small business

  Q: I am close to reaching my total super balance, however I have assets in my business that I want to contribute to my superannuation. Can I do so without breaching the NCCC? A: If those assets meet either or both of the small business exemptions rules, then (subject to the caps in relation

• 20 June, 2018

  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

• 12 June, 2018

  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,

• 5 June, 2018

  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

• 23 May, 2018

  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. Partnership

• 4 April, 2018