One of the first and most important things that needs to be determined when starting a business is which structure is most appropriate for you. It’s important to consider as it impacts most future decision about commercial, legal, and taxation issues. ...
The 2015 / 2016 budget was pleasing in that it did not have many surprises that had not been previously released prior to last night’s budget announcement by the Government. The Highlights The deficit predicted to be $35bn with a return to surplus now ...
Tomorrow marks the end of the Fringe Benefits Tax (FBT) year! This means you need to make sure your business doesn’t pay any more tax than is necessary. Read our list of Frequently Asked Questions on FBT: How can I minimise my FBT? Even with high private ...
The government has axed several tax concessions for small businesses when it abolished the mining tax in September 2014. Affected businesses will need to amend tax returns in which the concessions were claimed and pay back taxes. They may also need to ...
Prime Minister Tony Abbott released this week the government’s National Industry Investment and Competitiveness Agenda. Amongst other things, it included proposed changes to the legislation on the way taxation is calculated on employee share options. Why ...
At Altus, we are constantly surprised that a large proportion of small business owners don’t invest in the health of their business in the same way they would their own personal health and well-being. We say “surprised” as ultimately it’s their business ...
Most of the measures taken in the budget are unlikely to have a major impact from an economic perspective. The effect is more likely to be a longer term cut in expenditure, particularly aimed at welfare. The immediate impact will clearly be on the higher ...
The end of the financial year is fast approaching. With this time of year comes thoughts about tax deadlines, payments or refunds. If you’re a business owner or an investor, some questions that may have crossed your mind include: Have I paid too much ...