Small Business CGT Concessions – Share or Asset Sale
The small business capital gains tax (CGT) concessions can provide major tax savings when selling a business if all the relevant...
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Small Business Accounting Blog
5 min read
COVID-19 Tax Issues
FBT treatment of car benefits during COVID-19 The ATO has issued a fact sheet that provides guidance to employers for determining the...
6 min read
Federal Budget 2020-21 - Major Tax Changes
The 2020-21 Federal Budget is primarily focused on job creation as part of Federal Government’s COVID-19 economic response and recovery...
6 min read
How to Protect Your Business and Domain Names
Often business owners are dealing with problems that they perceive to be important and urgent. They are trying to get a commercial deal...
3 min read
Strategies to Future Proof your Business
Prior to the COVID-19 pandemic, many business owners may have thought they were well prepared for any disasters, only to be proven wrong,...
6 min read
JobKeeper Extension – New Rules Apply From 28 September 2020
The Government announced on 21 July 2020 that due to the ongoing COVID-19 crisis, the JobKeeper Payment scheme will be extended by six...
2 min read
Focusing on the Key Numbers of the Business
The current crisis has made it important for businesses to have an understanding of the various cash flow and profit drivers that impact...
3 min read
Changes to Insolvency Laws
On 22 March 2020, the federal Government announced the following temporary changes to existing insolvency laws in order to provide relief...
3 min read
2020 EOFY Tax Reporting Obligations
As the 2019-20 financial year has just drawn to a close, business owners should now be focusing on their end of financial year tax...
4 min read
COVID-19 Early Access to Superannuation - SMSF Trustee Considerations
Temporary Early Release The Government is allowing individuals affected by the COVID-19 pandemic to access up to $10,000.00 of their...
3 min read
Restructuring Opportunities during COVID-19
The current climate is a challenging one. If you are fortunate enough to have been able to hold onto your business during this period,...
8 min read
2020 Tax Planning Strategies for SME Business Owners & Investors
With COVID-19 having an impact on most businesses and investors, tax planning is more important than ever this year. Below are some...
2 min read
FBT Audit Hot Spots For 2020
The due date for lodgement and payment of the 2020 fringe benefits tax (FBT) return has been extended to 25 June 2020 for all employers....
3 min read
Tips for Claiming the Small Business Instant Asset Write-Off
One of the best tax breaks for small to medium sized business is the instant asset write-off, which is a great way for businesses to...
4 min read
Tips for Bringing New Investors into a Family Business
At some stage of any business owner’s lifecycle, the idea of expanding the business will come to mind - The owner may be looking for...
2 min read
10 Tips for Business Owners to Manage The Coronavirus
Small businesses need to have a plan to deal with the continued fallout from the virus which includes a drop in customer and sales...
4 min read
COVID-19 Stimulus: JobKeeper Payment to Support Businesses and Employees
The Federal Government has announced (as part of the Coronavirus Stimulus Package) the introduction of a new JobKeeper Payment to assist...
5 min read
Coronavirus Update – Economic Stimulus and Support
As the situation around coronavirus (COVID-19) continues to evolve, Woodward & Co. Accountants and Advisors are available to assist you...
1 min read
Are Property Seminars and Courses Tax Deductible?
The answer as with most tax matters is - it depends! Property seminar costs (and related costs) are deductible where the seminar deals...
4 min read
Removal of Asbestos from Property – is it deductible?
Commercial and residential rental property owners may be able to claim a deduction for expenditure on environmental protection activities...
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