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 | Jul 13, 2023 | Government Support, Small Business, Small Business
The start of each financial year usually brings with it a host of tax changes that SMEs need to be aware of, as well as a range of other regulatory changes that affect large sections of the Australian business community. Find out what other changes apply to small...
by C&N Accountants | May 5, 2023 | Company Directors, Division 7A Loans, Small Business, Small Business, Tax & Accounting
There are a myriad of ways business owners look for payback from a company they have invested their time and money into from salary and wages, dividends, jobs for underqualified family members to cash advances and personal expenses like school fees and entertainment...
by C&N Accountants | May 5, 2023 | FBT (Fringe Benefits Tax), Small Business, Small Business, Tax & Accounting
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. If your employer provides you with the use of a car that is classified as a zero or low emissions vehicle...
by C&N Accountants | Apr 18, 2023 | Cashflow, Small Business, Small Business, Tax & Accounting
Starting a small business and turning a passion or an idea into something bigger is a dream for many Australians. Being your own boss and building something from the ground up can be incredibly rewarding – but it’s not always smooth sailing. Being a small business...
