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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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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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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