We have all heard the saying in business ‘cashflow is king’ but what does that really mean and why should you care? Cashflow concerns is something that all businesses experience at some point regardless of size, industry or years of trading. Before we look at how to solve cashflow concerns its key to understand why […]
The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. The first point to understand is that gains and losses from crypto are only reported in your tax return when you dispose of it – you sell it, convert it to fiat currency, exchange it for another type of […]
The golden rule in real estate is “location, location, location”, but how do you know a suburb is right for you when you find it? Whether you are buying an investment property or a home, finding an area that meets your needs is paramount. Here are some things to consider when deciding on a suburb. […]
A guide to understanding and applying for a directors ID In November 2021, the Federal Government introduced a new regulation that requires all business directors to have a directors ID. Under the new regulation, directors must verify their identity and apply for a unique 15-digit ID number will stay with you for life. This ID […]
Fringe benefits tax (FBT) was first introduced into legislation in 1986 and is a tax on items given to your employees that excludes wages or salaries. Prior to the introduction of FBT, businesses were able to provide incentive gifts to employees tax-free. This included gifts like cars, corporate boxes, and lunches – with very little […]
