R&D Tax Incentives: Benefits and Eligibility Accessing the federal government’s research and development tax incentive is often considered too complicated by SME’s to be worth their while. However, if claims are able to be adequately substantiated the benefits available are generous. In recent times, our clients have had great success accessing their R&D entitlements by engaging experts to review…
CGT Retirement Exemption: Conditions For Eligibility The capital gains tax (CGT) retirement exemption allows your small business to sell active business assets and disregard some or all of the resulting capital gain – meaning also disregarding the associated CGT – as long as you use the money from the sale in connection with your retirement.…
How to Retire with a Larger Super Fund 1. Make voluntary super contributions If you want a comfortable retirement, your employer’s compulsory 9.5% contribution may not be enough to build the nest egg you need. Making extra voluntary contributions is one of the simplest ways to boost the amount of super you’ll have available when you…
Claiming Work-Related Travel Tax Deductions The three expense areas that can be claimed as tax deductions for work-related travel are: transport; meals; and accommodation. Specifically, these can include: public transport costs, including taxi and air travel fares; bridge and road tolls, parking fees and short-term car hire costs; meals and accommodation expenses while staying overnight…
The ASIC Guide for Small Business Directors: Topics and Key Points Small business owners need to understand what being a director of a small business company entails. To help small businesses, the Australian Securities and Investments Commission (ASIC) has developed a guide setting out the role and responsibilities of company directors. The guide is particularly…
Impact of Australian Online Businesses to Offshore Income Tax As online shopping is becoming increasingly more common and widely used, we have noticed more of our clients becoming involved in online business sales. The following article goes into greater depth about offshore income tax ramifications. With online shopping becoming the norm and promising strong growth…
How To Improve Sales and Increase Your Business Margins Efficient sales mean bigger margins, which improve the bottom line. Here are five steps to beef up your sales program: **One Click Sales Tracking Owners of small and medium-size businesses don’t often think sales automation is a tool for them. But without the bells and whistles, the…
How Businesses Can Ease Expense on Salaries Salaries are a tough expense for most businesses. You want to hold them down but reining them in too tightly doesn’t always work well. Good employees can often go elsewhere and replacing them can cost your company a bundle. ** Most people work not only because they need to earn…
Your Guide to the Silly Season – 8 Things to Remember As the end of the year approaches, the silly season is well and truly in full swing and this means a few things – holidays, sun, festive cheer and of course, parties. Work parties are a terrific way to interact with your colleagues and…
Superannuation Legislative Changes RISE Standards, Bourham & Vaux Blog Written by: James Farrelly, Financial Adviser & Accountant Resource Manager The below Blog has been written by James Farrelly for our clients and associates and contains important information regarding Superannuation and how the recent legislative changes will affect everyone. “The 2016 Budget has brought about many…
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