Knowing the right time to exit your business is more important than the decision to start one up. When you start a business it’s often with an idea, a limited amount of capital, and a load of enthusiasm. By the time the business has grown and developed, it is likely to be worth far more than at the start. But, a lot of business owners get the exit decision wrong and pay the price for it.
Read More >>There is a big gap between what politicians say and what is happening ‘on the ground.’ It’s like they’re playing with the map and we’re driving on the roads. We are the ones who experience the road blocks and the pot-holes, the redirection, and changing traffic conditions. While a new road might be announced to resolve some of the issues, you still have to wait for it to be built. So, it is with the Federal Budget.
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Tax Planning season is officially open and as we head towards the end of financial year it's critical that you take the time to review your financial position with your accountant and focus on tax planning and the tax issues that affect you before 30 June arrives.
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Do you know what happens to your superannuation entitlements in the event of your death? Many of us wrongly assume that our superannuation forms part of our estate and will be passed onto our beneficiaries according to our will, when in fact that is not the case. Your benefit may be paid out in a way that you did not intend, as the Trustee of your superannuation fund can pay your death benefit to your partner, any of your dependents or your estate - at its discretion.
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A team of five (after a late scratching from one of our brawny blokes, Mitch) most of whom had never seen an outrigger canoe, were set to take on the other 13 teams participating in the 2012 Sunshine Coast Corporate Challenge run by the Sunshine Coast Junior Paddling Development. The aim? To raise money for the team going to the 2012 World Outrigger Canoe Sprints to be held in Calgary, Canada in June....and win...or at least have as much fun as possible without capsizing!
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Online business is nothing new so what is all the fuss about? A recent report by Access Economics compared the impact of the internet to the roll out of electricity because both are enabling technologies that change all industries in their wake, not just a few.
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It is important that you take the time to focus on tax planning and the tax issues that affect you before 30 June 2012 arrives.
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Living Away From Home Allowances (LAFHA) are paid to employees to compensate for additional expenses and disadvantages they might suffer because they need to live away from home to do their job.
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This month Toni McCulloch and I ventured up to Hamilton Island and joined 350+ accountants for Proactive Accountant Network's Growth Conference.
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The Greens have actually got it right on why the proposed Company tax breaks won’t work...almost... The main headline of the past few days has been the debate between the Greens and the ALP about what are referred to as tax cuts for big and small business.
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