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Articles

 

FBT 2016: The Top 5 Things a Business Owner Needs to Know

If your business is in the hospital/non-profit sector and uses salary packaging for team members, you're a small business, or provide team members with a gym or space to do yoga, then there are a few things you need to know beyond the basic FBT changes when the new FBT year starts on 1 April 2016 1. You will pay more FBT The Fringe...

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Deadline looms for SMSFs and collectibles

Does your self-managed superannuation fund (SMSF) own a motor vehicle, artwork, wine, coins, jewellery or other collectibles?  More stringent rules for how these collectible and personal use assets are managed come into effect for all funds from 30 June 2016.  While it's important for all SMSFs to ensure that they are compli...

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China: Opportunities, investment & appetite

There has been a lot of discussion about China lately Free Trade Agreements, financial stability and growth and the impact on the Australian economy, and Chinese investment in Australia.  With the help of our international contacts, we explore the impact of China on Australia and give some context to the debate. According to Austrade, o...

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Business structures and restructures: Is your structure working against you?

Many business owners don't realise that the business has outgrown its structure until something comes up and this something is usually something negative. Are your assets at risk? Legal action by employees, customers and suppliers as well as divorce are the two primary risk issues for many business operators.  If you have been o...

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Bad Deeds: Is your SMSF at risk?

Your SMSF's trust deed is its rulebook.  If the deed does not allow or recognise something then the trustees can't do it.  Despite this, a lot of trustees are unaware of what their trust deed says it was just something that was required when the fund was established.  The problem with any document is that unless you ame...

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