December 2017 Practice Update

Parliamentary update Editor: The ongoing citizenship saga in Parliament has resulted in the Government losing its one-seat majority in the House of Representatives, thanks to the resignations of Barnaby Joyce and John Alexander. By-elections have been scheduled in the relevant … Read More

November 2017 Practice Update

Reporting of transfer balance account information Editor: The recent superannuation reforms introduced the concept of a ‘transfer balance account’, to basically record the value of member balances moving into or out of ‘retirement phase’. In order to monitor these amounts, … Read More

Taming the cash flow beast

Imagine this: Your business sales and activities are going gangbusters, but at the end of the fortnight there is no money in the bank to pay your staff. If you’ve been there you would know how stressful a situation this … Read More

October 2017 Practice Update

No small business tax rate for passive investment companies The Government has released draft tax legislation to clarify that passive investment companies cannot access the lower company tax rate for small businesses of 27.5%, but will still pay tax at … Read More

Are You and Your Business Ready to Sell?

Going into business can be a very rewarding experience, and going out of business making a profit can be even sweeter. However, it is estimated that only 21% of businesses owners ever sell their business. Many business owners believe that … Read More

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