by Swot Accoountants | Jul 1, 2021 | Business News, Business Training, Coronavirus (COVID-19)
In their latest report, the Australian Competition and Consumer Commission (ACCC) reported more than $851 million were lost in scams by Australians in 2020. Here is a breakdown of the reported scams: $328 million lost in investment scams. $131 million lost in romance...
by Swot Accoountants | Jun 1, 2021 | Business News, Capital Gains Tax (CGT), Tax & Compliance
More than 600,000 Australians have purchased cryptocurrency assets in recent years, and undeniably many of them need some advice as we head towards tax time. While the Australian Taxation Office (ATO) has been watching cryptocurrency for years, their data analysis...
by Swot Accoountants | May 12, 2021 | Business News, Tax & Compliance
*Please note – Many of the announced measures will require changes to the law before they can be administered on behalf of the Australian Government. Personal Tax Rates – there are no changes to the personal income tax rates. The next stage of personal income tax cuts...
by Swot Accoountants | Apr 21, 2021 | Business News, Business Training
Are you thinking of buying or starting a new business? Do you want to avoid the hidden traps that can potentially cost you hundreds of thousands of dollars? Get a FREE 30-minute consultation before starting or buying a business to learn some of the proven tips and...
by Swot Accoountants | Mar 7, 2021 | Business News, Fringe Benefit Tax (FBT), Tax & Compliance
Car Fringe Benefits Tax (FBT) is a tax on fringe benefits provided to employees, including company directors (even if no director fees are paid to that director). If a business owns a car and that car is available to an employee for their private use, that employee...
by Swot Accoountants | Feb 23, 2021 | Business News, Business Training, Companies & Trusts, Tax & Compliance
Buying an established business can have many advantages, especially a business that has a solid positive business history. However, established businesses can also have many disadvantages, like bad financial history or poor reputation. There are steps you can take and...
