The Advantages of a Self-Managed Superannuation Fund (SMSF)
It’s common to see Australians wanting control over their superannuation. This means people are looking increasingly towards Self-Managed Superannuation Funds (SMSF) – a trust structure that is becoming the preferred choice of many. Below, we analyse the benefits of an SMSF and consider how it relates to business tax. 1. Choice of investment A significant […]
Top Tips to Invest Like Warren Buffet
Warren Buffett is arguably the world’s best investor, making his billions through his strong knowledge of the market, and wise decisions for the fund he manages. As Berkshire Hathaway’s CEO, he made market-beating investment choices and is lauded as an investment king by many in Australia and all over the world. Understanding investing, business tax, […]
5 Top Reasons Why You Need Employee Retention Measures in Your Business
Employees are human beings, not just a cog in a machine. You invest so much time, energy, and money into the development of an employee, and if they leave, it hurts the business and affects the culture and momentum. Whether they handle your business admin, marketing, or strategy, employees are essential to keep. For this […]
Business Assets – Buy or Lease
Whether it’s a piece of machinery or a vehilce, buying is an expensive and important decision that can affect business tax, output, and cash-flow. It’s a decision that requires a robust strategy that carefully weighs up the pros and cons of leasing and buying. Buying: Pro’s You have a tangible asset This asset will appear […]
Changes to Employee Accommodation, Food, & Drink Expenses
Changes have been made in drafting the Employee Accommodation, Food, and Drink Expenses rules. On 17 February 2021, the Australian Taxation Office (ATO) created a new addition to business tax deductibility related to accommodation and food and drink (travel only) spending. Employees who stay away from their usual residence for work purposes (for less than […]
