How to sell your business
We’re often asked the best way to sell a business. There are two key components at play in the sale of a business; structuring the transaction and positioning the business to the market. Both elements…
COVID-19 Vaccinations and your Workplace
The first COVID-19 vaccination in Australia rolled out on 21 February 2021 preceded by a wave of protests. With the rollout, comes a thorny question for employers about individual rights, workplace health and safety, and…
Fringe Benefits Tax 2021
Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork. The COVID-19 lockdowns have added another layer of complexity as many work patterns and behaviours…
The COVID Productivity Gap
A recent article published in the Harvard Business Review by Bain & Co suggests that the pandemic has widened the productivity gap between top performing companies and others stating, “Some have remained remarkably productive during…
Business Support Packages: Circuit Breaker Action
Following the recent Circuit Breaker Action, the State Government announced a specific business support package to provide financial support for eligible businesses. The $143 million package includes four key initiatives including: Business Costs Assistance Program:…
Capital gains tax and your own private home
If you sell an asset you will typically make a capital gain or loss, which is the difference between your initial purchase cost and the amount you receive when you sell the asset. In most…
What’s in a business name?
Are you thinking about starting a new business? Then you will need a business name. But what’s in a business name and how do you get it right? We’ve compiled a list of tips to…
Claiming Refunds for Tax Losses
If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits. In the 2020-21 Federal Budget, the Government announced that businesses with turnover under…
JobMaker Explained
We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme passed Parliament in mid-November without changes. What is JobMaker? JobMaker is a…
Tax deductions for investing in your business
Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn* to immediately deduct the cost of new depreciable assets and the…
