382 | Small Business Litigation Funding
Small business litigation funding sounds great but the devil is in the detail. There will be a substantial funding gap. Who pays that gap?
Posts
380 | In the Black Accounting
'In the Black accounting' covers the final three concepts in the book 'In the Black'.
379 | In the Black Production
'In the Black Production' covers the production concepts in the book 'In the Black'.
378 | In the Black Marketing
'In the Black Marketing' - the title of this episode - covers the medium and long-term marketing principles outlined in Allen Bostrom's book 'In the Black".
377 | Nothing Happens Until There is a Sale
Nothing happens until there is a sale’. That is the first concept in Roger Knecht’s book ‘In the Black”.
341 | Resident Director
A resident director usually fulfills just one specific role. And that is to meet the ASIC requirement that one director of a private Australian company must reside in Australia.
US 7 | US Corporations
When your clients expand into the US, here are the types of US corporations to choose from.
308 | When the ATO Calls
What do you do when the ATO calls you because one of your clients hasn't paid their BAS and IAS?
307 | ERP Questions
In our last episode with Jeri Wambeek of WAO Connect we discussed ERP systems with you. In this episode, let’s ask Jeri three listener questions about ERP.
UPDATE 30 | Queensland COVID-19 Business Support
Queensland COVID-19 business support ranges from $10,000 to $30,000 for employing business.
306 | ERP Systems
ERP systems are different to Xero in four ways. Here is Jeri Wambeek of WAO Connect with the details.
UPDATE 28 | NSW Covid-19 Business Support
There are three NSW Covid-19 business support grants. Let's look at the 12 conditions they all share.
303 | Unfair Contract Case Study
Here is an unfair contract case study to show you how the unfair contract term provisions work.
302 | Unfair Contract Terms
The unfair contract term provisions might help you to get out of an unfair contract.
291 | Inventory Management Software
Xero and Shopify come with inventory management software - a simple one, but one nevertheless. How far can they take you?
285 | Expand Overseas
What happens to your tax position when you expand overseas? Here is Clint Harding of Arnold Bloch Leibler in Sydney with the anwer.
272 | Company Capital
For small to medium companies the size and type of company capital usually doesn't matter. But sometimes it does.
265 | Home-Based Business CGT
Is your home-based business CGT safe? Or will you be hit with a huge tax bill when you sell your family home?
263 | In Connection With Your Retirement
Qualifying for the 15 year exemption depends on you passing the 'in connection with your retirement' hurdle.
UPDATE 23 | The Budget
Here are the 10 most important tax concessions announced on budget night 6 October 2020.
262 | Declaring a Dividend
Declaring a dividend is not that straight forward. There are 5 steps to run through. And heavy penalties await if you get this wrong.
UPDATE 22 | Eichmann Decision
The Full Federal Court has overturned the Federal Court's Eichmann Decision. Here is Andrew Henshaw of Velocity Legal in Melbourne with more.
UPDATE 13 | COVID-19 Contract Law
What happens to contract law during COVID-19? Here is Geoff Stein of Brown Wright Stein Lawyers in Sydney with some insights.
231 | App Integration
What does it actually mean when an app integrates with another app? Here are Jeffrey Atizado and Clinton Cowin with the answer.
230 | App Ecosystem
What should your app ecosystem look like? Here are Jeffrey Atizado of SMB Consultants and Clinton Cowin of TradiePad with some things to ponder.
213 | Top 10 Podcasts for Australian Accountants
Let these top 10 podcasts for Australian accountants inspire you. You never know where you find the answer you are looking for.
212 | Foreign Investment Review Board
The Foreign Investment Review Board is to protect Australia's national interests. Here is Simon Dorevitch with more.
165 | Small Business CGT Concessions for Big Business
Big business and small business CGT concessions are not meant to meet. But there are ways as Andrew Henshaw of Velocity Legal will show you.
151 | Div 7A Listener Questions
In this episode Andrew Henshaw of Velocity Legal in Sydney will answer three Div 7A listener questions.
140 | Services Connected with ITZ
Only services connected with ITZ (indirect tax zone) can possibly be subject to GST as Simon Dorevitch of A & A Tax Legal Consulting will tell you.
139 | Incoterms
Incoterms are pre-defined commercial terms. Simon Dorevitch of A & A Tax Legal Consulting will tell you what they mean.
130 | Succession and Balance
Succession and work-life balance are often put aside and receive less attention. In this episode John Peterson will plead with you to make them part of your strategic objectives.
