by | Aug 19, 2014 | Uncategorized
Any business that employs staff needs to consider payroll tax, but it is an area that can be very complex and, as a result, there is a high risk of running into problems. There are a number of areas to be aware of in payroll tax. These include: Registration thresholds...
by | Aug 19, 2014 | Uncategorized
The ATO is encouraging anyone unsure about a tax investment they have been offered to seek a second opinion from an independent and trusted tax professional, so as not to be fooled by legitimate-looking tax avoidance schemes. Deputy Commissioner Tim Dyce says illegal...
by | Aug 19, 2014 | Uncategorized
Whether you are buying or selling a business, the chances are that ‘vendor funding’ will play an important role in getting the deal done. For sellers, offering vendor finance can increase the pool of potential buyers, and therefore increase the sale price due to...
by | Aug 19, 2014 | Uncategorized
There have been a number of tax changes recently announced that will affect businesses from 1 July 2014. The first two changes apply if your business is considered to be a small business under the Tax Act. In order to be a small business, the turnover of your...
by | Aug 18, 2014 | Uncategorized
Medicare Levy The Medicare Levy rises from 1.5% to 2%. 2% Deficit Levy The new “Deficit Levy” (tax on high income earners) applies to taxable income in excess of $180,000. Tax rates for the 2014/15 income year are as follows: [Tax Rates(Image)] SGC The compulsory...
by Affinity | Feb 26, 2014 | Uncategorized
While registering a Business Name with ASIC is an important part of setting up and running your Business, many people are surprised to learn registration doesn’t provide exclusive ownership of your Buisness Name. Instead, registering a Business Name is a...
