With the introduction of the new AASB 16 Leases, lessees are now required to account for the assets and liabilities from operating leases, changing the balance sheet forever. After a…
Read morePrecision needed to meet CGT on small business concession rules
For small businesses selling their business assets, generous CGT concessions may reduce their capital gain and also boost their super.But strict rules apply. Capital gains tax (CGT) concessions can create…
Read moreAre you declaring your “odd jobs” income from gig economy sites?
Have you ever considered joining a site like Airtasker to make some extra cash? If so, you’ll need to keep the ATO happy. Here, we explain the tax issues that arise…
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