by Affinity | Sep 22, 2015 | Business eNews
Introduction Trusts have long been an attractive option for persons wishing to segregate any business or professional risk away from their own personal assets. In particular, there has been a rise in establishing a trust to protect one’s own family home. Whilst asset...
by Affinity | Aug 21, 2015 | Business eNews
Last month, we discussed “market research” as the first stage of the budget process for directors of companies. In this issue, we examine other components of the budget process. These comments apply to virtually all types of businesses. Labour Budget The labour budget...
by Affinity | Aug 21, 2015 | Business eNews
Each year the ATO updates the amounts that are considered to be “reasonable” and don’t require employees to keep receipts in relation to claims made for: Overtime meal allowance expenses – for food and drink in connection with overtime worked and where a meal...
by Affinity | Jun 29, 2015 | Business eNews
Many business owners and managers are so busy working on what their customers and clients need that they forget to take the time to work on their own business. But being efficient is the first step in business success, so it’s worthwhile investing the time. Five key...
by Affinity | Jun 29, 2015 | Business eNews
Due to the complexity of the income tax legislation relating to trusts, a methodical approach is needed when approaching trust distributions to ensure the intended outcomes are achieved. This article focuses on a number of the more common scenarios where purported...
by Affinity | Jun 29, 2015 | Business eNews
There are over 800,000 trusts in Australia earning over $330 billion dollars each year. Why are there so many? Because accountants will tell you to set one up if you want your wealth or business in a protected and tax effective environment. But they sometimes miss...
