Blogs
That your business becomes as profitable as it can be (on a cash basis). Profit pays debt, profit drives the business forward and profit gives you the reward for all your hard work.
The tax office and a specialist behavioural economical research unit within the federal government used a randomised trial to target 2000 tax agents, specifically naming individuals lodging higher than expected work-related expenses claimed in a letter.
There is always changes and new legislation buried down inside a federal budget. The changes the press don’t see or report. But there is a real change in regard to drawings from a company and it’s dramatic.
I have been talking with our team of accountants – and most of them are telling me that they can’t remember when they last saw an audit – apart from a superannuation audit.
Are only high interest rates offered when you are borrowing your way out of a business problem?
Your Business Angels has been operating accounting businesses and tax services from our accounting business for over 15 years. It seemed logical, that once we helped a client with a business turnaround, then we stayed to help their business move forward aand survive in what is always a difficult business environment.
There are 2 main problems that exist with businesses and the tax department.
When the Australian Taxation Office sends you anything court related, the action will appear on a court list.
Getting the accounts completed means the pressure is gone from the ATO.