Updates

With an increasing level of business involving the Asian region, it is important for Australian companies to be aware of some business-related cultural differences, in particular, the significance of gift giving. Gift giving or ‘gifting’ may not be a norm

As a business owner or manager, you must always be aware of the risk of potential bankruptcy or insolvency of your customers, which would greatly affect your business and cashflow. How do you mitigate the risk of taking up customers

With 30 June 2013 just behind us, here are some strategies that you may find useful in preparation for 30 June 2014. For most small business owners, the end of the financial year calls for a review of their operations

The Government has decided to defer the introduction of the $2,000 cap on work related education expense deductions until 1 July 2015. Since the announcement of this cap a few months ago, there had been widespread protests from the education

As of 1 July 2013, the super guarantee rate had increased from 9% to 9.25% and that the upper age limit has been removed.

After the release of the draft of the Insolvency Law Reform Bill 2013 by the government late last year, the first changes are due to be effective from September 2013. These amendments will affect the Corporations, Australian Securities and Investments

The Federal Government will be removing the statutory formula method used to calculate fringe benefits tax, which will change the rules that apply to motor vehicle Fringe Benefits Tax (FBT). This was announced in July this year, and will be

Insolvency, a dreaded word in the business world, no matter how small or big the business is. But, by recognising the warning signs of insolvency, and putting in place some strategies to minimise the risks, accountants, owners and managers may

For small business, the increase of instant asset write-off threshold from $1,000 to $6,500 for the 2012-13 income year will affect the method of depreciating or writing off the costs of assets, including motor vehicles. What was once allocated to

The Medicare levy increase – from 1.5% to 2% effective on 1 July 2014 – would result with a top marginal tax rate at 47% effectively. Apart from individual taxpayers, small businesses are also impacted because there are a number