by Garry Wolnarek | 29 Oct 2016 | General
Travel to a workplace: what’s in, what’s out A recurrent topic of inquiry when it comes to possible tax deductions is when taxpayers travel to a work location, and the eligibility or otherwise of certain claims for that travel. We unravel the complexities....
by Garry Wolnarek | 29 Aug 2016 | General, Small Business, Tax Planning
Gumboots? check, Akubra? check, Tax status?…… Hobby Farming It is true that small rural landholders may be pursuing “lifestyle” dividends rather than a genuine livelihood, but the options to claim the tax concessions for bona fide primary...
by Garry Wolnarek | 28 Apr 2016 | General, Small Business
Using Business Assets Personally While your business might own some tempting assets, be careful when making use of these for your personal enjoyment, as this could trigger a tax liability. Changing Business Structure And if you are considering changing the structure...
by Garry Wolnarek | 7 Mar 2016 | General
Employers: Beware of FBT on “The arranger provisions”! It is generally understood that for fringe benefits tax (FBT) to apply, the benefits paid are usually in respect of an employment relationship. The Arranger Provisions The FBT law provides that an...
by Garry Wolnarek | 29 Jan 2016 | General, Small Business, Tax Planning
BACKGROUND Our client operated a long standing family business supplying and manufacturing fiberglass swimming pools. The business ran into cash flow difficulties due to complications on a large project at low margin. Over an 8 month period trade creditors blew out...
by Garry Wolnarek | 19 Sep 2015 | Accounting / Bookkeeping, General, Small Business
Business is profitable on paper, however there’s No cash flow? No money? Need to make more money? Virtually every business owner asks how can I get more cash for my small business. There are a few reasons that small businesses struggle with cash flow. Bad Loan...
