AFS NEWS | Your partners in success

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 –

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.

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.

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.

AFS celebrates business milestone with VCCI

AFS recently celebrated a large milestone in business.

Proposed changes for negative gearing and Capital Gains Tax

Negative gearing is set to be a key issue in the upcoming federal election. If elected, Labor intends to reform the practice with the aim of improving housing affordability. The Coalition intends to leave negative gearing as is. But what is negative gearing, how does it work and what exactly are the changes Labor has […]