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...

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...

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...

… previously on tax life … Sam was getting business matters under control and starting to think through the long term. A financial plan was coming together including getting insurances sorted out, estate planning, building superannuation for future retirement and long-term succession planning for the business.

The Tribunal has confirmed 75% shortfall penalties on a company and its sole director for not lodging returns in the 2005 income year...

… previously on tax life … Sam had got the new business off the ground and been through the ups and downs of winning orders and then weathering a quiet patch in the business cycle. It was time for some long-term personal and financial planning. Retirement?

previously on tax life … Sam had been successful in her bid to win the big order but that was now a couple of months ago and times were a lot leaner now.

At the time of writing, there is continuing concern about the Eurozone debacle and the effect this may have on the banking system internationally...

It’s the classic excuse for a delayed payment from one of your customers: The cheque is in the post!

Question: Can you direct me to where I might find more information on the definition of "drawings"? Answer: This is…

Question: Can a super fund invest in CFDs? If so, what is the value of the threshold? Answer: Contracts for…

Question: Our Company has four directors, two of whom do not receive wages or allowances. However, one of these directors...

Question: I live 100 km from work and rent a second place three days a week which is closer. If…

A draft bill was released in August giving better protection for seniors taking on reverse mortgage loans and capping the…

The Chinese Government has significantly tightened monetary policy this year leaving China’s private sector, state–owned business sector, iron ore traders, massive low–income housing scheme and railways all short of cash. If China hits the brakes too hard, will it damage Australia’s exports of coal and iron ore with flow-on effects to the mining sector’s investment ...

A case before the Tribunal was been ruled against the Tax Office finding that the taxpayer did in-fact conduct a share-trading business during the 2008 financial year ... despite the taxpayer having a full-time position as a CEO, not selling many shares in that year, not having a ...