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Facebook Timeline for your Business

On March 30th 2012, Facebook Timeline for Business Pages was released. The default landing pages no longer exist, which eliminated the process of “Fan Gating” (forcing users to like your business page in order to access more information). The new Facebook Timeline...

Are you a share trader or a share investor?

What’s the difference? The importance of correctly classifying a taxpayer as a share trader or a share investor has been affirmed by the Administrative Appeal Tribunal in the 2010 case of Smith v FCT. The distinction hinges on whether the taxpayer’s share trading...

How does a bad credit rating affect you?

What is a Bad Credit Rating? In Australia, a negative credit reporting system is used to record your credit related defaulting behaviors. This means a historical snapshot of your ability and commitment to repay your debts in a timely manner is kept on file. Financiers...

Employee Share Scheme Tax Implications

(Part 2 securities acquired post 2009 financial year) Following the e-alert published last week, this article will consider the potential tax implications if you acquired securities under an employee share scheme on or after 1 July 2009.  Due to amendments to the tax...

Superannuation Borrowing

Superannuation borrowing is arguably the fastest growing area of superannuation investment.  There is an increasing demand for superannuants to take more control of their superannuation. During the Global Financial Crisis (GFC) many superannuants were cashing in their...

How the 2012-13 Budget Will Affect Your Business

This is a short summary of The Budget for the 2012-13 financial year. Benefits to Businesses Helping business to invest •  Allowing companies to carry back tax losses so they get a refund against tax paid in the previous year, providing a tax benefit of up to $300,000...