The Budget is a pre-election budget for the people with everyone getting a little something to ease cost of living pressures. Like the Price is Right gameshow, it will all come down to the price paid at the checkout.
The ATO is cracking down on business owners who take money or use company resources for themselves.
The great wealth transfer from the baby boomer generation has begun and home ownership is the catalyst.
It’s important that generational succession is managed as closely and diligently as if you were selling your business to a stranger to avoid misunderstandings and disputes.
The ATO has made a call to professional accountants to help identify and manage illegal early access to superannuation by members of self-managed superannuation funds (SMSFs).
“If you could kick the person in the pants responsible for most of your trouble, you wouldn't sit for a month.” Former US President, Theodore Roosevelt
Non-charitable not-for-profit (NFP) organisations holding an active Australian Business Number (ABN) will soon be required to lodge an annual NFP return to self-assess their income tax exemption status. This lodgement requirement will commence from the 2023–24 income year with a due date of 31 October 2024.
“Experience is one thing you can’t get for nothing.” Oscar Wilde
A new issues paper from Treasury’s Competition Review questions whether non-competes and other restraints are limiting job opportunities and movement.
For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. But what is your business really worth and what sets a high value business apart?
The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax.
The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected to be the cost of living and the economic shift to net zero.