• jobmaker
    JobMaker Hiring Credits: What We Know So Far
    We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme has not passed Parliament as yet and until this occurs, the JobMaker rules are not certain and may change. More details should be available soon and we’ll […]
  • tax loss
    Refunds for Tax Losses
    If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits.  In the 2020-21 Federal Budget, the Government announced that businesses with turnover under $5bn* will be able to offset any losses made between 2019-20 and 2021-22 against previously […]
  • investment
    Tax Deductions for Investing in Your Business
    Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn* to immediately deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use. This means that […]
  • system-outage
    ATO Extends JobKeeper Monthly Declaration After System Downtime
    Despite the business monthly declaration for October JobKeeper payments due on 14 November, the ATO had scheduled its system maintenance for online services for agents over the weekend, effectively affecting access over both days. As such, the ATO has now confirmed it will continue to accept and process late declarations. […]
  • best-worst-smsfs
    3 Best and Worst Super Funds Revealed
    Source: NestEgg Stockspots 2020 Fat Cat Funds report has stated that poor performance is largely due to higher fees, with CEO Chris Brycki highlighting to consumers they would be $200,000 better off if they are in a fund charging less than 1 per cent instead of paying 2 per cent. “One […]
  • Australian Tax Office
    ATO Flags Key Early Access to Super Dates
    In an online update, the ATO said that ATO offices will generally be closed from midday of 24 December 2020 to the start of business on 4 January 2021. The last fund files prior to Christmas will be sent on 24 December 2020 – this will include all approvals up […]
17 January 2017

Distressed assets: business bargain or cash sinkhole?

As often happens in real estate, some people seek to profit by taking on distressed businesses and turning them around. Is this a wise strategy though, or a sure-fire way to lose money? For Andrew Lupton, co-owner of Nonna’s Gourmet Sausages and Deli, acquiring distressed assets has been a key factor […]
11 April 2016

How to Acquire a Business in Melbourne

Melbourne is a great city not only for tourism but also for business. It is vibrant, modern and full of people which easily makes the economy thriving. If you wish to start a business here, one option is to buy an existing company. Well, this move is undoubtedly laden with […]
29 February 2016

Why Hire a Melbourne Accountant When Acquiring a Business?

The city of Melbourne is a choice spot for businesses. No wonder many of Australia’s biggest companies chose it to house their head offices. If you’re planning to have your own business in this thriving city, acquiring an existing company might pique your interest. Buying a business in Melbourne or […]
11 November 2013

The Business Of Buying A Business

Are you contemplating on growing your business enterprise by buying an existing business? Acquiring businesses is one of the fastest ways to double your market share and increase the profitability of your company. In such undertaking, you will want to seek professional help from a reliable Melbourne accountant aside from […]
30 October 2013

Melbourne Accountant Advice: Finding A Business To Buy

One of the best and common solutions to working towards financial freedom is owning a business. For many people who don’t want to go through the hassle off starting a business from scratch, buying an existing one presents an excellent alternative. Such venture of course entails significant savings. To best […]
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