Division 7A loan agreements

Preventing the question of “is it a loan or assessable income”? When you run your own small business, it can be tempting to think that the money in the bank account is yours. And in some cases, it is (sort of). If you’re a sole trader that money is legally...

Tax planning – not just an EOFY thing

As we come to the end of yet another financial year, now might be a good time to consider tax planning for FY2022-23.  But maybe not as you might have previously thought about tax planning. There’s been a lot written in the last however long about transformational...

Tax time – working from home 2021

What’s legitimate, what’s not & what to watch out for As we launch into the last moments of FY 20-21, you’re likely to start to see a lot of advertising about ‘savings’ to be made this tax time. And sometimes these ads are legitimate for WFH,...

The Sharing Economy Business

When it is & isn’t a business – Myth-busting part 4 Continuing on from where we left off in our myth-busting series – but this time looking at some of the things you need to know about the sharing economy – from an investment/business perspective. How does a...

The Hobby Business

When it is & when it isn’t a business – Myth-busting Part 3 Recently we’ve been exploring some of the myths around money, business, tax. For the next few blogs, we’re addressing questions clients ask. Given many people have lost jobs recently and had the...
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