When purchasing a business in Newcastle, Australia, it is vital to gather all relevant information from the vendor to make an informed decision. Information Required from the Vendor (Seller) Here is a list of information you should request from the vendor: Latest 3 Years Financial Statements: These should include the profit and loss […]
ATO targets advisers involved in offshore tax evasion
ATO targets advisers involved in offshore tax evasion the ATO says that as part of its focus on offshore tax evasion, it has: visited seven adviser firms linked to offshore arrangements; and contacted more than 100 parents who had school fees paid from, overseas bank accounts. It has compiled a list of 100 advisers and […]
Trusts’ compliance with anti-avoidance rules reviewed
Trusts’ compliance with anti-avoidance rules reviewed The ATO has announced that it is reviewing selected trusts’ compliance with sections 100AA and 100AB of the ITAA 1936. These anti-avoidance rules are designed to prevent trustees using tax-exempt entities to shelter the trust’s net income. Specifically, it is looking at situations where a tax exempt entity is […]
ATO correspondence
By Bottrell Group on February 5, 2016 in Hints & Tips, Interesting Articles, Motivation, Uncategorized
ATO correspondence Editor: The ATO has asked that we (and other professional associations) share the following information regarding their recently published guide on “Finding ATO correspondence”. This is no doubt thanks to the angst we (and others) have been passing on to them regarding how difficult it has become to keep track of these communications. […]
Becoming a Client
Becoming a Client Becoming a Client You have made the decision you want to move accountants and the next step is to work out if we are a good fit for you, and likewise that you are a good fit for us. We like to organise an appointment to get to know you and how we […]
Macquarie Investment Management to refund clients
Macquarie Investment Management to refund clients Macquarie Investment Management Limited (Macquarie) is due to refund over $5.5 million to around 2,300 clients affected by system errors. The errors occurred between 2001 and 2014, on a number of products using the Macquarie Wrap Platform. ASIC has been working with Macquarie to resolve this matter in the […]
5 tips to grow sales in your small business
5 tips to grow sales in your small business Sales drive a small business forward, but too often they’re a sideline rather than a focus. From owning and selling a small business to being CEO of a billion dollar company, I’ve seen sales from every angle. Here are my suggestions to grow sales by creating […]
NAB and Xero joining forces
NAB and Xero joining forces Australia’s big banks have been jostling for the title of the most technologically advanced institution, making big plays to get the edge. Australia’s third largest bank, NAB, is running its NextGen project which is complete overhaul of its legacy systems. CommBank is working with a number of startups and last […]
