Enjoying a stress-free holiday

As a business owner it’s important to take time away from work. But worrying about whether staff are meeting deadlines and suppliers are happy translates to more stress and less time enjoying your holiday. With a little staff communication and planning beforehand, you needn’t worry that your business won’t be able to cope in your … Continued

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Collaboration: 5 Reasons It’s Essential to a Growing Company

Many elements are vital to a growing company’s success. A financially-astute leader is one. A confident and motivated sales team well-versed in a company’s product and service line is another. But starting and growing a business requires more than employees with extensive functional skills and appropriate personal characteristics. Growing a business requires collaboration…namely, the deployment … Continued

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Professional Firms & Allocation of Profits under ATO Scrutiny

Allocation of profits within professional firms is attracting the ATO’s attention. The ATO is taking a closer look at how certain professional firms carried on through a partnership, trust or company are allocating profits, and whether there are arrangements being utilised which could be giving taxpayers an unfair tax advantage.

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Business Sale: Earnouts Back in the Spotlight

Selling or purchasing a business will be made easier after the Coalition government has agreed to a simple approach to the tax treatment of earnout arrangements. On 14 December 2013, the Assistant Treasurer announced that the government will proceed with the long-standing proposal to provide “look-through” treatment for qualifying earnout arrangements.

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