Epoch News
How to sell your business
I'm often asked the best way to sell a business. There are two key components at play in the sale of a business: structuring the transaction and positioning the business to the market. Both elements are critical and can significantly impact your result. Structuring...
Register your .au domain
23:59 UTC on 20 September 2022 is the cut-off time and date to register for your .au web address. The new .au domain is a general-purpose, shorter Australian domain name option. If you do not register the .au equivalent of your existing domain, you risk someone else...
Can I claim my crypto losses?
The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. The first point to understand is that gains and losses from crypto are only reported in your tax return when you dispose of it - you sell it, convert it to fiat...
Can I claim my crypto losses?
The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. The first point to understand is that gains and losses from crypto are only reported in your tax return when you dispose of it - you sell it, convert it to fiat...
How high will interest rates go?
The RBA lifted the cash rate to 1.85% in early August 2022. The increase comes a few weeks after Reserve Bank Governor Philip Lowe told the Australian Strategic Business Forum that "… we're going through a process now of steadily increasing interest rates, and there's...
FBT-free electric cars
New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. I explore who can access the concession and how. Electric vehicles (EV) represent just under 2% of the new car market in Australia, but it is a rapidly growing sector with...
FBT-free electric cars
New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. I explore who can access the concession and how. Electric vehicles (EV) represent just under 2% of the new car market in Australia, but it is a rapidly growing sector with...
What changed on 1 July
A reminder of what changed on 1 July 2022 Business Superannuation guarantee increased to 10.5%$450 super guarantee threshold removed for employees aged 18 and over Lower small business GST and PAYG tax instalments. The total tax liability remains the same....
Tax and the family home
Everyone knows you don’t pay tax on your family home when you sell it…right? I take a closer look at the main residence exemption that excludes your home from capital gains tax and the triggers that reduce or exclude that exemption. Capital gains tax (CGT) applies to...
Tax time targets
The ATO has flagged four priority areas where people are making mistakes this tax season. With tax season almost upon us, the Australian Taxation Office (ATO) has revealed its four areas of focus this tax season. 1. Record-keeping2. Work-related...