ATO’s new crackdown on Discretionary Trusts
The ATO has just updated its guidance around trust distributions made to adult children,
corporate beneficiaries and entities that are carrying losses. Depending on the structure of these
arrangements, there is a potential that the ATO may take an unfavourable view on what were previously
understood to be legitimate arrangements.
FBT year-end checklist
March 31 marks the end of the
Record keeping
Keeping good business records is important for a number of reasons. It assists you to:
■ comply with your tax and superannuation obligations
■ gain a greater insight into the financial health of your business, enabling you to make informed decisions
■ manage your cashflow
■ demonstrate your financial position to prospective nlenders, and also potential buyers of your business.
Cashflow forecasts
Now more than ever businesses should consider preparing cashflow
forecasts.
On-boarding new employees - TAX ACCOUNTANTS BUNDOORA
With Australia now opening back up after the COVID restrictions, unemployment is tipped to fall to the lowest rate in just over 50 years – down to under 4%
Our Management Credentials
