Structure your assets for maximum benefit

Best Strategy for You Many business owners struggle with whether to hold their business assets as an individual or as a company. However, for many reasons, holding assets in a Self Managed Superannuation Fund (SMSF) can be a better strategy. This strategy suits...

How to make S.M.A.R.T Business Goals

As a small business owner, setting goals provides your business with a structured framework. Without clearly constructed business goals, a business is likely to have little direction and quite possibly fail. Goal setting helps the company gauge the efforts that need...

ATO targets GST in 2014 compliance program

The ATO’s compliance in focus program for 2013-2014 is a document that sets out what the ATO is doing to manage the risks and maintain the integrity of Australia’s taxation and superannuation system for the next 12 months. The Compliance in focus in not an exhaustive...

Share investments and your tax return

Using your money to try to make more money or gain assets is called investing. Profits or returns you make on your investments usually become part of your income for tax purposes. Many expenses relating to your investment are tax deductible – for example,...