by Affinity | Mar 26, 2015 | Business eNews
There is a tendency currently for family trusts to be overlooked in favour of self- managed superannuation funds (SMSFs) as a way of managing wealth. Yet family trusts have a number of advantages over SMSFs that shouldn’t be ignored, and can be used in conjunction...
by Affinity | Mar 26, 2015 | Business eNews
Introduction One of the most valuable assets that a small business owner may ever own in their lifetime is none other than their interest in their business. Such an asset can often be subject to large capital gains tax (CGT) upon the sale of the business by the owner....
by Affinity | Mar 26, 2015 | Business eNews
If you’re planning to sell your business, capital gains tax is an enormous issue. The Australian Tax Legislation includes some generous capital gains tax concessions. However, they are also complex. The first test relates to income. If the business’ income is less...
by Affinity | Mar 26, 2015 | Business eNews
There are certainly a lot of challenges for 2015, including: Digital Disruption – Two years ago, Deloitte Chartered Accountants produced a report, “Digital disruption – short-fuse, big bang?” This report predicted that six different industry groups, comprising:...
by Affinity | Mar 26, 2015 | Business eNews
It is said that the holy trinity of financial planning is wealth creation, wealth distribution and wealth preservation. We spend our working lives creating what we have. We carefully plan who we may pass that wealth to. But what have you done about preserving the...
by Affinity | Feb 27, 2015 | Business eNews
The ATO is carrying out two new data matching programs to identify non-compliance with registration, lodgement, reporting and payment obligations, i.e., looking for tax avoiders. Motor Vehicles The ATO has announced a new “Motor Vehicle data matching program” to...
