When selling a business, there can be significant tax advantages, especially related to GST, if the sale is considered a “going concern.” as Glenn shares in this video. This means you’re selling the entire business, often in a walk-in, walk-out fashion, with no GST on the sale. This can greatly impact cash flow for both…

Are considering selling your business? Glenn takes you through what you need to consider in terms of tax in this short video.

Is your business structure right for your business? Ewen explains why you should review this as things change in your business to ensure your structure is right for where your business is now.

What actions are you taking in your business to stay on top of inflation rises? Ewen shares some great tips in this short video.

Temporary full expensing, also known as the instant asset write-off, has been extended to 30 June 2023. Ewen explains what you need to do to ensure you take advantage of this.

Have you considered SMSF to help you purchase your own business premises? Glenn takes you through how this strategy works for businesses.

Do you understand what succession planning is? In this short video, Glenn clarifies what is involved and the benefits for your business.

After the budget earlier this week, below we share some highlights: Personal income tax changes The Government has announced a once-off $420 ‘cost of living tax offset’ for the 2022 income year, which will be provided in the form of an increase to the existing LMITO. This will increase the maximum LMITO benefit to $1,500…

Tax planning takes advantage of lawful and strategic ways to minimise tax liabilities this financial year and in future years. While it may minimise taxes in any given financial year, tax planning works best when used as part of a long-term financial strategy. This post will outline some tax planning considerations for businesses and individuals…

In our latest News Update, we talk about interest rates, what you might expect in the upcoming federal and state budgets as well as reminders about the upcoming changes in regard to superannuation. When did you last review your insurance? We talk about the importance of having the right cover. With inflation rising we talk…

Understanding cash flow management can help you overcome growing pains, reduce the stress of running a business, and deploy cash resources in a way that’s efficient and strategic. But for many businesses, cash flow management isn’t seen as a high priority. In this post, we’ll outline the purpose and benefits of better cash flow and…

With good weather and record prices prevailing in 2021, it was a strong year for agribusiness. The Australian Bureau of Agricultural and Resource Economics and Sciences suggests that the boom will continue through 2021-22. In fact, the bureau predicts that Australia’s agricultural industry will reach a record-breaking $81 billion this financial year – more than…