It’s common for business owners to utilise company resources for their personal use. The business is often such a part of their life that
the line distinguishing ‘the business’ from their life can be blurred.
While there are tax laws preventing individuals accessing profits or assets of the company in a tax-free manner, mistakes are being made
and the Australian Taxation Office (ATO) has had enough.
The ATO has launched a new
education
campaign
to raise awareness of these common problems and the serious tax consequences that can arise.
It’s important to know your chances of success before applying which is where a finance adviser can really help.
New warehouses on the back of rising interest rates, new construction is expected to rebound as tenant pre-commitments firm up and demand rises.
Despite electric vehicles growing in popularity there is still a need for traditional service stations, according to an expert.
Budget 2024-25 is a pre-election budget for the people with everyone getting a little something to ease cost of living pressures. For business, there is the extension of the $20k instant asset write-off again.
Secured business loans play an important role in supporting small business owners.