Business Tag

You’re in business, congratulations, that takes courage and commitment. It’s not easy, and at times you might find yourself questioning why you’re even doing it, but you’re here because you had a vision. You decided being in business was a better way to achieve that vision...

In the online, connected world that we now live in, it’s important for your business to be digital. Digital technology has revolutionized the options you have available as a small business, with a wealth of cloud-based solutions and apps helping to automate the admin, enhance...

It’s often obvious when a company is carrying on a business. But many clients have companies set up in their family or business groups, whose “business” status may be less clear. Common examples include companies that simply hold assets used by another entity in the...

A client asked us recently “what are the key factors for a successful business”? We think the following are some of the important factors to take into consideration: * Think about “scaling up” your business from the very beginning of the business, no matter how small...

It’s the start of another calendar year.  What resolutions have you made to grow your business in 2019?  If you made any resolutions you probably made them around 6 weeks ago.  How have you gone on the all-important implementation tasks? If your business is established and...

That’s great – but there are a few issues that you should think about before starting a business or purchasing a business.  Unfortunately, there is a high failure rate in the first 3 years of a business’ life.  An accountant’s role is to advise you...

The ATO has issued Draft Ruling TR 2017/D7 to give guidance on whether a company is carrying on a business for the purpose of s 23AA of the Income Tax Rates Act 1986. Section 23AA defines a “base rate entity” as an entity that carries on a...

On 31 January 2017, the ATO released Taxpayer Alert TA 2017/1 Re-characterisation of income from trading businesses. The ATO said it is reviewing arrangements that attempt to fragment integrated trading businesses in order to re-characterise trading income into more favourably taxed passive income. Its concern arises...