by Peter McCarthy | Jan 9, 2021 | Business Management
Interest is a common deduction claimed by taxpayers. Generally, interest is seen as inherently deductible where it is incurred in gaining or producing assessable income. An established factor from court cases is that the deductibility of interest depends on the...
by Peter McCarthy | Jan 2, 2021 | Business Management
The last Federal Budget included several tax changes designed to assist the Australian economy in recovering from the impact of the COVID-19 pandemic. The changes announced were the temporary re-introduction of the loss carry-back rules for corporate tax entities (it...
by Peter McCarthy | Dec 30, 2020 | Business Management
Scammers never seem to rest, with even the latest JobKeeper scheme coming in for some scam treatment. In a new update, the ATO reports receiving reports of email scams about JobKeeper and backing business investment claims. “The fake emails say we’re...
by Peter McCarthy | Dec 23, 2020 | Accounting
Congratulations everyone, we made it this far. Christmas and 2021 are just around the corner. Winston Churchill said “If you’re going through hell, keep going”, so by 2020 standards, even just making it this far is an achievement. Being born and...
by Peter McCarthy | Dec 19, 2020 | Business Management
The future of your family business may seem like a problem for tomorrow or sometime next decade, but forward-thinking business owners know they need to plan for the future today. The steps you take now to prepare your company for the next generation will go a long way...
