Enriching Your Business
“If it looks too good to be true, then it probably is” How wise is this old saying, especially in this modern age of managing money. Clients often hear about investment opportunities and tax savings associated to them, and come
A statutory demand is a notice issued by a creditor who is owed more than $2,000, to the debtor, requiring it to make a payment, or to come to a satisfactory arrangement to settle the debt within 21 days of
Recently, the ATO had announced that up to $14 billion in lost super remains unclaimed. Would you know if some of this amount might relate to you or your close ones? Unclaimed lost super may arise when people, who had
Small business sector is seeing an increase of being audited by the ATO and the selection process is particularly based on small business benchmarking method. Benchmarks are in fact financial ratios that the ATO compute using the information given via
To encourage tax payers with offshore investments to voluntarily make a full disclosure, the ATO had launched the Project DO it, which offers the incentive of reducing tax penalties to a very low rate of 10% along with the added
Recently, a range of inquiries had been received regarding investments in some of Australia’s largest listed companies, who had been featured in the press lately on their policy on special dividends and capital distributions. It is important to note that
For those of you who had committed to lodge and pay your tax every quarter, the ATO activity statement is due on 28 October 2014. It is good to carefully consider how these first quarter statements are submitted as this
It is always an advantage to plan ahead and make sure you have checked on the following before 30 June 2015: If you have opted for the salary sacrificing scheme into super, make sure you have not breached the $25,000
Public examinations are usually conducted by insolvency practitioners, and considered as a powerful tool to investigate company officers or other relevant persons who might have information relating to a company’s affairs. This examination is particularly useful when company officers are
In the case of those who works from home, even if it is not exactly a home-based business, occupancy expenses includes costs that you pay to either own, rent and other related expenses, which typically include: Rent, or mortgage interest