If your company is an eligible base rate entity, there’s good news on your corporate tax cuts timeline scenario. And if you’re an unincorporated entity, you’re in for an increased income tax offset.Read More
Considering investing in an early stage investment company (ESIC)? Or maybe you’re a potential startup wondering about ESIC tax incentives. Either way, here’s a brief rundown on both ESIC tax incentives and the qualifications for ESIC eligibility itself.Read More
If you’re a medical practitioner or other sole trading professional, you’ll be probably be aware of the tax terms - Personal Service Income (PSI) and Personal Service Business (PSB). But are you fully up to speed with their often misunderstood rules and differences, and how they impact you?Read More
The government has introduced new legislation which brings forward the collection of GST on the sale of new residential premises or new residential subdivisions, effective 1 July 2018.Read More
The QLD government have two grant programs worth looking at:
Applications for the Accelerate Small Business Grant is closing 5pm 27 March 2018 – Grants of up to $10K
The Business Growth Fund – a new program that kicks off on 28 March 2018 and provides upfront payments of $50K.
Has the crypto bubble burst or will it bounce back? Either way… what are taxation implications of the virtual gains (or losses) you may have realised?
Late last year the Australian Taxation Office (ATO) published its guidance on the taxation treatment of crypto-currencies, specifically Bitcoin.Read More
With the new year upon us, many set personal goals, typically around health and wellbeing. Keeping with the theme… financial health and wellbeing should remain a focus for businesses alike.
The Debt Diet, like any good diet, aims to remove the bad debts and replace them with good debts. This is achieved through regular review of the debt/funding adequacy deployed in a business at each stage of its life cycle. As is often the case, businesses are either carry too much bad debt (fats), incorrect of debt/funding structure (poor diet) or both.Read More
A common question raised is: can I access the cash in my super fund? The common response is: not until your old and probably grey and disinterested in making money.
But we've been thinking and there are a few alternatives, here's one...