Does your business need expert financial management but can't justify the cost of a full-time internal CFO?
With the end of the financial year approaching quickly, its the right time book a free Tax Planning Strategy session.
Uncover the 9 Tax Planning Strategies To Help You Pay Less Tax
Owing large sums of money to anyone, let alone the tax office, is stressful. But the truth is that the situation is more common than you think.
Most business owners don’t have a cash flow issue…they have a profit issue.
To ensure the Coronavirus has minimal effect on the Australian economy, the Government has announced a $17.6 billion stimulus package to help support business investment and keep Australians in jobs.
Leading up to the end of the financial year, now is the ideal time to implement as many tax saving strategies as you possibly can. By planning ahead, your business can avoid any nasty surprises, plus if you do have any additional tax to pay, you will have plenty of time to start preparing for the cash flow impact this.
By now you have probably read many of the outcomes of the 2018-19 Federal Budget. However, you may still be wondering how exactly these outcomes are going to affect you as a small business owner? Below, we summarise some of the relevant key announcements and provide our own ‘lucent insight’ into what it all means for your business. Personal Income
If your work Christmas party is offsite but not a minor benefit (that is greater than $300 per person) there is a risk that there may be FBT payable on the benefit provided to employees or their associates. Where FBT is payable, the party expenses are tax deductible and GST credit is claimable. There won’t be any FBT for clients
To help you get things right, the ATO has listed these behaviours, characteristics and tax issues as the ‘red flags’ attracting their attention. tax or economic performance is not comparable to similar businesses low transparency of your tax affairs large, one-off or unusual transactions, including transfer or shifting of wealth a history of aggressive tax planning tax outcomes inconsistent with the