2015-2016 Federal Budget – how does the Budget affect you? Small business is a sector that came out a clear winner from the 2015-16 federal budget delivered by the Treasurer Joe Hockey. Tax cuts for small business companies and unincorporated entities The government will deliver a tax cut to all small businesses through: 1.5% tax […]
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What is a capital gain? When you make a profit, large or small, from selling an investment, this gives you a “capital gain”. A capital gain is the difference between the price you pay for an investment and the price for which you sell it at a profit. Examples of capital gain generators The investments or assets that
Tax evasion agreement is now official between the two countries On 3 March 2015, Federal Treasurer Joe Hockey and Swiss Ambassador Marcel Stutz signed an agreement that provides greater tax transparency and information exchange between the two countries. This will be in the form of automatic information exchange based on the O.E.C.D.’s (Organisation for Economic Co-operation and Development) common
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Capital gains tax exemption rule Typically, the rule for an exemption to capital gains tax applies to the family home, or “main residence”, and the the rule usually applies for only one home at any given time. Exception to the rule Did you know that there is also an exception to that rule? The exception allows for a taxpayer to
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W Wen And Co, accounting firm, has moved to Epping With our business growing thanks to your support, we wanted to provide you with better, higher service levels, so we have relocated our office to Epping. Our new office address is: Suite 105 51 Rawson Street Epping NSW 2121 Close to Epping station We trust
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What Are Small Business Benchmarks? Small business benchmarks are financial ratios developed to help compare the performance of similar businesses in an industry. They: are representative of returns and activity statements in a given industry provide guidance on what figures the ATO would typically expect a business in a particular industry to report. Why the ATO uses
Small Business Benchmarks Updated By ATO Read More »