lifecycle journey—helping us with our move (over time) from financial dependence to independence, in terms of wealth accumulation and income-generation.
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The COVID-19 pandemic has presented some of the toughest challenges to businesses and the economy in recent memory. No surprises then that the superannuation industry has also been heavily impacted
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While many businesses are focusing on meeting ever changing health regulations as well as the health of their customers and staff. The tax side of things shouldn’t be neglected
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