The ATO use industry benchmarks to assess business performance and will take a closer look at businesses that fall outside of these benchmarks. But what happens if you have a niche business or have unusual trading conditions that mean you will almost never fall within these benchmarks?
This is the major problem with the current benc... |
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We are often asked whether it’s possible to offset a loss in one company against the profit in another.
The answer is that there is no automatic way of offsetting losses and profits between your companies.
Most people try to manage a situation like this by putting through charges between the companies after year end ... |
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The FBT year runs from 1 April to 31 March. FBT is one of those areas that many employers struggle with; not because the tax is complex but because of the level of detail required to fulfil your obligations.
A problem area: Reportable superannuation contributions
Reportable superannuation contributions need to be disclosed on empl... |
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Australia has progressively fallen behind in the Global Innovation Index for the last few years. Last year alone, Australia slipped three places from 18 to 21 (Switzerland, Sweden and Singapore were the top performing countries).
Boosting innovation is a question that has plagued the Government for some time and the restructur... |
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Land Tax is something we have written about previously this year but it is an area that we have considerable enquiries about so we thought we would provide information on the most frequently asked questions:
What is Land Tax?
It is an annual state government tax payable by the owner of the land. It is imposed in all states and ACT but n... |
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Wealth Creation
