Author Archives: RDL Blog Administrator

Selling the Backyard? Check the Tax Implications First!

With real estate prices booming, and the supply of land in inner-suburban suburbs falling well short of demand, there have been instances where homeowners have sliced off a portion of the house block for a bit of extra cash, only … Continue reading

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Time is Ticking for the $20,000 Immediate Write-Off

The $20,000 immediate write-off was introduced in the May 2015 budget, to give “small” businesses an immediate tax deduction on the purchase of most assets (eg cars, equipment, etc) where the cost of each item is below the $20,000 threshold. … Continue reading

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ATO to visit small businesses

Some people would think that a visit from the ATO would be about as enticing as root canal.  Nonetheless, the ATO has announced that it plans to make contact with small businesses to discuss its range of digital services.  The … Continue reading

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Will you be SuperStream compliant by 28th October?

SuperStream is a government reform that has been in the implementation stage for some time.  The intention is to require employers to use electronic means to report and pay super, doing away with forms and cheque payments, and creating efficiencies.  … Continue reading

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Public Ancillary Fund Reporting simplified

ACNC registered public ancillary funds don’t have to lodge public ancillary fund returns to the ATO anymore. The ATO will get the information it wants from the ACNC annual information statement.  This starts from the 2016 AIS.  Any outstanding Ancillary … Continue reading

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Is your business structure still the right fit?

Many business owners don’t realise that the business has outgrown its structure until something comes up – and this something is usually something negative. Are your assets at risk? Legal action by employees, customers and suppliers as well as divorce … Continue reading

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Finding and keeping great staff

It’s a question I constantly hear from business owners. Some business owners constantly face this dilemma, while others do not. Those faced with the issue desperately want to know how to get and keep great staff. I have found finding … Continue reading

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Are You a Sprinter?

Who could ever forget Usain Bolt’s record-setting run in the final of the Men’s 100m at the 2012 London Olympics? Bolt ran the race of his life in a time of 9.63 seconds, setting a new Olympic record for that … Continue reading

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Seeking professional advice when starting a business

From 1 July 2015, the professional expenses associated with starting a new business, such as legal and accounting fees, are deductible in the year those expenses are incurred rather than deducted over a five-year period as was the case in … Continue reading

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Fake CEO Fraud

Got an email from the CEO requesting urgent payment of an invoice (or something similar)? Don’t rush in to get the job done, because you might just be participating in a clever new social engineering hack. In other words, that … Continue reading

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