AFS NEWS | Your partners in success

Client update | April 2019

On the global front, growing concerns about a slowdown in economic growth preoccupied financial markets in March. The US Federal Reserve now forecasts no rate rises in 2019 instead of the two it previously planned. US 10 year government bond yields fell below three month yields on the news. This ‘inverted’ yield curve is viewed by […]

2019-2020 Federal Budget – Highlights

The 2019-2020 Federal Budget (Budget) has been delivered with Treasurer Josh Frydenburg announcing a ‘back in the black’ Budget, supporting a stronger economy and secure future for Australia.

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.