Category Archives: Accounting Information

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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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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Can you afford to sell your business?

A ‘Business Value Gap’ is the difference between the value of your business today and what you need it to be at time of sale. A shortfall can have a significant impact on your retirement plans and may force you … Continue reading

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Moving overseas? Don’t forget the ATO

New laws commencing from 1st July 2017, will require those who are living abroad, and who have Higher Education Loan Program (HELP) or Trade Support Loans (TSL) debts to make repayments based on their worldwide income. This is a change … Continue reading

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Capital Gains Tax and property – the sleeping giant

From time to time we get questions relating to Capital Gains Tax (CGT) and property. Here is an example of a common situation: I bought my house in 2008 and expected to move in straight away, but there were tenants in … Continue reading

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Investing in a low rate environment

“Lower for longer” has been a common theme running through interest rate markets for the past few years. So how should investors be positioning their portfolios in this environment? Official interest rates in the US have been at zero for … Continue reading

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Survey provides a snapshot of Not-For-Profits

The Institute of Community Directors recently released its findings from a survey of 845 not-for-profit organisations. The survey was designed to obtain insights into financial management within the sector including funding, banking, risk management and governance. The full report is … Continue reading

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On the ATO’s radar: Trusts distributing to tax exempt beneficiaries

The Australian Taxation Office has advised of its intention to conduct a review to assess whether trusts are compliant with the anti-avoidance rules when distributing trust income to tax exempt beneficiaries. These rules aim at preventing trustees from using tax-exempt bodies to … Continue reading

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