Tax Returns Tax Returns Have you lodged your 2015 tax return? Do you have a registered tax agent? Did you know that registered tax agents are the only people allowed to charge a fee to prepare and lodge your tax return? As Bottrell Business Consultants are registered tax agents we have special lodgment schedules and can […]
The Benefits of Creating a Financial Plan for Your Business
Financial planning is an essential aspect of managing a successful business. It provides a roadmap for achieving financial goals, managing resources effectively, and ensuring long-term sustainability. By creating a well-structured financial plan, businesses can effectively navigate through various economic scenarios and make informed decisions that contribute to their overall success. This article will explore into […]
Key Considerations for Starting a Business in Australia
Key Considerations for Starting a Business in Australia Starting a business in Australia can be an exciting and rewarding experience. However, it can also be a complex and challenging process, especially if you are not familiar with the legal and regulatory requirements involved. In this article, we will outline some of the key considerations […]
Most Common Legal Firm Business Structure Types
When planning to put up a business, it is important to know first the various legal business structure types and their salient features. Researching about it will serve as a useful guide in choosing the right structure that is best suitable for your business needs and possible demands in the future. It is worthy to […]
Tax Returns
Tax Returns Tax Returns Have you lodged your 2015 tax return? Do you have a registered tax agent? Did you know that registered tax agents are the only people allowed to charge a fee to prepare and lodge your tax return? As Bottrell Business Consultants are registered tax agents we have special lodgment schedules and can […]
Port Macquarie man convicted and fined
Port Macquarie man convicted and fined Following an ASIC investigation, a Port Macquarie man has been convicted and fined for managing a company while he was a bankrupt. Grant John Hives pleaded guilty in the Port Macquarie Local Court to managing T H Tippers Pty Ltd, a civil excavation and haulage company, while he was […]
Decision in Mariner civil action
Decision in Mariner civil action ASIC notes the Federal Court’s decision in its legal action against Mariner Corporation Limited and its current and former directors. On 19 June 2015, the court found the company had not breached the law and its directors had not breached their duties when making a proposed takeover bid for financial […]
Early ATO warning – franked distributions funded by capital raisings
Early ATO warning – franked distributions funded by capital raisings The ATO is considering its position on the recent transactions of some public companies involving franked distributions (by way of special dividends or otherwise) which are funded by equity raisings. We have some concerns about these types of arrangements and a taxpayer alert will be […]
How to Register a New Business
How to Register a New Business When setting up a new business it will need to be registered. In order to get the Australian business number to allow you to trade, you can go online to the Australian Business register and find out what you will have to do. This is also the process if […]
Director penalty regime – guide for directors
Director penalty regime – guide for directors Under the pay as you go (PAYG) withholding system, the Income Tax Assessment Act 1997 (ITAA) requires companies to withhold money from wages to meet employees’ tax liabilities to the Australian Taxation Office (ATO). Companies are also required to pay a superannuation guarantee charge (SGC) under the Superannuation […]
Insolvency
Insolvency Insolvency is a term that can apply to either an individual or a business, but is more often used in relation to a business or company. A business is said to be insolvent when it cannot pay its debts when they are due. It is an offence if the directors continue to operate and […]
Changing your legal structure to a company or trust
Changing your legal structure to a company or trust Just because a business starts off being operated as a sole trader it does not mean it has to stay that way. As long as the decision to change the type of entity that owns the business is not made purely on income tax saving grounds, […]
Branson Speaks on Qantas
Branson Speaks on Qantas Sir Richard Charles Nicholas Branson, KBE is an English businessman and investor. He is best known as the founder of Virgin Group, which comprises more than 400 companies. Mr Branson Speaks on Qantas, whose Virgin Group maintains a 10 per cent stake in Qantas rival Virgin Australia Holdings, said Mr […]
Loss carry back measures
Loss carry back measures Confirmation that the loss carry-back measures were finally passed by Parliament just days before 2012-13 ended, in a move to benefit more than 110,000 Australian companies. The loss carry-back law provides a company with the choice to carry back up to $1 million of losses against profits from a previous […]
