Blogs & Resources
30 May 2015
The $20,000 depreciation deduction effective from 7.30pm (AEST) 12 May 2015
As a part of the budget the Government has announced that all small businesses, with a turnover of less than $2,000,000 is able to write off an asset purcha…
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14 May 2015
Budget Measure will allow small business a greater ability to minimise their taxes and protect their assets.
The new budget measure announced by the government - CGT roll-over relief for changes to entity structure which will come into effect on 1 July 2016 will gi…
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13 May 2015
2015/16 Budget
Expanding accelerated depreciation for small business
Tax cuts for small business
Immediate deduction for professional expenses on commencing a new …
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12 May 2015
Critical Measurement for running your business? Break Even Point
The Break Even Point is a crucial measurement for business and is often over looked.
Your Break Even Point is essentially:
1. Th…
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11 May 2015
Family Trusts can be very effective for Tax Planning and Asset Protection.
Although there are two areas that trustees must consider:
1. Having trustee resolutions concerning allocation / entitlement of trust income…
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9 May 2015
What is tax planning?
Generally speaking tax planning is when a tax payer (whether it is an individual; trust; company; partnership or superannuation fund) organises its / their affa…
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8 May 2015
Tax Planning Guide – What are the main things to consider for tax planning?
1. Reducing assessable income.
2. Increasing your deductions or tax offsets.
3. Diverting Income.
…
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4 May 2015
May 2015 - Taxation Update
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
1. ATO data matching programs.
2. …
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2 May 2015
How to purchase a business
From the perspective of a Company Pty Ltd, there are two different methods of purchasing a business, these are:
1. Purchasing the shares of…
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23 April 2015
What is an R & D Feedstock Adjustment?
This is the amount an R & D entity includes in their assessable income.
It is for R & D entities that produce either:
1. Marketabl…
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19 April 2015
When does a Pre Capital Gains Tax (CGT) asset lose its status?
A Pre CGT asset losses its tax free status generally when the ownership of the asset alters.
Division 149 of Income Tax Assessment Act 1997 contains the rule…
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12 April 2015
Pay NO Tax. 0% tax for the average Australian.
It is now possible for the average to achieve a tax free environment while living in Australia.
If you are receiving a self funded pension this will generall…
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7 April 2015
Research and Development (R & D) Tax Incentive $100,000,000 threshold change.
The new threshold for R & D tax incentive claimants has changed to $100,000,000. That is notional deductions can only be included in the calculation u…
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6 April 2015
What is a Pre Capital Gains Tax (CGT) Asset?
A Pre CGT asset is an asset that generally will not be subject to Capital Gains Tax (CGT).According to Section 149 – 10 of Income Tax Assessment Act 1997 …
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3 April 2015
Understanding your business performance and financial position
once read that the 2 major complaints that clients have with their accountants are:
1. Lack of convenient car parking.
&nbs…
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1 April 2015
How do you calculate your Break Even Margin?
Break Even for a business is the point of zero profit and loss, i.e., where the revenue equals the costs.
Another way of thinking of your Break Even point is…
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