business Bringing in a Business Partner: Accounting, Tax and Structure Questions to Consider Bringing in another owner is more than agreeing on a percentage. Clarify what they will contribute, what they will own and how the arrangement will work before making commitments.
business Buying a Business: Financial and Tax Questions Before You Commit The asking price is only part of an acquisition. Understand what you would buy, whether the earnings reflect your operating costs and what funding is needed beyond settlement.
business Changing Accountants: What to Consider Before Making the Move Changing accountants starts with understanding what your business needs. Assess the proposed relationship and resolve continuity questions before deciding to move.
tax What Is Personal Services Income? When Business Owners Should Seek Advice Personal services income mainly rewards an individual’s efforts or skills. Identifying it is different from deciding whether the PSI rules apply to the business’s arrangements.
business Partnership vs Company: Key Differences for Australian Business Owners A partnership and a company create different relationships between owners, assets, profits and responsibilities. The appropriate arrangement depends on how the business will operate.
business Moving from a Trust to a Company: What Business Owners Need to Consider Moving a business from a trust to a company is not a routine upgrade. Start with the reason for the change, who will own the company and what the transition would involve.
business Tax Planning Before 30 June: Questions Worth Raising Early A useful tax planning discussion considers the expected result, cash requirements and decisions ahead. It is not simply a search for expenditure before the financial year ends.
business Better Business Records: Why They Matter Beyond Tax Time Business records should help you assess commitments during the year, not just prepare a return. Their usefulness depends on currency, completeness and the context behind the figures.
news What Should an Annual Accounting Relationship Cover? An annual accounting relationship should make responsibilities clear. The services available, the work included and the support provided during the year are separate questions.
