Many small to medium enterprise businesses struggled with the effects of COVID-19 in 2020. Sadly, these struggles appear far from over. In this article, we will examine 5 key tips for small business survival this new year. Tip 1: Build client and customer...
First JobKeeper, then JobSeeker, now comes JobMaker. The Government’s $74 billion JobMaker Plan is a key element of the Government’s Economic Recovery Plan for Australia, designed to support a stronger economic recovery and bring more Australians back to work....
For many small businesses, worker’s compensation audits are stressful and time-consuming often resulting in hefty penalties. We have all heard the horror stories of honest, hard-working, small business operators being forced into insolvency, unable to meet large...
A workers compensation audit is a review of records at the request of an insurance company. It can be conducted telephonically, by mail or physically. How an Audit Works You will be notified in writing that you have been selected for inspection. The notice must...
CGT Events: Disposal of a Trust Asset Disposal of a trust asset (or another CGT event) is likely to result in a capital gain or loss for the trust (unless a beneficiary is absolutely entitled to the asset). Capital gains and losses are taken into account in working...
In today’s article, we examine capital gains tax assets. What Assets are Subject to CGT? All assets you have acquired since Capital Gains Tax (CGT) started (on 20 September 1985) are subject to CGT unless specifically excluded. For example, CGT applies to: real estate...
