As seen in Woopi News July 2024 Starting a new business can be both exciting and nerve racking at the same time but too often people forget a few important steps. If you wish to trade under a business name, it’s a requirement that it be registered with ASIC. Too often...
As seen in Woopi News June 2024 While some Budget announcements apply immediately, it’s important to remember that not all announcements can be relied upon as they may require legislated to be passed. Individuals The budget confirmed the reductions in the individual...
As seen in Woopi News May 2024 As we approach the end of financial year, people tend to start thinking about ways to save tax but as I say every year, if you don’t need it, don’t buy it just to save tax. If you spend $100 and claim that item, you are not getting the...
To barter or trade products or services may seem like a good idea at first, but there is a minefield of reasons why business owners should avoid bartering.
There has been a lot of media coverage of late regarding the changes to the tax cuts that were to take effect from 1st July 2024 and some media reports have given the impression that high income earners are worse off.
Over the last 12 months many Sole Trader ABNs have been cancelled without prior notice. Generally, this is because the ABN holder hasn’t included business income in their Individual Tax Return for a few years.
Did you know that your Superannuation doesn’t automatically form part of your estate when you die? It is important to nominate who you want to receive your Superannuation; this is generally your spouse or children, but not always.