At the time of writing, there is continuing concern about the Eurozone debacle and the effect this may have on the banking system internationally. Will there be a global recession or worse? Will this bring China’s current insatiable appetite for our raw materials to a halt?read news read article read question view tips
Asking lots of good questions allows you to understand the current situation for the customer, work out whether she is an appropriate client, establish rapport and foster good communication…read news read article read question view tips
The Tax Office will commence issuing letters warning tax payers they will receive a default assessment for tax where not lodged their tax return by due date…read news read article read question view tips
A Bill is before Parliament to increase the immediate small business asset write-off from $1,000 to $6,500 in two steps. The first step to $5,000 is conditional on the Minerals Resource Rent Tax receiving Royal Assent and…read news read article read question view tips
Small businesses (turnover less then $2 million) will be able to claim an extra initial deduction of $5,000 for a car, truck, van, utility, motor bike or scooter when…read news read article read question view tips
Have a professional accountant undertake a vendor due diligence on your business as part of the early stages of preparing it for sale. Check the advantages…read news read article read question view tips
Trust taxation will change from July 2013 after a lengthy consultation process on new laws. A Consultation Paper on the Reform of Taxation of Trust was released in November and the Assistant Treasurer has set out the following tentative timetable for implementation…read news read article read question view tips
In a recent article for SmartCompany.com.au, Christopher Tipler illustrated current Australian bank behaviour as being like the “dance of the drones” where people place an over emphasis on process rather than outcomes…read news read article read question view tips
Big accounting firm KPMG has released a world survey of corporate tax and indirect tax rates from around the world indicating…read news read article read question view tips
If you own an asset or a business that is not likely to increase substantially in value, but is income producing, think about capping tax at 30%…read news read article read question view tips
The current age limit for mandatory super guarantee contributions of 70 years will be abolished…read news read article read question view tips
If you have listed company shares showing a book loss you can generate a capital loss by…read news read article read question view tips
Australian businesses that have international dealings with related parties will face significantly increased red tape…read news read article read question view tips
TRADING STOCK: If you sell your business you have to include as assessable income the market value of trading stock sold…read news read article read question view tips
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