18th November 2009
When a company is no longer able to pay its debts using the company resources that are available it is determined to be insolvent. In the current economic environment, as a result of business forces, many business owners are finding that they are unable t...
11th November 2009
As the old adage states, “Fail to plan and you will plan to fail”. Whilst this may seem a little worn out it is still very relevant and true, particularly when it comes to business. For most business owners their business is a result of many years of ...
30th October 2009
In a recent analysis of Australian Bureau of Statistics data it has been revealed that there has been surprisingly strong growth in the number of small businesses in Australia. Interestingly, the data also highlights that along with an extremely high fail...
26th October 2009
In an attempt to attract greater foreign investment to Australia the Federal Government has recently doubled the current foreign investment thresholds.
Current legislation dictates that foreign investors looking to purchase a share of 15% or more inter...
15th October 2009
Legislation for the Tax Agent Services Act 2009 has been drafted and is intended to be enacted early in 2010. The new regulations will see that bookkeepers who are currently preparing and lodging Business Activity Statements (BAS) for a fee are now requir...
13th October 2009
Unlike income from cash or bonds, which is fully taxable at your marginal tax rate, Australian shares receive attractive tax concessions through the dividend imputation system.
Australia’s dividend imputation system can reduce and in some cases elim...
09th October 2009
If you have accumulated a significant superannuation balance, wish to maximise your returns and have greater control over your investments; a self managed super fund (SMSF) may be the answer.
A SMSF is a vehicle that is used to manage the superannuatio...
01st October 2009
There is currently a range of illegal schemes and plans that exist that are offering unsuspecting taxpayers access to their superannuation savings before retirement. The promoters of these plans will tell you that they are able to access your super saving...
23rd September 2009
Attorney-General, Robert McClelland has recently released details of proposed changes to existing personal bankruptcy legislation.
The changes are now available for public consultation and are intended to modernise the current legislation to better ref...
17th September 2009
The Commonwealth Government moved to introduce a new national consumer protection law in June this year (2009) when it passed Trade Practices Amendment (Australian Consumer Law) Bill 2009. This new law is modelled on a successful trial that has been opera...
07th September 2009
The government has put in place a range of schemes to help out new home and first home buyers. The trick is finding the one that applies to you. Figuring out which one and then applying for it can be a bit confusing. The most relevant schemes to new and f...
27th August 2009
If you are noticing issues with profitability, having problems with meeting your tax bills, or have any outstanding debts to the ATO then you are probably thinking that you will have to resort to insolvency via administration, liquidation, or receivership...
20th August 2009
Business Activity Statements (BAS) are used by business’s to report and pay a number of tax obligations, including GST, Pay As You Go (PAYG) instalments, PAYG withholding and Fringe Benefits Tax. This is the ATO’s way of combining a range of taxes int...
11th August 2009
Earlier this year (7 April 2009), Australia’s much anticipated employment legislation The Fair Work Act 2009 passed through federal parliament. The introduction of the Act, which became effective as of 1 July 2009, spells the end of the controversial Wo...
05th August 2009
As we delve further into the 21st century it seems that a greater number of the population are moving away from what would be considered the ‘traditional’ lifestyle choices of the past.
Seemingly gone are the days where young couples remained livin...
