Introduction A previous article published in December 2013 focused on the potential pitfalls with trust deeds and the methodical approach which should be adopted when preparing trust distributions. Regardless of whether a distribution is otherwise permissible, there...

Export Market Development Grant – Reminder If you are an exporter or proposing to export, Export Market Development Grant applications for the year ended 30 June 2014 have to be lodged by Monday 1 December 2014 at 5pm. If you require any assistance on the preparation...

In these difficult times, many business operators have found the need to extend credit to customers and potential customers. The key to offering credit terms is to manage the credit you’re offering. The objective to managing credit effectively is to ensure that you’ve...

At present, the majority of bank lending is for property investments. Banks are saying this is where the demand is. Bank lending for property is easier than lending for small businesses. To have a successful relationship with your bank, you should consider...

Estate planning involves much more than having an up to date Will. It is important to ensure that your assets are distributed in the most effective manner and without adverse tax consequences for your beneficiaries. What is estate planning? Estate planning involves...

The ATO continues to want taxpayers about the dangers of not protecting important details such as their tax file number, date of birth, current address and driver’s licence number. So it has put out a video called “Don’t let yourself disappear”, which shows what can...

The following relates to a newspaper article that appeared recently in a national newspaper and was then subsequently picked up by national TV and radio. As it concerns a taxpayer withdrawing all of her $30,000 balance from her superannuation fund for weight loss, a...

Article by Brad Little, vice president and managing director, NETGEAR ANZ   Accounting for 96 per cent of local businesses, SMBs are an important aspect of the Australian economy.   With numbers increasing as more budding entrepreneurs follow their dreams,...

If you haven’t met your super obligations as an employer, you have to lodge a Superannuation guarantee charge statement – quarterly (NAT 9599) and pay a superannuation guarantee charge to the Australian Taxation Office. Additionally, your business might lose the tax...