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Archive for category: Tax

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Tax Planning for 2016/17 Financial Year

April is a vital month for tax and superannuation planning. With 9 months of the financial year locked away significant trends or changes from the previous financial year will be well established.

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Tax Planning for 2016/17 Financial Year
( Posted in: Tax )

Imminent changes to crowdfunding

Crowdfunding uses internet based platforms and other forms of social media to raise funds for projects or business ventures. Generally, the party trying to raise the funds (the promoter) will engage an intermediary (the platform) to collect funds from contributors.

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Imminent changes to crowdfunding
( Posted in: Tax )

Managing the Debt Train

The critical issues for small business - February and March are traditionally the worst cashflow months for small business – the Christmas rush is over, the Business Activity Statement is due, and payments slow down with a dip in consumer spending. You might be ok but your customers could be under pressure and often whoever wields the most influence gets paid first.

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Managing the Debt Train
( Posted in: Tax )

Poorly Structured

I heard a horror story the other day about poor structuring. Let’s just call this person Wayne Structureless for simplicity. Wayne has shares in a very profitable small business in his own name.

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Poorly Structured
( Posted in: Tax )

Data integrity is vital

It is now compulsory for organisations to provide notice to regulators and affected individuals in the event of a data breach. I know Mr Trump likes Mr Putin but he hasn’t yet asked Vladimir how he should try and control his citizens to not hack into and upset so many organisations in western democracies.

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Data integrity is vital
( Posted in: Tax )

Directors found personally liable

Fair Work Ombudsman v Step Ahead Security Services Pty Ltd & Anor [2016] FCCA 1482, (“the Company”) found the director Mr Jennings, personally liable for the Company’s failure to pay their employees in accordance with the relevant modern award.

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Directors found personally liable
( Posted in: Tax )

Triple Tragedy – Capital Protection

This example is relevant to the importance of Wills as well as asset protection during your life.

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Triple Tragedy – Capital Protection
( Posted in: Tax )

ATO Server Crash

We may be a little behind on our service at this critical time due to an ATO computer crash that was triggered by the collapse of part of its storage solution systems, which were being handled by Hewlett Packard Enterprise.

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ATO Server Crash
( Posted in: Tax )