by C&N Accountants | Aug 27, 2024 | Asset Protection, Business, Capital Gains Tax, Superannuation
Going through a divorce is tough, and it’s not just the emotional and financial strain you need to think about. Plenty of issues need sorting out, especially if you’re running a business. What Happens When There’s a Family Company? Suppose you and your partner have...
by C&N Accountants | Jul 11, 2024 | Business, Income Tax, Superannuation
Personal tax & super As you may be aware (thanks to the $40 million public education campaign), personal income tax cuts became effective on 1 July 2024. At the same time, the superannuation guarantee (SG) rate jumped by 0.5% to 11.5%. For employers, it’s...
by C&N Accountants | Jul 2, 2024 | ASIC, Business
In line with an increase in the Consumer Price Index (CPI) for the March quarter, some of ASIC’s fees are increased each year from 1 July. Below is a list of fees for some of our ASIC’s frequent lodgements. GST does not apply to ASIC fees. Company fees...
by C&N Accountants | May 23, 2024 | ATO, Business, Small Business, Tax Audit
The ATO is tightening its grip on business owners who dip into company funds or use company resources for personal purposes. It’s not uncommon for business owners to blur the lines between their personal lives and their business, using company resources as if...
by C&N Accountants | Apr 2, 2024 | Business, Small Business, Wealth Planning
Have you ever wondered what your business is worth? If you’re like many small business owners, your business isn’t just another asset; it’s likely your biggest one and probably a significant part of your retirement plan. So, what makes some...
by C&N Accountants | Feb 26, 2024 | ATO, Business, Company Directors, Division 7A Loans, Small Business
Entrepreneurial ventures often commence with the business owner’s financial investment to fuel initial growth and operational stability. A recent legal proceeding underscores the necessity of navigating the complexities of tax legislation when managing company...
