Wine Equalisation Tax now in place

If you produce wine, sell wine by wholesale or import wine into Australia, you may have to account for Wine Equalisation Tax (WET). Read more

The business lifecycle: from the eyes of an advisor

A business can go through many phases during its life. From start up to succession planning, it’s important to have a trusted advisor to assist when the time is right. Read more

Commercial leases: tips and traps

As your small business grows, the day may come when it’s time to move from your garage or home office to a more visible presence in a shopping strip or office. But there are significant differences between residential and commercial leases Read more

Tax relief for start ups

Start up expenses

Most new businesses face some hefty start up expenses to get their big idea up and running, so an immediate tax deduction can be a real help. For example, Read more

The FBT Grinch that stole Christmas

With Christmas carols and decorations up in every shopping centre, you know the festive season is here. That means it’s time to celebrate another year of hard work with your colleagues by taking time out to have a little fun. Read more

Tax Alert December 2017

Employers on notice over SG payments

Employers who fail to pay their employees’ super on time are likely to find themselves on the receiving end of some unwelcome attention after the tax office was given more resources. Here’s a roundup of the latest tax news: Read more

Making the most of redundancy

Redundancy can come as a shock but it can also present you with opportunities to take advantage of when you appropriately plan and understand the tax implications. A redundancy payment consists of money in lieu of notice and an incentive payment generally based on years of service and can vary depending on company policy. Read more

AFS helping to cut government red tape

In November our Business Services Partner Damien Palmer and Senior Manager at Shannon Burdeu met with Matthew Butlin, the Red Tape Commissioner. Read more

Regulating crowdfunding

On 29 September, 2017 crowdfunding came of age in Australia. That was the day the Australian Securities and Investments Commission (ASIC) introduced a new crowd sourced funding (CSF) regime modelled on those already operating in the US, UK, New Zealand and Singapore. Read more

Backyard building boom

The tax implications of redeveloping your property

With house prices rising and well located land becoming scarce in cities, many Australians are looking for creative ways to tap into the value of their own backyard. Some subdivide, while others take the knock down and rebuild route. Read more