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News

3
Dec

Christmas Tax Checklist

It’s that time of year again – what to do for the Christmas party for the team, customer gifts, gifts of appreciation for your favourite accountant (just kidding), etc., etc. Here are our top tips for a generous and tax effective Christmas season: For your business What to do for customers? The most effective way […]

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30
Nov

China: Opportunities, Investment & Appetite

There has been a lot of discussion about China lately – Free Trade Agreements, financial stability and growth and the impact on the Australian economy, and Chinese investment in Australia.  With the help of our international contacts, we explore the impact of China on Australia and give some context to the debate. According to Austrade, […]

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9
Nov

Business structures and restructures: Is your structure working against you?

Many business owners don’t realise that the business has outgrown its structure until something comes up – and this something is usually something negative. Are your assets at risk? Legal action by employees, customers and suppliers as well as divorce are the two primary risk issues for many business operators.  If you have been operating […]

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27
Mar

The 1 April Salary Packaging Trap

Why a tax on high income earners will disadvantage many with salary packaging agreements. In last year’s Budget, the Government introduced a 2% ‘debt tax’ on high income earners – the temporary budget repair levy. Unlike many other announced Budget changes, the debt tax bill passed Parliament in record time – 12 sitting days with […]

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2
Nov

The Top SMSF Property Investment Mistakes

Planning on giving to charity?

Make a donation now and claim the deduction this year. If you donate monthly to charities, think about paying the full year’s worth of donations upfront and take the deduction now.

Operate through a company?

If you operate through a company structure and the company has advanced you money during the year or paid expenses on your behalf, then work out whether you are going to repay the loans or put in place a complying loan arrangement. If you already have loan agreements in place from prior years, make sure that you make the minimum repayment (including interest) before June 30. If the company normally declares a dividend to cover these loan repayments, make sure the dividend is declared and set-off against the loan balance before 30 June …

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24
Oct

Are big companies getting a better tax deal than you? And how you can fight back

Planning on giving to charity?

Make a donation now and claim the deduction this year. If you donate monthly to charities, think about paying the full year’s worth of donations upfront and take the deduction now.

Operate through a company?

If you operate through a company structure and the company has advanced you money during the year or paid expenses on your behalf, then work out whether you are going to repay the loans or put in place a complying loan arrangement. If you already have loan agreements in place from prior years, make sure that you make the minimum repayment (including interest) before June 30. If the company normally declares a dividend to cover these loan repayments, make sure the dividend is declared and set-off against the loan balance before 30 June …

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28
May

Top 9 Simple Tax Saving Strategies

Planning on giving to charity?

Make a donation now and claim the deduction this year. If you donate monthly to charities, think about paying the full year’s worth of donations upfront and take the deduction now.

Operate through a company?

If you operate through a company structure and the company has advanced you money during the year or paid expenses on your behalf, then work out whether you are going to repay the loans or put in place a complying loan arrangement. If you already have loan agreements in place from prior years, make sure that you make the minimum repayment (including interest) before June 30. If the company normally declares a dividend to cover these loan repayments, make sure the dividend is declared and set-off against the loan balance before 30 June …

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2
Apr

Budget 2015: The rumours, predictions and reality

On May 13 when Treasurer Joe Hockey delivers the 2014/2015 Federal Budget, he will be either one of the most respected men in the country for instigating much needed structural reform or one of the most unpopular, if predictions of a slash and burn approach to social welfare come true. Or perhaps a bit of both depending on your view and circumstances.

The Treasurer has been laying the foundation for reform for some time. Australia’s economic growth – once a point of pride during the GFC – is now looking a little flaccid at 2.8% in 2013. We’ve come through the GFC but we’ve failed to do much more than just survive since. Even the growth rate of our kiwi cousins in New Zealand is outstripping us at over 3% on the back of a strong dairy export market.

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