ARTICLES

Looking for information on the main accounting and tax issues for small and medium businesses?

Here you’ll find regular updates on informative and interesting pieces on these topics. Our articles cover both Australian-specific topics and accounting issues for businesses wanting to do business in Australia; there are also articles to help Australian businesses expand overseas.

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Beware if you have Foreign Beneficiaries of your Will!
Beware if you have Foreign Beneficiaries of your Will!
Capital Gains Tax (CGT) generally doesn’t arise where assets pass to beneficiaries through a deceased estate.  One of the exceptions to this rule is when an asset passes to a tax-advantaged e...
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How to plan the sale of your Business to ensure you access the CGT Small Business Concessions
How to plan the sale of your Business to ensure you access the CGT Small Business Concessions
You have probably heard of the CGT Small Business Concessions (SBC), but do you know what you have to do to be able to access them? The legislation behind the SBC is very strict and requires detail...
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What Capital Gains Tax will my family have to pay once I’m gone?
What Capital Gains Tax will my family have to pay once I’m gone?
Capital Gains Tax (CGT) is not payable as a result of your death, but your beneficiaries pay CGT if it is applicable, when they sell the assets they have inherited. They inherit your cost base if y...
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EARNOUT ARRANGEMENTS ON SELLING YOUR BUSINESS – FINALLY SOME GUIDANCE FROM THE ATO
EARNOUT ARRANGEMENTS ON SELLING YOUR BUSINESS – FINALLY SOME GUIDANCE FROM THE ATO
It’s been 5 years in the making, but Treasury has released exposure draft legislation to implement look-through CGT treatment for the sale and purchase of businesses involving “earnout rights”. It...
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CGT concessions available to small businesses
CGT concessions available to small businesses
On 21 September 1999 the tax office brought in measures to assist the small business community and effectively provide concessions on the amount of Capital Gains Tax (CGT) payable on the sale of a ...
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