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Taxation requirements can be confusing, so by providing summaries of recent tax changes and guidelines on implementing the necessary legislation and best workplace practices, we can help make your taxation obligations easier to understand.
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Common small business CGT concession errors
When businesses enter transactions that involve assets there are likely to be Capital Gains Tax (CGT) issues that need to be considered. Relevant transactions may be relatively simple to identify, such as the sale of an asset, or more complex,...
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Amounts announced for the 2011 fringe benefits tax year
The Australian Taxation Office (ATO) has released various amounts in relation to fringe benefits tax effective 1 April 2010 (i.e. the 2011 FBT year). These new amounts may need to be applied in preparing estimates of 2011 FBT payable or in...
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Active asset test and rental properties
The small business Capital Gains Tax (CGT) concessions operate to reduce the CGT payable on the disposal of active assets by eligible taxpayers. Therefore, key issues are the definitions of active assets and eligible taxpayers....
