The tax implications and pitfalls of small-scale subdivisions You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out; the tax implications....
What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your business and maximising its capital value for you, the owners. When it comes to generational succession of a...
Shakespeare held a client seminar on Wednesday, 26 July at our office in West Perth. It was an Overseas Recruitment Information session with presenters from Peloton WorkReady, Absolute Immigration, Giide, and AussieOS. For over a decade, the team at Peloton WorkReady...
If you are using Xero, once you have lodged your BAS either through Xero or through the ATO “finalising” your BAS will ensure any changes are brought forward to the current BAS you are working on. Saving time and confusion when there are mutual users. The ATO allows...
A friend’s accountant suggested that they could reduce interest on a non-deductible debt by using company cash to offset their personal mortgage, and then transferring the cash back by 30 June. Is this an acceptable strategy? This might initially sound like a...
The explosion of OnlyFans, YouTubers, TikTokers and others all offer an opportunity for ‘content creators’ to profit from the audiences they generate. But now the Tax Office has given notice to the booming industry. In October 2022, OnlyFans CEO Ami Gan announced that...
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