Tax Advantages of SME Businesses – Number 1

  A SME is a Small or Medium Enterprise (business)! The CAPITAL GAINS TAX concessions on selling a business or business asset for an SME owner are compelling! They include: –       The 50% general CGT Discount for owning an...

Can I pay of my Tax Payable over time?

Yes! You or your business can indeed enter into a payment arrangement with the ATO to pay after the due date and/or pay by instalments over a period of time. During this period you will be charged interest though if you stick to your payment plan you have a good...

Tax Deadlines and Penalties – 2014 Return Lodgement

It is mid March 2015 and many businesses, trusts and individuals have not lodged their tax returns for the year ended 30 June 2014 – which is more than 8 months since the financial year ended! The good news is that this is legal and that the deadline is 15 May...

SMSF Related Party Loans

Related party loans to SMSF’s have been a hot topic over the last few years with the ATO expressing differing and often confusing views. Recent ATO releases confirm that the ATO will consider non-arms length related party loans would be taxed at the top marginal...

Business Networking Opportunities

Our Eastern Edge Chapter of BNI has just started using the Double Bay Inter-Continental Hotel for its weekly meetings and we have been greatly impressed by our new venue. http://www.bni.com.au/index.asp Toni Zeltzer, the mayor of Woollahra Council attended this weeks...

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