Why the ATO is targeting baby Boomer Wealth
Succession planning, and the tax risks associated with it, is our number one focus in 2025. In recent years we’ve observed an increase in reorganizations that appear to be connected [...]
Selling a Business? The Pros and Cons of earn-out Clauses
Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should consider. Business transactions often include earn-out clauses [...]
Update: Tax on super balances above $3M
In a very quick turnaround from announcement to draft legislation, Treasury has released the exposure draft legislation for consultation to enact the Government’s intention to impose a 30% tax on [...]
Tax Payable Over the Next 7 Years To be Reduced
Here are some things you should know about the reduction of tax payable over the years. * With the passing of income tax legislation, a reduction in your tax payable [...]
What You Need to Know About Business Activity Statements
What Are Business Activity Statements? Business activity statements are forms that are shared with the government of Australia that shares all of your profits and losses and also reports on [...]
Lack of Planning or Direction
In a general scenario, an organisation refers to a group of individuals who constantly work together for an especially common goal. However, this is not really a complete definition because [...]