Innovation Statement: The Tax Implications

On Monday 7 December the Turnbull Government released its innovation statement, which sets out a number of policy changes to drive investment in innovative start-ups. 

SMSF Borrowing - Is your property a single acquirable asset?

With the rise in the property market in parts of Australia, limited recourse borrowing arrangements (LRBA) have become a popular loan option for self managed super funds (SMSF’s).  The most common asset purchased by trustees through a LRBA is real property. 

Increasing Audit Activity – Are you protected?

The ATO and various other Government Agencies such as the Office of State Revenue and WorkCover continue to announce significant increases in their compliance activities for the coming year.

Is your business having cash flow problems?

Common challenges for small businesses often centre around cash flow problems, trying to secure new leads and paying off debts.  In fact, one of the most common reasons new businesses fail is due to inadequate cash flow or high cash use.

Fringe Benefits Tax and Christmas Parties

As the festive season approaches, many of you will have organised office parties or gifts for your employees to celebrate the year coming to an end.  However it isn’t all fun and joy, with the ATO requiring you to consider the Fringe Benefits Tax (FBT) implications of such events.