How The Small Business CGT Concessions Could Boost Your Super
If you’re a small business owner gearing up for retirement, selling your business can be a strategic move to give your nest egg that final boost.
If you’re a small business owner gearing up for retirement, selling your business can be a strategic move to give your nest egg that final boost.
The recent spate of extreme weather events during the summer in various parts of Australia has presented unprecedented challenges for small businesses. As a result, the pressing concerns they face may not necessarily revolve around their tax obligations.
As a business owner, one of the perks is the ability to claim tax deductions for expenses related to motor vehicles used in your business operations.
There are key differences between having a hobby and running a business, and they’re mostly to do with your tax, insurance and legal obligations.
Small business owners may be able to claim deductions for the costs of using their home as a principal place of business when filing their income tax return.
With the end of the financial year approaching, now is the perfect time to conduct a business ‘health check’ so that you can come out at the start of the new financial year greatly improved and ready to go.