tax

Court Ruling on CGT Concession Affects Small Businesses

Court Ruling on CGT Concession Affects Small Businesses

A federal court in Australia recently issued a ruling that would affect how small businesses can avail of the new capital gains tax or CGT concession.  The business owner used an adjacent property as a shed to house tools and equipment. The business owner uses the tools and equipment in his bricklaying …

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4 Tax Changes Affecting Business Owners This 2020

4 Tax Changes Affecting Business Owners This 2020

Businesses must plan this year’s tax payments early, according to Susan Franks, a senior tax advocate at Chartered Accountants Australia and New Zealand (CA ANZ), pointing out four core tax changes that she said may “get lost on busy business owners.” If you don’t have your ducks in a row and …

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