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Salary Packaging Aids Staff Retention

Many small businesses struggle to attract and retain skilled and competent staff, especially when they are unable to compete directly against larger organisations that can afford to pay higher salaries. There is a way to overcome this disadvantage, but small business...

Risks of both spouses acting as Company Directors

Introduction In this globalised age where a company is now a 24/7 enterprise rather than just a “nine to five” job, many couples are choosing to both live together and work together. Whilst there are many personal advantages to these family companies, the question...

GST Issues on the sale of Property

Making a profit from buying and selling a property has long been an attractive money making option. However, there are a number of tax considerations which could reduce its attractiveness.   The main issues are to do with GST – whether sellers need to be...

New reporting requirements for BCI taxpayers

The ATO is reminding contractors in the building and construction industry (or ‘BCI’) to take extra care with their returns this year.   Also, businesses in the building and construction industry are now required to report to the ATO the total amount...