small 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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Business client tax loss deduction denials

  Business owner clients may need to be reminded that they should not get too creative if they’ve thought how handy it would be to absorb a business loss as a tax deduction — especially under certain circumstances as described below. The ATO has the discretion to disallow the deduction of a tax loss if,

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Small business concessions under the spotlight

  The CGT concessions for small business are important for qualifying businesses in that they can defer, reduce or remove liability to CGT. The government announced last year that it intended to tighten the eligibility factors for the CGT concessions that are generally available to small businesses, and it has just initiated the formal review

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