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.
business When Business Ownership Changes: The Financial Matters Worth Considering Early An ownership change involves more than updating names or percentages. Clarify what is changing hands, how payments will be funded and which responsibilities will continue.
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.
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.
business Selling a Business or Commercial Property: Why Tax Planning Should Start Early The sale price is not necessarily what you will have available personally. Early tax planning helps clarify the transaction, its timing and the proceeds you can realistically expect.
business Preparing Your Business for Finance: What a Lender May Need to See Finance preparation starts with an accurate picture of the business and a clear borrowing purpose. Historical results, current records and realistic forecasts each have a role.
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 When Is It Time to Review Your Business Structure? A structure review should start with what has changed in your business, not a preferred entity type. Ownership, new activities and future plans are useful starting points.
business Buying Commercial Property for Your Business: Accounting and Tax Questions to Consider Buying premises and choosing who should own them are separate decisions. Consider the commercial purpose, funding, GST and ongoing responsibilities while key terms remain open.
