Blogs & Resources
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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26 March 2015
Changes to the treatment of Superannuation Lump sum withdrawal?
This recent articles discusses the possibility that members won’t be able to withdraw their balances as a lump sum. Rather they will be forced to re…
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25 March 2015
What is the difference between an accrual and a debtor and / or creditor?
These two terms are often interchanged, however, there is a distinct difference.
A debtor and / or creditor that is booked into the accounts will have…
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22 March 2015
What is the difference between an expense and a tax deduction?
The difference between an expense and a deduction is essentially that deductions are able to be claimed against your taxable income while expenses may or may no…
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21 March 2015
Income Tax Returns – different types of deductions available.
There are numerous and various types of deductions available to tax payers that may be claimed in their individual income tax returns.
Some of the categories…
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