ATO safe harbour for ‘work-horse vehicles’ Eligible commercial work vehicles are exempt from FBT where any private use is limited to either: ‘work-related travel’ of an employee (including home to work travel); and Any other private use by the employee [...]
What constitutes a going concern? We were recently asked to provide advice on the potential sale of a family’s commercial property. The query asked ‘what constitutes a going concern and whether a vacant tenancy requires a partial payment of GST’. [...]
Small business tax tips for 2018 Small businesses may be eligible for a range of tax benefits. We have put together the following tax tips to help small businesses. Maximise depreciation deductions If you have a turnover of less than [...]
Federal Budget Highlights 2018-19 A budget to strengthen the economy, create jobs and cut taxes was the promise of this year’s Federal Budget. We have put together some of the tax and superannuation Federal Budget highlights, that may be of [...]
Same-sex Marriage And Your Will By Alison Hiscocks - Hiscocks Lawyers The amendments to the Marriage Act 1962 (Cth) legalising same-sex marriage came into effect on 9 December 2017. As a result of these amendments, the wording defining marriage was [...]
Protecting an Inheritance from a Family Law Claim By Alison Hiscocks - Hiscocks Lawyers You may have made a Will and think that you have done all you can to provide for your children after your death. But what happens [...]
Downsizer Superannuation Contributions Recent changes to superannuation rules provide an opportunity for over 65’s to contribute sale proceeds from their main residence into superannuation, up to a maximum $300,000 per person. The key benefit of this is the ability to [...]
GST Withholding On Residential Property The Government has introduced a Bill aimed at strengthening GST payments in the property industry as part of the 2017/18 Federal Budget. Under the new laws, buyers are required to withhold the GST on the [...]
Why is Succession Planning Important? Succession planning is a critical part of good business planning. The better you prepare, the better the outcome you should achieve and the smoother the transition. If you do little planning, then it is likely [...]
Starting a small business? Don’t become a statistic There is something irresistible about starting a small business that has captured our collective imaginations, with small businesses making up 97% of all Australian businesses. But unfortunately, over half of these fail [...]
