Motivation is Key to Business Success

Perhaps one of the biggest challenges for a business owner (let’s face it, there are many!) is staying motivated and focusing on being the best person, and business person, that you can be. This could mean being motivated to improve the business, motivated to...

Discretionary Family Trust: Family Trust Election

A trust may elect to be treated as a family discretionary trust and be able to enjoy numerous tax benefits such as the ease of distributing trust income freely to any beneficiaries listed in the trust, more relaxed tests for claiming tax losses, the ability to inject...

Labor’s proposed tax changes explained

Last year, Shadow Treasurer Chris Bowen announced Labor’s view on tax reform and Budget repair. The opposition Labor Party has proposed a number of significant changes to the current tax arrangements. 1. Negative gearing Negative gearing refers to a situation where...