Two recent cases have highlighted how important the distinction between 'independent contractors' and 'employees' is:
in one case, it was held that a plumbing business did not meet its superannuation guarantee obligations in respect of five of its plumbers that it had treated as independent contractors; and
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Boom time or down time, every business needs to manage the Christmas period. Managing the holiday season well can make a big difference to how your business is positioned in the New Year. Here are our top tips:
The scrooge approach to outstanding debtors
Put extra effort into following up debtors. The closer we get to Chri... |
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One of the benefits of operating a business through a private company is the ability to access a flat 30% tax rate on profits. However, shareholders often forget that the 30% corporate tax rate is only intended to apply while the profits are being used in the company’s business or investment activities. The Government and ATO’s... |
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With a 45% refundable tax offset (equivalent to a 150% deduction) up for grabs it’s a wonder why more businesses don’t claim the R&D Tax incentive. This generous tax deduction is available to businesses with a turnover below $20 million (a 40% tax offset, equivalent to a 133% deduction is available to all other eligible ent... |
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If you need to buy depreciating assets in your business – computers, machinery, cars, etc., - we’re about to give you a whole lot of reasons to go shopping.
We’re often asked about the best way to acquire different types of assets. In this case we’re talking about plant & equipment, depreciating assets purchased f... |
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Wealth Creation
