Category: Blog

Cf Debt Recovery
Small Business, Tax

Penalties will recommence: ATO restarting debt recovery action

Taxpayers defaulting on tax debts and lodgement requirements can soon expect contact from the ATO as it confirms the recommencement of its compliance actions in the wake of JobKeeper concluding.

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Jk Ato Chases $172bn
Small Business, Tax

ATO chases $172bn in undeclared contractor income

The ATO has urged businesses to come clean on $172 billion worth of payments to contractors as it gets tough on non-compliance with the taxable payments reporting system.

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Why Are Some Businesses Returning Jk. Image Ken (march)
Small Business

Why are some businesses returning JobKeeper?

Companies that received JobKeeper and subsequently paid dividends to shareholders and executive bonuses have come under particular scrutiny, not just by the regulators but by public opinion.

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Ato’s Good Faith Approach To Crypto Won’t Last Much Longer. Image Andrew (march).
Tax

ATO’s good-faith approach to crypto won’t last much longer

The ATO has upheld its good-faith approach to the accounting of cryptocurrencies, however it isn’t likely to last much longer.

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Insolvencies Rise By 61% In February. Pat
Small Business

Insolvencies rise by 61% in February

External administrations increased by 61 per cent over the last month, stirring fears that more businesses will need to close their doors once JobKeeper expires at the end of the month.

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Fbt (63)
Small Business, Tax

FBT 2021: Tax & Employee Benefits

Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork. The COVID-19 lockdowns have added another layer of complexity as many work patterns and behaviours changed.

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Untitled Design (1)
Small Business

Winding-up: Simplifying small business insolvency

On 1 January 2021, new laws came into effect that introduce a new, simplified debt restructuring and liquidation framework for small business.

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Untitled Design (2)
Small Business

The Final Stage Of JobKeeper And How To Access It

The impact of COVID-19 has been felt very differently from region to region. Fortunes vary wildly between business operators subject to ongoing lockdowns and trading impediments to those benefiting from the “new normal”.

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Article 8 Image. Four Thoughts On Cryptocurrency 1
Strategic Financial Advice

Four thoughts on cryptocurrency in 2021 and beyond

Some cryptocurrencies have experienced a surge in value (and interest) since the pandemic. However, there’s a long way to go before it becomes clear how to determine their fundamental value.

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Article 7 Image. Understanding Account Based Pensions 1
Strategic Financial Advice

Understanding account-based pensions

Once you decide to retire you can access your super as a lump sum or start an account-based pension (also known as an income stream) or do a combination of both. The benefit of starting an account-based pension is that it provides a regular tax-effective income during your retirement.

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Article 6 Image. The A Z Of Inheritance 1
Strategic Financial Advice

The A-Z of Inheritance

Inheritance is an emotional subject on every level. The people leaving an inheritance generally do it with pride and love. The people receiving an inheritance often receive it with gratitude – and sorrow. But while emotional, it’s also a financial transfer that comes with a whole range of legal, financial planning and admin issues attached.

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Article 5 Image. Investing In Property Vs Shares 1
Strategic Financial Advice

Property investment vs shares

An age-old question is whether it’s better to invest in property or shares. There is actually no right or wrong answer. It all comes down to your preferences and approach to risk.

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