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Client in Focus: Direct Fire Supplies
Before becoming business partners, James Kingi and Ben Blue were both independent contractors installing fire sprinkler systems. With 30 years of experience between them and with independent strengths complimenting each other, they realised the benefit of joining forces. The aim: to build a sustainable business which would increase personal wealth and provide a good lifestyle…
Read MoreNew ransomware outbreak – Be alert!
Thousands of computers around the world are becoming infected by a fast spreading ransomware. Big businesses are getting hit. An entire hospital is shut out of its system, and suddenly, it’s everywhere – the next big ransomware attack.
Read MoreTED Talks: Dan Pink – The puzzle of motivation
Career analyst Dan Pink examines the puzzle of motivation, starting with a fact that social scientists know but most managers don’t: Traditional rewards aren’t always as effective as we think. Listen for illuminating stories — and maybe, a way forward.
Read MoreData matching by ATO targets card payments, online sales, ride sourcing
Every year, the ATO collects new data from financial institutions and matches this data with its own information, which is sourced from income tax returns, activity statements and other tax records.
Read MoreDeceased estates: A brief guide to tying up the loose ends
After a person dies, and the usual arrangements are completed, there will come a time when other matters, such as tax and superannuation issues, must be looked after. The person who takes on the responsibility for administering a deceased estate is commonly referred to as the executor, but could also be known as an administrator or a legal personal representative.
Read MoreSmall business tax debts to be revealed to credit agencies
From 1 July 2017 the ATO will be allowed to disclose information about any business with an ABN to credit reporting agencies if the business has tax debt over $10,000 and is at least 90 days overdue.
Read MoreTED Talks: Tricia Wang – The human insights missing from big data
Why do so many companies make bad decisions, even with access to unprecedented amounts of data? With stories from Nokia to Netflix to the oracles of ancient Greece, Tricia Wang demystifies big data and identifies its pitfalls, suggesting that we focus instead on “thick data” – precious, unquantifiable insights from actual people – to make the right business decisions and thrive in the unknown.
Read More10 tips for rental property owners to avoid common tax mistakes
Below is a list of tips from the Australian Taxation Office that should help rental property owners avoid what it has found are the 10 most common tax errors made by rental property investors. The ATO says that avoiding these tax mistakes will save many taxpayers both time and money.
Read MoreActive vs passive assets and the small business CGT concession
The small business capital gains tax concessions are extremely valuable. For small business owners who need to dispose of assets that have risen in value during the time they have owned them, accessing these concessions can mean greatly reducing any consequent tax liability, even to zero.
Read MoreCan salary sacrifice work for you?
Salary sacrifice can be a great way to get a part of your remuneration in a form other than cash – and not personally pay tax on it.
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