Tag: business

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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Tax

Business – What’s changing on 1 July 2018

Here are the key changes coming up for business on 1 July 2018.

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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 Advice

Real Knowledge

Tax Champion will provide Real Knowledge for small business in easy to understand lingo. We implement all these tax saving strategies in our own 40 yr old family business. Tune in via a You Tube subscription and we’ll keep the Real info flowing. Now time to go and see the Pies eaten alive by the […]

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Tax

Your business has been selected for an ATO audit!

These are the words nobody ever wanted to hear, but have you ever wondered how the ATO identifies who to audit?

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Small Business Tax Advice, Tax

Don’t make it your problem – DATA BREACH

You better be ready Mr or Mrs Business Person because New data breach rules come into effect from 22 February 2018. These rules place an onus on business to protect and notify individuals whose personal information is involved in a data breach that is likely to result in serious harm.

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Tax

BIG tax breaks

Fantastic News, there is an increase to the aggregated turnover threshold to $10 million for access to small business tax concessions from 2016-17.  This means that any businesses with an aggregated turnover of under $10 million can now ….

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Tax

Managing the Debt Train

The critical issues for small business – February and March are traditionally the worst cashflow months for small business – the Christmas rush is over, the Business Activity Statement is due, and payments slow down with a dip in consumer spending. You might be ok but your customers could be under pressure and often whoever wields the most influence gets paid first.

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Tax

Poorly Structured

I heard a horror story the other day about poor structuring. Let’s just call this person Wayne Structureless for simplicity. Wayne has shares in a very profitable small business in his own name.

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Tax

What’s involved in selling your business?

Selling your business can be a stressful time and unless you’ve done it before, it’s hard to know what to expect or what’s required to get the right result.  We’ve put together the top issues for business owners or investors to maximise their results.

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Allied Health

Structuring for Partners with Disproportionate Ownership

Disproportionate ownership of business’s is not uncommon, and the correct structuring for your business is critical in ensuring maximum tax benefits, flexibility for distributions, income tax and capital gains, not to mention long term asset protection for all the Partners involved.

 

 

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