Category: Small Business Tax

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.

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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.

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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.

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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.

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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.

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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.  

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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.

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Small Business 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 […]

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Small Business Tax, Tax

Tax Planning Tips – 2018

Here are our top five tax planning tips for 2018. It’s early June now, and a perfect time to go over these tips.

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Small Business Tax, Tax

Budget 2018 The Wrap

Budget night – here’s the wrap for small business, brought to you by the Tax Champion and Paris Financial, so here we go…

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Small Business Tax

Budget 2018

#Budget2018 and what it means for Small Business. Tax Champion, Pat Mannix on what Small Businesses need to know from tonights Federal Budget.

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