In the realm of tax law, a critical concept revolves around understanding the notion of "entities connected with you." This concept serves as a linchpin in several aspects of taxation, from determining one's status as a Small Business En..
A Self-Managed Super Fund (SMSF) is a unique and increasingly popular retirement savings vehicle in Australia. SMSFs offer individuals and families greater control, flexibility, and investment choices than traditional superannuation fund..
Feel like your business is stuck in a rut? Unable to solve a problem that you know is going to cost you in the long run? Struggling to navigate your way through a difficult time? It might not be financially tanking, and it might not be that your r..
When estate planning, most people focus on what will happen to their family and their assets after they pass, often neglecting to consider what would happen if they were to become ill or incapacitated. Falling ill can be a very stressful and traum..
At the worst time of your life, the last thing you want to think about is tax. When a loved one dies, however, their affairs must be dealt with at some stage. This includes their tax obligations. You must lodge a date of death tax ret..
While the hustle and bustle of operating and managing a business can occupy your mind, it’s important not to forget your superannuation obligations to your employees. Those who fail to meet their super obligations risk facing severe and even damag..
In Australia, any income earned by a job may be considered taxable income. Those who receive their income via the sharing economy are no exception to the rule. In fact, there can be further complications that result fro..
Have you ever wondered what happens to superannuation in a situation where someone claims bankruptcy? Bankruptcy is a legal process that can be commenced when you are declared unable to pay your debts. It is a process t..
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. A home-based business is one where an area of your home is se..
Family-run businesses form an essential part of the economy. Tradition, success, history, and their unique dynamic can create a thriving business that many may wish to see continue. However, as with any business, the co..
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