Protecting Your Small Business
Owning and operating a small business is hard work. The last thing you need is to lose it all because of poor insurance choices. Do your homework First you need to work out what needs to be covered. There are…
Owning and operating a small business is hard work. The last thing you need is to lose it all because of poor insurance choices. Do your homework First you need to work out what needs to be covered. There are…
Finances can make or break your business, so it’s vital to keep them in check. Here are some tips. Don’t Lose Out Take advantage of recent tax and regulatory changes, such as: the $20,000 instant asset write-off threshold, which applies…
As a general proposition, for income tax purposes, interest income on a bank account is assessable to the account holders in proportion to their beneficial ownership of the money in the account. The ATO will assume, unless there is evidence…
The ATO has issued a reminder that the government has changed the way fringe benefits will be treated for the calculation of several tax offsets from 1 July 2017. The meaning of 'adjusted fringe benefits total' (which is used to…
In a recent case, the Federal Court has agreed with the ATO that 'ride-sourcing' (such as that provided using Uber) is 'taxi travel' within the meaning of the GST law. The ATO has advised people who are taking up ride-sourcing…