If you’re thinking about selling an investment property, shares, or any other asset before the end of the financial year, the date you sign the contract could be the most important financial decision you make. Capital gains tax planning isn’t just about how much you earn from a sale — it’s about which financial year…
With 30 June approaching, now is one of the most valuable times of year to sit down and review your business expenses. Many small business owners either miss deductions they are entitled to claim, or claim them incorrectly and invite ATO scrutiny. A thorough pre-EOFY review can make a genuine difference to your tax bill…
Cash flow is the lifeblood of any small business. And for many businesses — particularly in hospitality, trades and personal services — that includes a mix of card and cash payments. From time to time, headlines hit the stands, reminding business owners not to “hide” cash income. While those messages can sound heavy-handed, the underlying…
The fringe benefits tax year runs from 1 April to 31 March — and if your business provided any non-cash benefits to employees or their family members during that period, an FBT return may be due. The lodgement deadline is 21 May, so now is the time to check whether this applies to you. What…
