Brealey Quill Kenny Blogs

ATO Targeting Specific Deductions

The Australian Taxation Office (ATO) has decided to change its usual tactic of targeting specific professions and is now targeting specific deductions. In the 2014 tax season, the areas of deductions targeted are going to be focusing on: overnight travel; transporting bulky tools and equipment; and work-related proportion of use for computers, phones and other...
Read More

What Should A Business Do In Relation To The PPSA?

There’s no doubt that, in the first instance, you should be talking to your commercial solicitor, to ensure the ‘Retention of Title’ clauses, which you are utilising in your business, have been appropriately drafted after 31 January 2012, to comply with the PPSA. Businesses also need ‘Terms of Trade Agreements’ prepared, to comply with the...
Read More

Purchasing A Business

If you’re contemplating starting a new business in this current environment, you need to ensure you’ve done your homework first. Research the business and the market you’re trying to serve. Have a closer look at the competitors to the type of business that you will be operating. Have you thought about all of the aspects...
Read More

Everyone Has 1,440 Minutes A Day

Time is one of those things which cannot be expanded, however it can be better managed. Every one of us has 24 hours or 1,440 minutes per day. Some business people are better managers of their time than others. Business people need to allocate the number of hours per day that they are prepared to...
Read More

Conditions Are ‘Confidence Sapping’

There is a lot of uncertainty at present, caused by: the world political events (Middle East, Ukraine, Iraq). the slow-down in the Chinese market. the problems the Australian government is having with its budget being passed by the Senate. interest rates will probably remain low for the immediate future. However, there is speculation that the...
Read More

Self Managed Super Fund tax and accounting services, Perth

A SMSF is independently established and controlled by an individual. This means that you are personally responsible for complying with legal requirements as the trustee of your SMSF. It is a way for saving for your own retirement, and rather than just being a member of a super fund, you are also the trustee – which...
Read More
Read More