Your practice

Relevant and practical knowledge and tools to build your business

Cash flow: It can be a make-or-break issue for small business

  Virgin entrepreneur Richard Branson once said the secret to success is to “never take your eyes off the cash flow because it’s the life blood of business”. And one of Rich Dad Poor Dad author Robert Kiyosaki’s oft-quoted pieces of advice is: “Making more money will not solve your problems if cash flow management

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Have you downloaded your free registered tax practitioner symbol?

  Have you downloaded your free registered tax practitioner symbol? That’s great, if you have!  If you haven’t, now is a great time to start using your symbol From 1 to 30 June the Tax Practitioners Board (TPB) will be targeting advertising to small businesses encouraging those who use a tax or BAS agent for

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Adjusted taxable income explainer

  If your clients have ever or will ever apply for certain tax offsets or concessions or a government benefit of some kind, they may very well be asked to provide their “adjusted taxable income” (ATI). ATI is used to assess eligibility for certain offsets and other entitlements (typically items T4, T5 and T6 but

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Anticipating future tax pitfalls with a professional practice

By Allan Swan Too often, the principals of a professional practice find that as their practices grow and evolve, they can encounter pitfalls and obstacles with regard to taxation. There are a variety of tax outcomes that can be affected over time — for example capital gains tax (CGT), land transfer duty, and the asset

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Key lodgment and payment dates for business for July

07 July Employee share scheme (ESS) ESS statements to be sent to employees. 14 July PAYG withholding Payers must issue PAYG withholding payment summaries to payees (that is, employees and other workers). 21 July Activity statements Quarter 4 (April–June) PAYG instalment activity statement for head companies of consolidated groups – final date for lodgment and payment. June monthly activity

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