Filters:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
View Article
January 20, 2012
-
Andrew Lovett

Question:

Plan Succession - vendor due diligence to prepare for sale of business

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...
View Article
Plan Succession
View Article
January 20, 2012
-
Andrew Lovett

Question:

Default assessment letters

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...
View Article
Tax Insights
View Article
January 20, 2012
-
Andrew Lovett

Question:

Super guarantee age limit abolished

The current age limit for mandatory super guarantee contributions of 70 years will be abolished...
View Article
Superannuation
View Article
January 20, 2012
-
Andrew Lovett

Question:

Save Tax - incorporation

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%...
View Article
Save Tax
View Article
January 20, 2012
-
Andrew Lovett

Question:

Our banks: Dance of the drones

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...
View Article
Tax Insights
View Article
January 20, 2012
-
Andrew Lovett

Question:

Small business depreciation benefits: Conditional on mining and carbon taxes

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...
View Article
Business Insights
View Article
January 20, 2012
-
Andrew Lovett

Question:

Save Tax - wash sales

If you have listed company shares showing a book loss you can generate a capital loss by...
View Article
Save Tax
View Article
January 20, 2012
-
Andrew Lovett

Question:

Corporate tax high, GST low

Big accounting firm KPMG has released a world survey of corporate tax and indirect tax rates from around the world indicating...
View Article
Business Insights
Tax Insights
View Article
January 20, 2012
-
Andrew Lovett

Question:

International transfer pricing

Australian businesses that have international dealings with related parties will face significantly increased red tape...
View Article
International Business
View Article
January 20, 2012
-
Andrew Lovett

Question:

Save Tax - selling your business - trading stock

TRADING STOCK: If you sell your business you have to include as assessable income the market value of trading stock sold...
View Article
Save Tax
View Article
January 20, 2012
-
Andrew Lovett

Question:

Tax Office 2010-11 Annual Report

In 2011, the Tax Office made net cash collections of $273 billion - $20 billion higher then the 2010 Financial Year, but 4.5% below the budget forecast...
View Article
Tax Insights
View Article
January 20, 2012
-
Andrew Lovett

Question:

Federal Court wallops Tax Office on transfer pricing

Full-bench of the Federal Court refused a Tax Office appeal to apply transfer pricing adjustments in SNF (Australia) Pty Ltd ordering that the company’s objections be allowed in full...
View Article
Tax Insights
View Article
January 20, 2012
-
Andrew Lovett

Question:

Clark’s Case: Indemnity costs ordered against Tax Office

The Full Federal Court has ordered the Tax Office to pay the legal costs for Mr and Mrs Clark following the High Court refusing a Tax Office application to hear an appeal in this case...
View Article
Tax Insights
View Article
January 20, 2012
-
Andrew Lovett

Question:

Protect Assets - business real property

Your super fund can purchase your business premises at commercial valuation and charge a commercial rent to your operating entity...
View Article
Protect Assets
View Article
January 20, 2012
-
Andrew Lovett

Question:

Super guarantee rate increases to 12%

A Bill is before Parliament to progressively increase the super guarantee rate from 9% to 12% by July 2019...
View Article
Superannuation
View Article
January 20, 2012
-
Andrew Lovett

Question:

UK carbon tax closes Rio Tinto Smelter

Rio Tinto, the second largest mining and resources company in the world, announced the closure of the Lynemouth Aluminium Smelter in England because new UK carbon taxes have made it unprofitable...
View Article
International Business
View Article
January 20, 2012
-
Andrew Lovett

Question:

Entrepreneurs’ tax offset abolished

Micro businesses with turnover around $75,000 have been able to claim a 25% tax offset over recent years. The Government has moved to abolish this offset and...
View Article
Business Insights
View Article
January 20, 2012
-
Andrew Lovett

Question:

Government mini-budget

The Razor Gang is out – tax changes proposed. The 2011/12 Mid-Year Economic and Fiscal Outlook (MYEFO) has been issued by the Government...
View Article
Tax Insights

One idea, could help you save tax – let’s get creative.

Consulting Accountants  .  Taxation Specialists  . Business Improvement