Enriching Your Business
For private health insurance premiums paid on and after 1 July 2012, the private health insurance rebate available to taxpayers will be means tested as per the table below. To gain an additional year at the current rebate level, consider
Your superannuation benefit is not an estate asset. Therefore, if you wish to control how your superannuation benefits are controlled, you should consider a death benefit nomination. This type of nomination instructs the trustee of the superannuation fund as to
The Government’s latest budget includes several changes that will affect small businesses. 1. Proposed 50% discount on interest income abandoned The 2010-2011 Federal Budget proposed a 50 per cent discount for individuals for interest income up to $1,000. In the
Increasing productivity is crucial for small businesses because not even multinationals are immune from the requirement to boost their productivity. Toyota recently announced the redundancy of 350 jobs at its plant in Melbourne plant due to a decline in its
Managing your business through organizational and process changes is complex. These business changes require behavioral change from your employees. Each person will react differently. Some will adopt it, some will embrace it and some will reject it. To successfully implement
Trade Mark infringement is serious. If your business name infringes on another business’ existing trade mark, it can mean the end of your business. The Australian Government has set up a website called ‘Trade Mark Check’ to make it easy
Under the State and Commonwealth law, directors and other officers may have personal liability for unpaid corporate debts if: the officer makes misleading statements assuring a creditor that a future payment will be made; the creditor relies on the statements;
A recent Federal Court decision has implications for taxpayers in a variety of industries who receive payments for services. In Qantas Airways Limited v. Commissioner of Taxation, the Court agreed with Qantas’ claim that it was eligible to claim GST
From 1 July 2012 small business depreciation rules will have significant changes. The amendments will apply to small business entities as defined in Section 328-110 of the Income Tax Assessment Act 1997 (Cwlth) that have an aggregated turnover of less
Currently, you can currently transfer the ownership of some types of property directly into your Self-Managed Superannuation Fund (SMSF). This is known as an ‘off-market transfer’ and ‘in specie contribution’, and the value of the property transferred will be counted