While I don’t disagree with the Australian government’s decision to allow people to take out $10,000 one year and $10,000 the next due to Covid-19 – I do not view it as a lifeline.
I view it as having a massive night out – but the hangover could last the rest of your life.
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If you are selling your professional practice or firm (such as a financial planner, insurance broker, mortgage broker, accountant or bookkeeper or anyone else) a question that may come up is whether you need to include your premises in the sale for the sale to be a GST Free Going Concern sale. The answer […]
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14 December 2020 – Please note – this is an ‘evolving’ page and may change in the future as more information comes to light. Want the final say? Book a call with Scott Kay www.calendly.com/ipas Qoin is a Cyrptocurrency that has been launched by Bartercard. When I originally posted this article on 13 July […]
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In this article, I go through the considerations for closing your business and whether you should sell it. Firstly – it isn’t failure to decide your business isn’t helping you meet your goals and joining someone elses (whether as a employee or as a merger). Should I keep my business running? Just as […]
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Many real estate investors are “accidental” investors that haven’t received a full property investment education. Many tax accountants don’t strongly recommend depreciation schedules enough. Even depreciation schedule providers don’t recommend them strongly enough. I have a client that was denied by 2 separate providers that a schedule would be worthwhile. I then called my guy […]
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If you are expecting to earn less than $75,000 in the next 12 months (i.e. $6,250 or less this month and $6,250 for the next 11 months), then you could deregister for GST. (Note if you are expecting to be more than this then you should register if you haven’t already). The 4 minute […]
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