The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected to be the cost of living and the economic shift to net zero. According to election guru Antony Green, the window for the next election starts on Saturday, 3...
Read MoreBudget 2024 - 25
Tuesday, April 16, 2024
How much is my business worth?
Tuesday, April 16, 2024
For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. But what is your business really worth and what sets a high value business apart?Every business owner is naturally curious about just how much their business is ...
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For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. But what is your business really worth and what sets a high value business apart?Every business owner is naturally curious about just how much their business is ...
Read MoreNon-compete clauses and worker restraints under review
Tuesday, April 16, 2024
A new issues paper from Treasury’s Competition Review questions whether non-competes and other restraints are limiting job opportunities and movement. A recent Australian Bureau of Statistics (ABS) survey found that 46.9% of businesses surveyed used some kind of restraint clause, including f...
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A new issues paper from Treasury’s Competition Review questions whether non-competes and other restraints are limiting job opportunities and movement. A recent Australian Bureau of Statistics (ABS) survey found that 46.9% of businesses surveyed used some kind of restraint clause, including f...
Read MoreThe assault on professional services
Tuesday, April 16, 2024
The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax.Two new cases before the Administrative Appeals Tribunal demonstrate how serious the Australian Taxation Office (ATO) is about making sure professional services firms - lawyers, accounta...
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The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax.Two new cases before the Administrative Appeals Tribunal demonstrate how serious the Australian Taxation Office (ATO) is about making sure professional services firms - lawyers, accounta...
Read MoreWarning on SMSF asset valuations
Tuesday, April 16, 2024
The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices.ATO data analysis has revealed that over 16,500 self managed superannuation funds (SMSFs) have reported assets as having the same value for three consecutive years. With many of these assets residential or commerci...
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The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices.ATO data analysis has revealed that over 16,500 self managed superannuation funds (SMSFs) have reported assets as having the same value for three consecutive years. With many of these assets residential or commerci...
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