NSW New Home Grant Scheme

The New Home Grant Scheme was introduced on 1 July 2012 to stimulate the construction of new homes in NSW. The scheme provides a grant of $5000. This will be available to buyers of: •    new homes, whether off the plan or newly built, that don’t exceed $650,000 in...

Knowing When to Change Your Business Structure

Regardless of whether you are a new or existing business, it is important to think about your business structure. As a business grows it undergoes significant changes that can alter your tax requirements, as well as create a need for a change in business structure....

Small Business Budgeting

A budget is vital for any company irrespective of the size. A budget is a financial plan that helps to carry out an organisation’s objectives and strategies. As the English proverb says: Those who fail to plan, plan to fail. Creating a budget suitable for your...

Superannuation tips for the self-employed

If you’re a sole trader or a partner in a partnership, you don’t have to make super contributions to a super fund for yourself. However, you may want to consider super as a way of saving for your retirement. Our Top Tips Most self-employed people can claim...

ATO makes changes to Director obligations

On 29 June 2012, changes were made to the tax laws to reduce the scope for companies to engage in fraudulent phoenix activity or to escape liabilities and payments of employee entitlements. Phoenix activity involves a company intentionally accumulating debts to...