JMR PARTNERS NEWS RESOURCES
Never start a business just to “make money” START a business to make a difference
~ Marie Forleo
Key factors for rescuing a bad debt deduction
It is very often the case that unpaid debts owed to a business can have a significant impact on cash flow and the ongoing profitability of a business. In a taxation context the characterisation of a particular debt as either “doubtful” or “bad” is key as to whether or not the writing off of that debt would be deductible.
Tax and Christmas party planning
Christmas will be here before we know it, and the well-prepared business owner knows that a little tax planning can help make sure there’s no unforeseen tax problems.
What the proposed housing-based super contribution initiatives offer
After waiting for what seems like an eternity, the government has finally put to Parliament its draft legislation around two of its schemes.
Lodgment rates and thresholds guide
To save you having to laboriously search for the right tax rate or relevant threshold, the essential information is right here in one place.
Look before you leap: the small business CGT concessions
The CGT relief concessions that are available to small businesses can be very generous. However they can also be complex and confusing, so knowing a few of the finer details can go a long way to ensuring your small business can take best advantage of them.
Travel allowances and the proper use of the exception to substantiate claims
A travel allowance is a payment made to employees to cover accommodation, food, drink or incidental expenses they incur when they travel away from their home overnight in the course of their duties.
End-of-year tax planning tips for business
The general rule is that you can claim deductions for expenses your business incurs in its task of generating assessable income. Many of these deductions are obvious – rent, materials, supplies and so on
Federal Budget 2017-2018
The Budget announcements contain a suite of tax and superannuation measures aimed at increasing housing stock and improving housing affordability.
The CGT implications of subdividing and building on the family property
Given the state of the property market in Australia these days, a not-uncommon situation can arise where a residential property owner seeks to demolish and subdivide the block containing the family home and build residential units.
Gumtree sourced assets, and the realities of making a claim
A recent case before the Administrative Appeals Tribunal (AAT) brought into focus a growing phenomenon that you should keep in mind for work-related or business expense deduction claims, especially where the acquisition of claimable assets is made in a certain way.
Tax and the sharing economy
The concept of a “sharing economy” has been around for long enough now to have had a very real impact on how we transact with each other.
Superannuation Changes
The Government has recently put into law a number of significant superannuation changes it originally announced in the last Federal Budget. As most of these changes will apply from the 1st of July, 2017, it makes a lot of sense to review these changes to see how these may impact upon you.
The success combination in Business is: Do what you do better… and: Do more of
what you do…
~ David Joseph Schwartz