129 | Strategic Objectives
John Peterson discussed your mission, vision and values (MVV) in the last episode. This episode is about how get there by focusing on your strategic objectives.
128 | Mission, Vision and Values
Mission, vision and values (MVV) are keywords in the language of business development. So we asked John Peterson of Best Practice to tell us more.
127 | Business Advisory
Business advisory will allow you to avoid competing on price. Here is Mark Holton of Smithink with more.
95 | Family Trust Elections
Family trust elections play an important role but are not a one-size-fits-all solution. Paul Mackenroth of Cleary Hoare in Brisbane will tell you more.
78 | CGT Rollover
A CGT rollover might be a great option when you can't get your hands onto a small business CGT concession. Here is Adrian Bailey of Cleary Hoare with the details.
77 | Government Grants
Government grants can help our clients to prosper and survive. They can save our client's cash flow position. Here is Stuart Smith of Vebiz with the details.
74 | Small Business CGT Concessions
The small business CGT concessions are one of the most generous tax concessions in Australia. Adrian Bailey of Cleary Hoare will guide you through the details.
71 | New Basic Conditions When Selling Shares or Units
The basic conditions for small business CGT concessions have tightened. Adrian Bailey of Cleary Hoare will walk you through the changes.
59 | Register as a Tax Practitioner
How does one register as a tax practitioner? Here is Ian Taylor, the Chair of the TPB to walk you through the process.
51 | Div 7A Payments
Div 7A payments can turn into an expensive exercise. Including transfer or provision of company assets. Peter Adams of Augmentor will tell you what this is all about.
50 | Div 7A Loans
Div 7A loans are tricky but there are ways out. As Peter Adams of Augmentors in Sydney will tell you.
48 | How To Buy an Accounting Practice
At the very start it sounds easy. You just go and buy what you need. But it isn't easy. Steven Fine of Growth Focus will walk you through the process.
44 | Offshoring to the Philippines
Offshoring has a negative connotation. But it doesn't have to be this way. Mike O'Hagan of Mike's Buiness Tours will show you the options you have.
38 | How To Sell My Accounting Practice
If you want to sell your accounting practice, do you know how? Steven Fine of Growth Focus runs you through the process with valuable advice on the way.
35 | Improving the Small Business CGT Concessions ED
"Improving the Small Business CGT Concessions" is the title of a new exposure draft. Patrick Huang of Argyle Lawyers will walk you through the details.
34 | R&D Tax Incentive
The R&D Tax Incentive can help companies to survive and prosper. But how? Kevin O'Hara of Techwitty will walk you through the details.
32 | Debt or Equity
Is it debt or equity? Scott Treatt of Pitcher Partners will walk you through Div 974 that governs the classification of debt and equity.
30 | The Panama Papers
The Panama Papers were the scandal the world had to have. In this episode Ben Sewell of Sewell & Kettle in Sydney tells us how it happened and what it meant.
29 | Car Parking Fringe Benefits
Car parking can turn into a fringe benefit over time. Claire Thornett of WLF will tell you how, when and to what extent.
26 | Offshore Tax Havens
How do you set up shop in an offshore tax haven? Ben Sewell of Sewell & Kettle shows you what it takes and a few more things along the way.
24 | NSW Payroll Tax Exemptions And Rebates
Payroll exemptions and rebates are not harmonised across Australia. Here are Andrew Fricot and Ankur Dhar of Revenue NSW with the details.
23 | Insights of a Mortgage Broker
Mortgage brokering is a $344b industry right in front of us in the supply chain. Here is Jonathan Preston of Home Loan Experts with more insights.
22 | Meal Entertainment Fringe Benefits
Meal entertainment is confusing. There are so many moving parts that it is easy to lose track. Claire Thornett of WLF in Hobart is here to take us out of this confusion.
21 | Payroll Tax Grouping Provisions
The payroll tax grouping provisions play a huge role. Here are Andrew Fricot and Ankur Dhar of Revenue NSW with the ins and outs of grouping.
16 | What is a CFD?
CFDs are complicated. Jonathan Preston of HomeLoan Experts traded CFDs for quite a few years and will walk you through the ins and outs of CFD trading.
12 | Payroll Tax Contractor Provisions
Payments to contractors can be subject to payroll tax if paid under a 'relevant contract'. Andrew Fricot and Ankur Dhar of Revenue NSW will tell you more.
8 | The Story Behind the Bywater Case
We have all heard of Bywater, but what actually happened? How was it set up? And how did the ATO find out about it? Here is Robert Campbell of McLeod Campbell & Associates with more.
