Do your kids really want to take over your business?
Generational succession – handing your business across to your kids or family – sounds simple enough but, many families end…
Company Money Crackdown
The ATO is cracking down on business owners who take money or use company resources for themselves. It’s common for…
The assault on professional services
The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax. Two…
How much is my business worth?
For many small business owners, their business is their largest asset and for many, one that is expected to help…
The Fringe Benefit Tax Traps
The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s…
Getting back what you put in: Loans to get a business started
It’s not uncommon for business owners to pour their money into a business to get it up and running and…