For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. But what is your business really worth and what sets a high value business apart?

Corporate Secretarial, Business Development, Financial Accounting, InvestmentJPR BUSINESS GROUP9 April 2024business for sale, business valuation

Looking to start a business? Loans to get you started

It’s not uncommon for business owners to pour their money into a business to get it up and running and to sustain it until it can survive on its own. A recent case highlights the dangers of taking money out of a company without carefully considering the tax implications.

Business Development, Financial Accounting, New Business, TaxationJPR BUSINESS GROUP4 March 2024taxation, small business, start up

Contractor or Employee

Just because an agreement states that a worker is an independent contractor, this does not mean that they are a contractor for tax and superannuation purposes, new guidance from the ATO warns.

Business Development, Corporate Secretarial, Financial AccountingJPR BUSINESS GROUP17 January 2024employment law, contractor, employment

The Key Influences of 2024

Uncertainty has reigned over the last few years, but can we expect more consistency as we head into 2024? We explore some of the key issues and influences.

Business Development, Superannuation, Taxation, New BusinessJPR BUSINESS GROUP4 December 2023Taxation, superanuation, business

$20k deduction for 'electrifying' your business

Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We show you how to maximise the deduction!

Business Development, Corporate Secretarial, TaxationJPR BUSINESS GROUP5 October 2023business, business deductions, small business, energy incentive

The Billion Dollar TikTok Scandal

$1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100 arrests to date. How did the TikTok tax scandal get out of control?

Business Development, Corporate Secretarial, Financial Accounting, TaxationJPR BUSINESS GROUP8 September 2023scam, tiktok, tax, ato

Succession and family business: how do you take it to the next gen?

For generational succession to succeed, even if that succession is the sale of the business and the management of the sale proceeds for the benefit of the family, communication is essential. Where generational succession fails, it is often because succession has not been formalised until a catalyst event or retirement planning requires it.

New Business, Business Development, Corporate SecretarialJPR BUSINESS GROUP3 August 2023family business, succession planning

What sharing platforms are sharing with the ATO

From 1 July 2023, a new reporting regime will require platforms that enable taxi services including ride sourcing, and short-term accommodation to report their transactions to the ATO each year. From 1 July 2024, the regime will expand to include all other platforms.

Business Development, Corporate Secretarial, Financial AccountingJPR BUSINESS GROUP14 April 2023Taxation, ATO, australian tax office

Selling a business? The pros and cons of earn-out clauses

Business transactions often include earn-out clauses where the vendors ‘earn’ part of the purchase price based on the performance of the business post the transaction. Typically, an earn-out will run for a period of one to three years post transaction date.

Business Development, Corporate Secretarial, Financial AccountingJPR BUSINESS GROUP6 April 2023business growth, tax

What's the deal with working from home?

The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home.

Business Development, TaxationJPR BUSINESS GROUP24 February 2023working from home, work from home, workplace relations, taxation