Space travel should not be attempted without a detailed plan
In the early 1960’s, US-President J.F. Kennedy declared that the US would put a man on the moon by the end of the decade. Was this a reasonable goal? Yes… because it happened.
What if he had said Mars instead of […]
Why Pricing is the Key to Growing Your Profit Margins
Rarely do our clients receive pushback from customers when they increase their prices. Usually, the customers who leave because of a price increase are the customers […]
The dominant lion may lounge around the place…
And a typical gorilla father will go to battle with other males, who are known to kill baby gorillas as they try to take over the group. Meanwhile, Emperor Penguin dads are […]
There are 101 Things to Do in Any New Business
Most business owners are motivated by goals. They may not have clarity on what those goals are because they have not set aside time to think about it, document it, or consider the relative importance of various […]
Lifestyle assets data matching program protocol
The ATO will obtain information from data providers for the 2013/14 and 2014/15 financial years, to identify taxpayers who are […]
Record keeping for capital gains tax (CGT)
Before You Become a Director
If you become a company director and the company has outstanding PAYG withholding and SGC obligations, you will become personally liable for a penalty equal to these amounts (these are […]
Tax deductibility of ‘non-compliant’ payments about to get the chop
If the PAYG withholding rules require a […]
Lost your tax file number?
If you’ve lost your tax file number (TFN) there are a few options for you to try to get it back.
Your first avenue of enquiry, if you use the services of a tax agent or accountant, will be to ask them for your tax […]
Do you have a legal expense?
When a legal expense is incurred in relation to the operation of a business to produce assessable income, it is generally allowable as a deduction. Exceptions are when the legal fee is capital, domestic or private in nature, if it is specifically excluded by another […]