Taxing Time for Expats: Changes to the CGT Main Residence Exemption
If you are an Australian foreign resident for tax purposes and are planning on selling your main residence in Australia, there are some important new laws that you need to be aware of. Until recently, non-residents could claim an exemption for capital gains tax (CGT) when selling their main residence in Australia. However due to […]
Is Someone Stealing Your Money?
As seen in the Coffs Coast Advocate By James Davis As a business owner your focus is on driving sales, cutting costs, managing staff. But what if all that focus and hard work is being undermined by someone who is quietly stealing your money? Fraud is more common than most business owners realise and 60% […]
Building a Fraud Firewall: Six steps to help prevent fraud
Small businesses tend to be vulnerable to fraud because they have weak internal controls. Business owners can be too trusting, too busy chasing new business or too short-staffed allowing procedures and systems fall by the wayside. Internal controls may be less sexy than winning a big contract, but they are just as important to the […]
Five types of fraud that could cause you a world of pain
Business fraud is more common than you make think, striking all sizes of business and potentially forcing a profitable operation into freefall without much warning. We don’t say this to scare you. The purpose of this blog is to make you aware of the most common types of small business fraud and help you to […]
What You Need to Know Before Buying Property in Your Self-Managed Super
One of the most appealing elements of a self-managed super fund (SMSF) is the flexibility to invest in a wide range of asset classes, including investment property. But those who want to add real estate to their SMSF need to consider a number of factors before they jump into a residential or commercial property purchase. […]
Election Tax Impacts
It seems the Federal Election results have surprised most pundits. Building up to the election, the hot topics for discussion seemed to focus on many tax related matters – so let’s look at the impact from a tax viewpoint. The following Labor proposals will no longer be on the agenda: No refund arising from excess […]
Is Self-Managed Superannuation Right for You?
Ensuring you have enough superannuation is crucial to securing your financial future once you retire. While most people keep an eye on their superannuation funds to ensure they’re tracking in the right direction, others want to take a more hands-on approach when it comes to their retirement nest egg. One way to do this is […]
Can a business loan help my cash flow?
Cash is the life blood of every business. No matter how successful you are, if you run out of cash the consequences can be dire. Ensuring there is always cash in the bank (regardless of seasonal highs and lows, investments in cars or machinery, or fast business growth), requires planning. Creating a business plan with […]
10 Tricks to Get Paid Quickly (so you’ve got money when you need it)
There’s nothing worse than when business is booming, but you’ve got nothing to show for it because clients aren’t paying invoices on time. When the bills start flowing in on your end, there’s little left to cover costs, let alone take home the pay you deserve. Poor cash flow will constrain your business’ ability to […]
Six Great Ways to Get More Out of Your Accounting Software
Keeping an eye on the financial health of your business is easier than ever with the myriad of smart accounting software packages on the market. But managing your money in the most effective way isn’t just about overcoming the challenge of choosing the best program, and then putting it into practice in your business. Modern […]