6 | Australia’s Tax Residency Rules are Broken
Something as fundamental as tax residency should result in a clear answer. But it doesn't. Too hard as Clint Harding of Arnold Block Leibler will argue.
5 | Tax Residency of Individuals & Companies
Tax residency is the gateway to the Australian taxation system. Robert Campbell of McLeod Campbell will walk you the ground rules around residency.
1 | Payroll Tax
Most of Australia's payroll tax legislation is harmonised across Australia. Andrew Fricot and Ankur Dhar of Revenue NSW will show you.
Articles
98 | Food and Drink affects Income Tax, GST and FBT
Any food and drink is either a business expense or entertainment. Whether it is one or the other doesn't just affect income tax, but also GST and FBT.
89 | Small Business CGT Concession Overview
This small business CGT concession overview will give you a rough map of the most generous concessions for small business in Australia.
87 | Small Business Tax Concessions
Small business tax concessions are an important feature of the Australian tax system. Here is a summary of the top 21.
81 | GST Codes
GST codes have a direct impact on your net GST position and hence your cashflow, so it is important to get this right. Unfortunately, getting it right is not always that easy.
74 | Passively Held Assets
Passively held assets can still qualify for the small business CGT concession. They may if used in the business of a related entity.
73 | Div 43
The deductions under Div 43 make up the bulk of a property investors deductions. And the good news is that the changes to Div 40 don't affect Div 43.
72 | Div 40
Div 40 is about the deprecation of plant and equipment. Since 2017 significantly curtailed but still better than nothing.
70 | Div 7A UPE
The scenario of a Div 7A UPE can result in a huge tax bill. UPE stands for unpaid present entitlement.
69 | UPE in the Maximum Net Asset Value Test
How do you treat a UPE in the maximum net asset value test? Do you include it? And if yes for which entity?
68 | The 4 Small Business CGT Concessions
The 4 small business CGT concessions are a huge tax concession. They can save our clients a lot of tax, hence money. They can change a life.
67 | Active Asset Test
The active asset test is an important part of the basic conditions to qualify for the small business CGT concessions.
66 | Subdiv 152-E
The rollover relief in subdiv 152-E is often overlooked. After all, it isn't an exemption but only a rollover. But 152-E deserves more attention.
65 | Subdiv 122-B
Subdiv 122-B is the equivalent to Subdiv 122-A. 122-B provides rollover relief when changing from a partnership to a company.
64 | Subdiv 122- A
Subdiv 122-A ITAA97 is about changing a business from a sole trader or trust to a company.
63 | Div 7A Basics
Div 7a is one of the most common issues we run into when working with private companies. How does Div 7A actually work?
62 | 15-Year Exemption
The small business 15-year exemption is the most generous of the four small business CGT concessions.
61 | Structuring Business and Wealth
When structuring business and wealth, tax is just one part of the equation. It is a balancing act of many objectives. And a question of priorities.
59 | CGT Concession Stakeholder
The concept of a CGT concession stakeholder is fundamental to claiming a small business CGT concession involving a company or trust.
55 | Affiliates and Connected Entities
The concept of affiliates and connected entities plays a crucial role around the small business CGT concessions.
36 | Basic Conditions for an Asset Sale
The basic conditions are the biggest hurdle to take before you can claim the small business CGT concessions. If you get over these, you are on the home run.
27 | Tax Audits
Tax audits frighten most taxpayers and tax agents. They cost time and money. And you never know for sure how it will end.
20 | 50% CGT Discount
The 50% CGT discount in Div 115 has saved millions of taxpayers billions of dollars since it was first introduced on 20 September 1985.
19 | Tax Rulings
Tax rulings form an important part of Australia's tax framework. They plug the holes that our tax laws leave behind.
18 | Net Capital Gain
Calculating your capital gain or loss is only the first part of the exercise. The second part is working out the amount of your net capital gain.
17 | ATO Penalties and Interest
The Commissioner has the power to levy administrative penalties against taxpayers. ATO penalties and interest are some of the Commissioner's powers to keep taxpayers in line.
16 | Lodging an Objection
Lodging an objection is a first step. When you don't agree with the ATO and want to do something about it.
14 | Tax Evasion
Tax evasion is a heavy word. Accuse somebody of tax evasion and you surely get their attention. But what is tax evasion?
1 | Commissioner’s Effective Life of Depreciable Assets for 2019
The Commissioner publishes a Taxation Ruling each year listing the effective life of depreciable assets. Here is a handy overview for small operators.
Tax Talks
Tax Talks is Australia’s tax news podcast for tax professionals. Informative, entertaining and free.
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