When is a Due Date Not the Due Date?
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When is a Due Date Not the Due Date?

When it comes to employee super; it’s not what you think. Like us, you probably thought that paying your employee superannuation contributions by BPay on the 28th of the month following the financial quarter-end was meeting both the word and the spirit of the superannuation system. Well, it turns out that we are all wrong,…

5 Reasons for Tax Audit Insurance
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5 Reasons for Tax Audit Insurance

Shortly we will be sending out our annual tax audit insurance offers. Today we offer five good reasons why you should consider the risk removal this provides. 1. You are comprehensively covered – All of your current and previously lodged returns are covered by our Audit Shield service, even if you had another accountant taking care of…

The Contractors Who Inadvertently Bankrupted Their Boss
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The Contractors Who Inadvertently Bankrupted Their Boss

So you thought contractors were a better option than employees? A recent insolvency in Sydney makes compelling reading if you employ contractors. A cleaning company engaged its workers via contract. (At this point it is important to understand that just having an ABN or merely saying you are a contractor does not make it so….

Debt Swap – transforming interest from non-deductible to deductible
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Debt Swap – transforming interest from non-deductible to deductible

Want to save on home mortgage interest? If you are self-employed read on, this may the best thing you have read in years. Fact – Almost all home owners pay their interest in after-tax dollars. Fact – Paying interest in pre-tax dollars is a much better arrangement. The above statements are so obvious that many…

Why you need a partnership agreement for your business
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Why you need a partnership agreement for your business

I have mediated in many partnership disputes over the years, and all of them have had a common element – the lack of a partnership/shareholder/unitholder agreement. You are in an exciting place. A partner, a great outlook and lots of blue sky. What could possibly go wrong! Frankly – a lot and it quite often…