Selling a business? Don’t forget about tax

It can take many years and a lot of hard work to build a successful small business. When you finally decide it’s time to sell, tax is often the last thing on your mind. Yet it can have a big impact on how much of the sale price you get to keep – Read more

Car expenses on the ATO radar

With almost 4 million Australians making work-related car expense claims, the Australian Tax Office (ATO) has the practice in its headlights. Not only are they on the lookout for people wrongly claiming, but they are also armed with enhanced technology to check these claims. Read more

Commonly missed deductions

Depreciation is a complex area, so unless you’re a specialist quantity surveyor or a qualified tax accountant, it can be hard to understand. Read more

Power imbalance between car dealers and manufacturers in review

Automotive dealers are calling on the federal government to step in to address a power imbalance between large car manufacturers and independent auto retailers amid concern businesses are resorting to desperate measures to stay afloat. Read more

AFS celebrates business milestone with VCCI

Graeme Stewart, Kate Mannix, David Richardson

AFS Partner Graeme Stewart, AFS Chief Executive Officer Kate Mannix, Victorian Chamber Board Member David Richardson

AFS recently celebrated a large milestone in business. Read more

Client Update – February 2019

Happy New Year to all our valued clients and friends! We wish you and your families a happy and prosperous 2019. Read more

Business calculator claiming

Attention employers: tax changes for company cars

Given the significant changes to how the Australian Taxation Office (ATO) is now assessing travel in utes, Fringe Benefits Tax (FBT) may now be applicable where it previously wasn’t. Read more

tax and your website

Tax and your website: what can you claim?

When running a website it can be difficult to determine what you can claim upfront as a tax deduction and what you need to depreciate over time. It’s important to understand the tax implications if you are planning to launch a new website or refreshing an existing one.
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Unknown future for Luxury Car Tax

Motor vehicle companies are predicting the Luxury Car Tax (LCT) will be abolished within the next two to three years, making a number of cars on the Australian market more affordable. Read more

Client Update – December 2018

Summer is upon us and December arrived with bush fires in Queensland and flooding rains in NSW. Our best wishes go out to all those affected as well as our brave emergency services workers. Read more