Articles

09 Jan 2014

Business value – Grooming leaders

Vital to the plan is the identification and grooming of future leaders and key skill requirements. Responsibility for grooming the next generation belongs to the experienced business owners.…

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09 Jan 2014

Business value – Get advice early

Even if you have no immediate plans to sell or transition out of your business, the best time to start thinking about a succession strategy is NOW! It…

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08 Jan 2014

Investing – Investment categories and timeframes

There are generally four categories of investments (asset classes): Cash: Cash investments provide stable and low risk income over the short term. It includes bank accounts and term deposits.…

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28 Nov 2013

Record keeping – It might not sound exciting but…

We often talk about the need to keep records, particularly when claiming deductions in your tax return. The "self assessment" system used by the Australian Taxation Office (ATO)…

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24 Nov 2013

Time to take that overseas trip

It is that time of year when travel is quite likely to be on your mind. You might be considering a bit of a get-away overseas and potentially…

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19 Nov 2013

NFP Fringe Benefit Tax

Fringe Benefit Tax is payable by employers who provide fringe benefits to their employees. The two fringe benefit concessions available to certain types of NFPs are FBT exemption…

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18 Nov 2013

Tax questions – Relocating overseas – What is my tax obligation?

Relocating overseas will not only mean a change in lifestyle and culture, it can also mean a change in your Australian tax obligations. Tax residency The tax outcomes…

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18 Nov 2013

Tax questions – Can I claim my business trip and take a holiday too?

It is very important to understand the rules for claiming travel expenses when your trip combines both business and a holiday. Airfares: If the predominant reason for the…

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18 Nov 2013

Tax questions – Can I claim my car for work?

Yes, a tax deduction is possible if you use your car to produce assessable income. There are two different methods for calculating your expenses: Cents per kilometre Log…

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