If you are thinking about buying or selling a business the words ‘due diligence’ will often be bandied around.  The process of undertaking due diligence typically starts once a non-disclosure agreement is signed and clarity on the transaction is set.  The process of due diligence is an investigatory one.  The purchaser is undertaking a deep […]

The recent labour government win in the election has one promise that will massively change the tax landscape when it comes to HR management and salary packaging motor vehicles for employees.  The proposal is that no fringe benefits tax will apply to an electric car if the cost of the car is less than $84,916 […]

From the start of the financial year obligations on employers will change regarding the superannuation guarantee obligations. So it is critical that your payroll and HR system is current because the current penalty regime for missed (and late) super guarantee payments is severe. Further, the mere catch-up payment of late superannuation obligations is not enough. […]

The governments temporary full expensing of assets has changed the concept of depreciation.   If your family business buys an asset it is deductible in full the year it is ready and it is not expensed over its useful life. Classically the tax depreciation of an asset roughly lined up with the time-period that the asset […]

If you are a small business or a medium sized business looking to expand your presence offshore by exporting, the export market development grant is especially designed to help you do that. How much is the Export Market Development Grant? The maximum grant payable is $770,000 over an 8 year period. It is capped at […]

As small business accountants we often come across business owners who find that accounting is a foreign language that will never makes sense. And the fundamental fault for this lies in the person presenting the information – the small business accountants. The language of small business accountants is simply a language. And the better the […]