Investing in Overseas Property with Your SMSF: What You Need to Know For self-managed superannuation funds (SMSFs), investing in property—whether residential or commercial—can be an

Seven Principles of Effective Tax Governance Managing your tax and superannuation obligations effectively is critical for maintaining compliance and minimising risk. Implementing these seven principles

Getting Funds Out of a Company Tax Effectively Making the Most of Your Company’s Retained Earnings Many business owners find themselves in a situation where

Debt Forgiveness: Understanding the Tax Implications for Your Business Being Kind Can Have Tax Consequences As a business owner, you may find yourself in a

Death and Taxes : Understanding the Tax Implications of Inheriting Property One Certainty in Life: Death. But Taxes? Maybe There’s Some Flexibility. When a loved

The Power of Accountability in Your Business One of the key things I often discuss with small business owners like you is the importance of

GST & the Property Development Lifecycle Navigating GST obligations is a critical aspect of property development in Australia. The rules are complex, and mistakes can

Stage 1 of the Property Development Cycle: Commencement Navigating GST obligations during the early stages of a property development is crucial. Making informed decisions upfront

Stage 2 of the Property Development Cycle: Development The development phase of a property project often involves significant costs, including land acquisition, construction, and professional

Stage 3 of the Property Development Cycle: Disposal or Leasing The final stage of the property development cycle involves either selling or leasing the developed

Cashflow—it’s not just about your profits. It’s about how your income works alongside your assets and liabilities. Understanding this balance is essential if you want

Overview “It’s Too Expensive” When accounting services are priced appropriately, objections based on cost usually signal something deeper than just price. A business should be

Overview The Small Business Restructure Roll-Over allows small businesses to transfer active assets between eligible restructuring entities without incurring income tax liabilities. This is a

Running a Charity in Australia: Key Requirements Operating a charity in Australia involves meeting a range of regulatory and compliance obligations. Here’s an overview of

Before working out how and when to ‘rectify errors,’ it’s critical to first understand when GST liabilities and credits should or could have been declared.

Division 7A Myths Debunked Division 7A is a complex area of tax law that can often lead to misunderstandings and mistakes. Below, we debunk some

Introduction Property developments can be held under various structures, each offering distinct benefits and drawbacks. Choosing the appropriate structure requires a thorough examination beyond just

The commercial debt forgiveness rules have been around since 1996, and they were put in place to level the playing field. Without these rules, a

Personal services income (PSI) is income produced mainly from your skills or efforts as an individual, where that skill or effort represents more than 50%

The Cashflow Solution ALL Builders Need… You have likely looked at your company’s bank statement, wondering why things don’t seem right and if you’ve done

Tax Planning – what you must do before 30 June You work hard to earn the income you do and you probably feel like you

If a director of a company has been issued a Director Penalty Notice (DPN) they must act within the 21-day notice period or their personal

Division 7A – What, When, How and Why? Division 7A loans represent a critical yet often overlooked aspect of financial management for business owners. Designed

In the throes of the COVID-19 pandemic, while the world grappled with the human toll, another casualty remains largely unseen: Australia’s small businesses. These enterprises,