Treasury has released draft legislation introducing the long-awaited third party reporting regime (proposed to apply from 1 July 2022). The new regime will initially require ride-sharing and short term accommodation online platform operators to report transactions they facilitate directly to the ATO.
Your accountant should be planning strategies to improve your business, tax and personal outcomes months in advance, not just doing your tax return. Even if ‘you’re not their biggest client’ your accountant should be working proactively for you. Tax savings are made through planning, not hoping. If you don’t have a handle on your tax…
Treasury has released its Mid-Year Economic and Fiscal Outlook for 2019/20, forecasting a surplus of approximately $5 billion.Other tax-related measures incude a discretion for taxpayers to undertake a record-keeping course and a new third party reporting regime for businesses operating in the sharing economy, such as Uber and Airbnb.
If you are looking to transition to retirement or exit your business in the next few years, you need to start planning now. There are many options for business succession, but ultimately a smooth business exit that achieves maximum value for your business and enhances your personal prosperity, requires professional guidance and the benefit of…
Your dream of flexible hours and time with family may be a distant memory now that the realities of being a business owner have taken over. If you haven’t addressed issues affecting your business for a while or you just know it’s time to seek out proactive advice that extends beyond legal obligations, the beginning…
The very nature of being a business owner or director puts you in a position of risk, and without advice, your personal (and business) assets could be at risk. Even if you have a Company business structure or other entities such as trusts in place, as a director you can still be subject to personal…
There is a worrying trend when it comes to Australian business owners planning for their retirement and personal financial future beyond life as a business owner.
Robinson Voss Partners has been shortlisted for the prestigious 2018 Optus My Business Awards to be announced later this year.
If you have a niggling feeling that your business set up may not be in your best financial interests, it’s probably time to review your structure.
Business owners commonly pay more tax than they need to. One small mistake can lead to BIG tax consequences for your business, yet all it takes is a little planning to avoid paying more than you should.