Branch vs Subsidiary Australia

If you are considering expanding your business offshore, or perhaps entering the Australian market, there are many factors you need to consider.   As you will see the main differences centres around the registration process with our local company regulator and our tax office as well as the reporting obligations. There is in essence no Read more…

Uber driver requirements Sydney

Need the services of a Tax Advisor:  www.sydneytaxadvisor.com.au So you are considering becoming an Uber driver in Sydney Australia? A common question asked, is what are my requirements to be a driver?  I have summarised below a list of requirements that we would recommend before you even turn the ignition key over and begin your Read more…

Tax Incentives Early Stage Investors

Tax Incentives for early stage investors In May 2016 the Government passed legislation that gives effect to tax incentives for early stage investors effective 1 July 2016. This is a welcome measure that will encourage investors to invest in new start up businesses.  What is important to understand is that the definition of an early Read more…

Uber Driver Requirements Sydney NSW

So you are considering becoming an Uber driver in Sydney Australia?  A common question asked, is what are my requirements to be a driver?  Note, please contact UBER direct as the information contained below may be out of date. My first advice is, get a good accountant.  Feel free to call us on 02) 8264-0755. Read more…

Tax Accountants – Get Tax Services and Assistance

Many Australians are confident enough to file and lodge their tax returns at the end of each financial year by themselves. Using what limited source of tax knowledge they have, many don’t realise that they can receive much greater returns by investing a small fee on a tax accountant. The knowledge and expertise that a Read more…

Small Business Concessions

Tax concessions for small business The small business sector has variously been described as the engine room of the economy as well as the biggest employer in the country – and it’s not hard to see why. Research has indicated that small businesses are responsible for generating millions of jobs, with some estimates that small Read more…

Tax Deductions

Tax deductions misconceptions: What you can’t claim Here are some misconceptions about deductions that many taxpayers commonly believe to be claimable, but are typically rejected by the Tax Office. While some are obviously not allowable, they have all been genuinely attempted to be claimed — and in most instances knocked back. Other disallowed claims, however, Read more…

SMSF Retirement TTR

How to give your SMSF a boost in retirement While providing income for retirement is the obvious purpose of a pension paid from a self-managed superannuation fund (SMSF), there are some issues to consider before drawing a pension from your SMSF. Tax rates in accumulation phase vs pension phase The first issue to consider when Read more…

Work-related expenses in the firing line

With Tax Time 2015 in full swing, the Tax Office has flagged that it will pay particular attention to work-related expenses. It says it’s an area that adds up to about $19.5 billion in tax deductions each year. In previous years, the Tax Office has tended to focus on work-related claims made by particular professions, Read more…

GST Going Concern sale of business

The concept of the “going concern” exemption for GST purposes can still cause confusion when businesses are sold, despite the fact this exemption has been in place for many years. A “going concern” refers to an enterprise’s ability to continue trading, with the sale of that business generally eligible to be GST-free if the enterprise Read more…