General Business Resources

Motor Vehicle Log Book Requirements

In addition to documentary evidence, claims for car expenses made under the log book method must be supported by appropriate log book and odometer records. Read More

Capital Gains Tax Record Keeping

You may already be aware of the requirement to keep your records relating to your taxation affairs for 5 years (7 years for companies). However, you must also keep records of everything that affects your capital gains and capital losses. Read More

Setting Up a New Business

Starting your own business is an exciting and hopefully lucrative initiative. But preparing your business for the overwhelming volume of red tape and compliance requirements can be a daunting challenge. Read More

Selling your Business

You've made the big decision: it's time to sell your business and cash out. But first, there are lots of small things you can do to guarantee maximum return on the asset you've spent so many years building. Read More

Small Business Entities

From 1st July, 2007, small businesses with an annual turnover less than $2 million are called Small Business Entities and may qualify for a range of tax concessions. Read More

Super Co-Contribution

The superannuation co-contribution was introduced from 1st July, 2003. If you are eligible and make personal (after tax) contributions to a complying super fund or Retirement Savings Account (RSA), the Government will match your personal contribution with a co-contribution up to certain limits. Read More

Tax Avoidance Laws

The Australian Taxation Office (ATO) announced recently that they will fund a number of test cases involving the splitting of Personal Services Income (PSI) and the issue of tax avoidance. Read More

The Importance of Record Keeping

With many tax returns currently underway it’s a good time to be reminded of the record-keeping requirements in support of tax returns. Read More