As a small business owner, you’re likely concerned about every penny you spend. That’s a good thing, because you need to keep track of your income and expenses. It also means, however, that you might be less likely to hire people who can help your business. People like bookkeepers, who are great investments for any small business.

You may be eligible for one or more of the CGT discounts and exemptions below when selling your business. With appropriate planning, in many cases you can use these concessions to reduce your CGT liability on a business sale to nil.

There are some things in life that go together well and others that definitely do not. Business and personal finances are in the category of items that should not be mixed. Although it may seem like a headache to keep them separate—who wants to manage all those bank accounts?—your life will be greatly simplified once you separate your personal and your business finances, especially your...

At this time of year, employers like to throw parties for clients and employees. This is a great way of saying “thank you” to the team for all their hard work and to the clients for their continuous support.  It is also seen as a major exercise of client relationship management.

Giving gifts to clients at Christmas time is always popular and may help win new clients and generate more income for your business. In order to claim gift expenses during tax time, the gifts would need to have been offered with the intention of generating future assessable income.

Changes to Salary Sacrificing to Super

There’s been an important change to employee super guarantee calculations. The change relates to employers who pay salary sacrificed amounts into an employee’s superfund. The following information is therefore an update for employers. Please contact us if you would like to chat.

Christmas is a time where employers like to give gifts to their employees, in the spirit of the season. Along with this they also need to know -

Trying to figure out how much money you can save on your taxes can be difficult, especially since the tax guidelines seem to change just slightly every year.