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Accountants and Business Advisers
26 08 2019
SSMG’s corporate culture is strongly influenced by a belief in the personal and community benefits of healthy active leisure pursuits.
The intent of the measure allowing the ATO to disclose such information is to support more informed decision-making within the business community and banking and finance industry, by making overdue tax debts more visible.
Fortunately, the alternative view of the future sees our country leveraging off our strong economic base, creating an economic and tax environment that stimulates.
It remains to be seen if the Reserve Bank of Australia's interest rate policy will be effective in delivering on this aim. What is certain, though, is that it is now becoming very difficult for conservative investors to earn a reasonable return on their cash and term deposits.
The phrases “Phoenixing”, “Phoenix Activity” and “Phoenixed” have become analogous terms in describing the deliberate winding up of a company in an attempt to avoid obligations to pay creditors whilst assets are generally shifted, free of liability, to a new entity that is established to operate the same or similar business as the one which was wound up.
Even if listing is not the best strategic option, there are many other avenues for strategic growth and/or to realise value.
Before investing in a large illiquid asset like real estate it is critical to consider your current and future SMSF cash flow needs.
Going into business is hard work. Most businesses start small but are wonderful for the economy. SMEs create innovative solutions to problems, care about service, pay their taxes and small business alone provides almost 4.8 million jobs for the community. Isn’t it fair that the rewards include more money and more free time for the owner?
You will no longer have to give your employees a payment summary for the information you've reported and finalised through Single Touch Payroll.
31 07 2019
Governance, culture and ethics have never been more relevant across Australian business. We have seen a growing lack of trust in institutions, in traditional structures and even in some cases in people’s success. Noting that the full title of the Hayne Royal Commission featured the word ‘misconduct’, ethical business practices and corporate governance really do matter for today’s Boards and management teams. These expectations mean that governance, risk and compliance efforts need to move beyond the traditional ‘tick the box’ approach.
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