by Garry Wolnarek | 1 Dec 2014 | Small Business
No doubt you view your website as an asset to your business bringing in leads, opportunities and reinforcing or establishing your brand to your target market. The cost in creating, running and maintaining a website can vary greatly. From a tax point of view, the...
by Garry Wolnarek | 20 Nov 2014 | Small Business
If you have a family trust that will distribute the net profit to beneficiaries for the 2014 financial year, you need to create and sign a trust resolution by the 30th June 2014. A Trust Resolution is a statement of intention to distribute the profits to the...
by Garry Wolnarek | 20 Nov 2014 | Small Business
Bitcoin- is it safe to use in business transactions and what are the tax implications? Bitcoin is a virtual currency with its usage increasing worldwide. Tax authorities around the world including the ATO are considering how to assess Bitcoin transactions. What is...
by Garry Wolnarek | 27 Oct 2014 | General, Property Taxation, Small Business, Tax Planning
A client was wondering how to treat the GST, on a typical example – Buys a house from a person not registered for GST for $300,000 Does the renovations at the cost of $55,000 Claims the $5,000 GST, then sells the property for $410,000 Question – Is GST Payable on the...