by Tony Da Silva | Feb 5, 2021 | Business News
On 15 October 2020, the Australian Taxation Office (ATO) released Practice Statement Law Administration PSLA 2020/3 to guide its staff on how to apply administrative penalties imposed on Self Managed Superannuation Fund (SMSF) trustees under subsection 166(1) of the...
by Tony Da Silva | Feb 5, 2021 | Business News
5 February 2021 STP phase 2 commencement to be delayedA legislative instrument will issue soon around the implementation of single-touch payroll (STP) phase 2. The major change from previous announcements is the start date will now be 1 January 2022 (previously 1 July...
by Tony Da Silva | Feb 5, 2021 | Business News
On 1 January 2021, new laws came into effect that introduce a new, simplified debt restructuring and liquidation framework for small business. Drawing on key features of the Chapter 11 bankruptcy model in the United States, the new system aims to speed up the...
by Tony Da Silva | Feb 5, 2021 | Business News
We’re often asked the best way to sell a business. There are two key components at play in the sale of a business; structuring the transaction and positioning the business to the market. Both elements are important and can significantly impact your result. ...
by Tony Da Silva | Feb 5, 2021 | Business News
The impact of COVID-19 has been felt very differently from region to region. Fortunes vary wildly between business operators subject to ongoing lockdowns and trading impediments to those benefiting from the “new normal”. For those severely impacted by COVID-19,...
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