by Peter Ristevski | Jun 2, 2024 | Peter Ristevski, Restructuring, Small Business
Small Business Restructuring: Key Points Overview: Restructuring can help small businesses overcome financial distress, adapt to market changes, or prepare for future growth. It requires strategic planning and careful execution to ensure renewed growth, efficiency,...
by Peter Ristevski | Apr 18, 2024 | ATO, How To, Small Business, Tax & Accounting
Small business capital gains tax concessions provide an opportunity for small business owners to reduce the amount of tax they owe on the sale of business assets. One of the key CGT concessions is the CGT exemption, which can be a significant tax-saving opportunity...
by Peter Ristevski | Mar 11, 2024 | ATO, How To, Small Business, Tax & Accounting
The Fringe Benefits Tax year (FBT) ends on 31 March. In this article we clear up some of the confusion regarding the FBT issues when an employer provides an EV (electric vehicle) to an employee. In late 2022, the Government introduced a concession that enables...
by Peter Ristevski | Mar 11, 2024 | Cashflow, How To, Small Business, Tax & Accounting
Managing money is crucial for any business to do well and keep going strong. But for construction and trade businesses, it’s even more critical. Why? Because they deal with some tricky situations. They might get paid in big chunks for projects, but they also have to...
by Peter Ristevski | Feb 29, 2024 | ATO, How To, Small Business, Tax & Accounting
The Tax Office will begin applying penalties from the middle of next month where businesses have failed to lodge a Taxable Payments Annual Report (TPAR) from 2023. The ATO has warned businesses that pay contractors to provide certain services to lodge their taxable...
by Investment Plus Accounting Group | Feb 29, 2024 | How To, Small Business, Small Business Tips
In Australia, employers are bound by a set of obligations designed to protect the rights and well-being of their employees. Understanding these obligations is crucial for fostering a fair and productive work environment. Let’s explore some of the key responsibilities’...
