Category: Small Business Tax

Small Business Tax, Tax

November 2018: Important Tax Dates

November 21 – October Monthly Instalment Activity Statement (IAS) due
November 25 – September Quarterly Business Activity Statement (BAS) due, if lodging through a Tax/BAS Agent

Read more
Small Business Tax, Small Business Tax Advice, Tax Champion

ATO Finds $850 Million In Superannuation Guarantee Audit

The small business owners who haven’t paid their employees super, have finally been caught out.

Read more
Small Business Tax, Small Business Tax Advice, Tax Champion

Single Touch Payroll (and all the surrounding panic) Is Here

My message to business owners is take a chill pill. All will be sorted.

Read more
Small Business Tax, Tax Champion, The Killer Series

It’s Time For Global Sincome Tax

Small Business People have been looked down upon for far too long. They need a chance to stand up against the multinational giants.

Read more
Community, Small Business Tax, Tax Champion

What Is The Best Software For Accountants?

I want to give you my honest and fair opinion of what’s out there on the market. Firstly, let’s examine the most popular ones – MYOB, Quickbooks and Xero.

Read more
Small Business Tax, Tax Champion

The History of Accounting Software for Small Businesses

Grab yourself a cup of tea or a coffee, folks. The history of accounting software is below, including MYOB’s move to Australia and the introduction of cloud-based software.

Read more

Small Business Tax, Small Business Tax Advice, Tax Champion

Trading Trusts For Families In Small Business

There’s one particular structure that we strongly recommend for families who are growing a small business.

Read more
Small Business Tax, Small Business Tax Advice, Tax Champion

Small Businesses Do Need Tax Guidance

Once the ATO beds down the Single Touch Payroll system throughout the whole of the business community over the next 3 years, small business people will be made to pay their obligations in a timelier manner.

Read more
Small Business Tax, Tax

The Small Business CGT Exemption After Death

Under capital gains tax laws, if your business has continuously owned an active asset (i.e. business asset) for 15 years, you’re aged 55 or over and are retiring or permanently incapacitated, you may be able to sell the asset including the goodwill and not pay Capital Gains Tax. There are a number of tests to satisfy, but if satisfied then it is quite possible that any capital gain would be tax free.

Read more
Small Business Tax, Tax, Tax Champion

What Will The ATO Audit This Year?

It can often be difficult to know where exactly the tax office are going to be focusing their audits. As it is the start of a new financial year, I thought I would provide some insight into where the ATO will be pointing their guns in 2018/19.  

Read more

It can often be difficult to know where exactly the tax office are going to be focusing their audits. As it is the start of a new financial year, I thought I would provide some insight into where the ATO will be pointing their guns in 2018/19.

Small Business Tax, Tax Champion

What Will The ATO Audit This Year?

It can often be difficult to know where exactly the tax office are going to be focusing their audits. As it is the start of a new financial year, I thought I would provide some insight into where the ATO will be pointing their guns in 2018/19.

Read more
Small Business Tax, Tax

Company Disaster

Companies are a disaster if you own a growing small business. They don’t get a 2nd Capital Gains Tax discount if they sell a business and they have the inflexibility of an old man in his first yoga class. You need your head read if you are stuck in one, but there is a way out of a company and into all the business and tax flexibility of a trust.

Read more