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As one of the main reasons why businesses fail, poor cash flow can be a very serious issue in a crisis. Not to be confused with profit, your cash flow revolves around where your money is tied up, and although…

Goods imported into Australia – often by consumers using the internet – which cost less than $1,000 are currently GST-free. The removal of the LVT will see many purchases made by  individuals and businesses over the internet from an overseas  vendor being subject to GST…

The Commissioner of Taxation, Chris Jordan, has announced that  the ATO has made significant progress in dealing with those exposed in the Panama Papers who have tried to avoid their tax obligations. He went on to say that, having commenced the assessment of the  data,…

Following further consultation, the government has announced the  following ‘improvements’ to the superannuation changes  announced in the 2016/17 Budget: the $500,000 lifetime non-concessional cap will be replaced by   a new measure to reduce the existing annual nonconcessional contributions cap from $180,000 per year to $100,000 per year;…

Starting a business can be one of the most exciting times in the entrepreneur’s life. You begin small with a great idea and put your blood, sweat, and tears into making it happen, but with no guarantee that it will…

The ATO’s stance against phoenix activity has continued with multiple search warrants issued, and many business and residential sites accessed without notice across Victoria and Queensland, as part of a criminal investigation into unpaid superannuation, employee withholding, GST, and income…