finance

When refinancing, loan interest can be deductible to a partnership

A general law partnership is formed when two or more people (and up to, but no more than, 20 people) go into business together. Partnerships are generally set up so that all partners are equally responsible for the management of the business, but each also has liability for the debts that business may incur. A

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Funding of up to $7,000 for finance sector women available

  Women & Leadership Australia is a national initiative committed to supporting the presence of women in business and community leadership roles. Building on the success of the organisation’s “100 Days for Change” campaign last year, Women & Leadership Australia is this year administering an initiative to support the development of female leaders across Australia’s

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The ATO’s snapshot of the small business sector

  The ATO defines small businesses as those entities with an annual turnover of less than $10 million. Its latest data collected on the sector has the following updated facts about this important market. There are around 4 million small businesses in Australia, they account for 99% of businesses in Australia, contribute $380 billion to the economy, employ approximately 5.6 million

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Get ready to party for International Accounting Day

  It may not be widely recognised, but readers are probably aware that accountants know how to have fun. In fact, there’s even an “International Accounting Day” every year — and naturally it’s being held this year on the best day of the week, this coming Saturday. There is some variation on the dates on

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The pension loans scheme

  To help pensioners who are asset rich but income poor, the government launched its own version of a financial product that has been commercially available for some time, the reverse mortgage. The government’s answer is its pension loans scheme (PLS), whereby a pensioner can apply for a non-taxable loan using some form of real

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If your client’s business loan is knocked back, what can they do?

Despite their best efforts, business owners can still be denied finance when applying for a loan from a bank or other financial institutions. And while a loan refusal can be disappointing, and potentially set back business plans, it can also be an opportunity for a business owner to investigate their business finances and make any

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