Getting your first job

With university starting many students start seeking their first job to help support their studies. It’s important to know what information or paper work you will need to have ready to provide to a future employer once you have a job The very first thing you are going to need is a tax file number … Continue reading “Getting your first job”

Thinking of rewarding your staff with bonuses this year?

If your business has had a successful year and you are thinking about rewarding your employees with a bonus for their contribution there are a number of things to consider, particularly from a tax perspective. From a tax law perspective, bonuses are considered ordinary income to your employees, just like their regular salary or wages. … Continue reading “Thinking of rewarding your staff with bonuses this year?”

Two Crowe Horwath Execs named on IAB’s Global Accountancy Power 50 2014 list

Crowe Horwath International CE Kevin McGrath and Yang Jiantao are named to IAB’s Global Accountancy Power 50 list. Each year, the International Accounting Bulletin (IAB) and its sister title The Accountant produce a list of the 50 most powerful people in the profession as chosen by subscribers and the team at the IAB and TA. … Continue reading “Two Crowe Horwath Execs named on IAB’s Global Accountancy Power 50 2014 list”

Recent tribunal cases and what we should learn

Two recent tribunal cases are worth mentioning this week one for its frivolity and ballsiness and the other illustrates the fight you are up against to displace the Commissioner’s default assessments. The first case involved a Peter Paalvast and a Mr Phillip Atkinson who, when presented with a statement of account from the ATO for … Continue reading “Recent tribunal cases and what we should learn”

Possible CGT implications when a family member passes

When Kirsty’s Dad died, he left the house to her mother, but the holiday home (purchased in 1990) was left to his three kids. However, Kirsty’s mum was granted a life interest in the holiday home. Today I’ll explain what the tax consequences are when her mum dies, and the kids inherit the holiday home. … Continue reading “Possible CGT implications when a family member passes”

Buying a business

Apportion or not apportion Nathan asks: I am buying a business and my solicitor has told me that the contract should list the value of each asset of the business, but my accountant has told I should not. What is the big deal and what should I do? The conflicting views are generally taxation driven … Continue reading “Buying a business”

Have you heard about the Financial System Inquiry Report?

Financial System Inquiry Report: Whats it all about? There has been a lot of media coverage lately about changes to tax coming from the Financial System Inquiry Report, including getting rid of negative gearing, and I’ve received a lot of enquiry around “what is the start date for these rules”? So, what is the Financial … Continue reading “Have you heard about the Financial System Inquiry Report?”

Your guide to better business management strategies

Your guide to better business management strategies The current economic environment is challenging. A mixed speed Australian economy and an uncertain global outlook places significant pressure on business and means they may be experiencing less activity, reduced margins and profitability; tighter cash flow and increased competition. Crowe Horwath has prepared How to survive and thrive … Continue reading “Your guide to better business management strategies”

image_pdfimage_print