Selling a business? The pros and cons of earn-out clauses
Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every…
Small Business Archive
It’s 2023 fringe benefits tax (FBT) time!
If you’ve provided fringe benefits to your employees or their associates between 1 April 2022 and 31 March 2023, it’s…
Full throttle in 2023
In a volatile market, keeping to a strategy, or let’s face it creating one, can be tough.
Have You Received a Business Support Grant?
As a small business owner, it is possible that you may have recently received a grant to support your business…
Classifying a new worker
It is important to determine whether a new worker is classified as an employee or a contractor, as it affects…
Refresh your ABN details
When did you last check your details on the Australian Business Register? If you're not sure, it's time to check…
Has your business been impacted by floods?
If you’re a small business or an individual in an Australian Government Disaster Recovery Payment declared local government area, you…
Banking your business income to a private account?
The ATO have no concerns with business owners banking their business takings or other sales in private accounts, however, this…
Stapled super funds for new employees
When you employ new staff and offer them a choice of super fund, it's possible that they won’t choose one.…
How’s your record keeping?
Good record keeping makes things easier at tax time – consider if a digital business solution (such as digital record…
Entertaining your employees?
With summer just around the corner, you may be planning a party or a day on the green with your…
Made a business or non-commercial loss?
Any business can make a loss. You generally make a tax loss when the total deductions you can claim for…
