2016 Tax Planning Tips
Tax Planning Tips for 2016! Find out how to minimise your tax with a few easy steps.
Tax Planning Tips for 2016! Find out how to minimise your tax with a few easy steps.
It is at times a job that some people discount as not as ‘important’ as the advisor or accountant. But as the advisor at the other end I can tell you that a good bookkeeper is worth their weight in gold!
Small businesses operating as companies are one of the bigger winners out of this year’s budget.
The Government has announced that it will legislate the objective of superannuation as ’to provide income in retirement to substitute or supplement the Age Pension’.
The Government says that this objective has guided the other reforms announced and a legislated objective will enhance stability in the superannuation system
When it comes to succession planning we often look outside the business for the next CEO rather than internally. In a recent HBR article Joseph Bower explores the trends in S&P 500 companies, finding that 80% promoted insiders in the past 12 months. So, which strategy is more successful and why?
When I start to reflect on discussions, interactions and business dealings with entrepreneurs over the past years they all seem to have some things in common. Typically, they have a good appetite for risk, but more importantly is that they are able to think quickly and make changes in their business that allow for adaptation as they realise what it is the market wants.
If we don’t actively encourage true problem solving and endless opportunities to try and fail until they succeed so they learn how each feels and to get up and try again our children will have a hard time as adults in the future job market.
Understanding your business numbers isn’t always easy. So here are 5 Financial Ratio’s you can use to gain further insight into the performance of your business.
You’re looking to buy an investment property and wondering how it will affect your tax situation?
Firstly, it’s important to note the difference between a residential or commercial property. If you purchase a residential investment property, there is no GST applicable. This also means you cannot claim any GST, however a commercial property will require you to charge GST and lodge BAS on a Quarterly basis. There will also likely be GST on the purchase and sale which you need to consider.