After two years of debate on how to curtail fraudulent phoenix activity– where a company is used to intentionally accumulate debts and is then placed into voluntary administration or liquidation to avoid paying those debts – new laws came into effect in June 2012 intended to stamp out the activity. They will also increase personal liability risk...
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The 2013 Federal Budget contained few surprises as many of the measures had already been announced, however most Australian households have been impacted in some way.
Baby bonus to be replaced with new Family Tax Benefit payment
Date of effect: 1 March 2014
The Baby Bonus, which currently pays $5,000 to eligible parents for each new born or n...
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End of Financial Year is upon us once again! It's time to make sure your tax affairs are in order and any important decisions are made and acted upon.
We've prepared this tax planning checklist that will have you breathing easy about this hectic time of year.
Business Owners
1. Superannuation Guarantee Contributions
As an employer you ar...
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Last week’s announcement by the Rudd Government of their intention to streamline eligibility criteria for the Fringe Benefits Tax (FBT) on salary sacrificed employee cars, which avails the Government of approximately $1.8b, was met with a tidal wave of conflicting opinion from Australian business.
Those who shouted the loudest – in particular, ...
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At some stage, many small and micro business owners, freelancers and soloists will reach a crossroad: you’re making sales and business is growing, but you have more work than you can manage – which can be exciting and confronting in equal measure! So what do you do if the path ahead looks less like the Yellow Brick Road and more like a German a...
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Recently dubbed the ‘Apple of Accounting’ by Sydney Morning Herald (SMH), Xero holds an enviable position in the cloud accounting marketplace: they are the only provider to have designed a platform that seamlessly integrates with third party providers.
The benefit of this integration is a real-time, small business toolbox of over 300 software ...
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Last year, you may recall that I wrote about the importance of moving beyond selling resources- the foundation of our economic relations with China to date - to take advantage of vast opportunities to provide services to the growing middle classes.
It’s fair to say entrepreneurs and small to medium businesses had little chance of getting in on ...
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