Understanding CGT Concessions When Selling Shares in a Company or Interest in a Trust
We understand the intricacies of running a business and the numerous decisions you need to make daily. One of these crucial decisions could be selling shares in your company or your interest in a trust. However, understanding the taxation implications, specifically the Capital Gains Tax (CGT) concessions, might seem like an uphill battle. But don’t […]
Optimising Your Tax Benefits: Integrating the Retirement Exemption and Other Small Business CGT Concessions
We know it can be a challenge to keep up with the ever-changing landscape of taxation, especially when you’re also managing the day-to-day operations of your business. Among these challenges is understanding the complexities of Capital Gains Tax (CGT), specifically the Small Business Capital Gains Tax (CGT) Concessions. It’s a topic that can often leave […]
Optimising Your Tax Benefits: Integrating the Retirement Exemption and Other Small Business CGT Concessions
Navigating the intricate landscape of taxes is an essential part of running your business, especially when it comes to Small Business Capital Gains Tax (CGT) Concessions. Today, our focus is the retirement exemption, a powerful tool in the world of small business taxation. Even more potent, however, is the potential to combine this exemption with […]
Demystifying Dividends: How are dividends from my business taxed?
Small and medium-sized business owners have a lot on their plate. Understanding how dividends from your business are taxed can be confusing. You’re not alone if you find the taxation of dividends complex. We understand your frustration when navigating the Australian Tax Office requirements. There are so many complexities around this topic, and you might […]
Tax Planning in Australia: Navigating the Maze
It’s a common sentiment: Tax planning is an intimidating maze, fraught with endless regulations, complex jargon, and fear of crossing the line into illegality. The frustration can be palpable. You may feel like your hard-earned revenue is eroded by an ocean of tax obligations. We understand the burdensome nature of tax planning and its challenges. […]
Japan Travel – Minimise Dead Time
Hey everyone, it’s Ryu from Impala Accountants. I’m currently filming from Pacific Long Beach in Japan, where I’ve come with my family to spend a month working and giving my kids a cultural experience. While we’ve only been here for three days, I want to share a little bit about what’s happened so far. It […]
How To Use KPI Effectively In Your Business
Are you struggling with implementing KPIs (Key Performance Indicators) in your business or looking to implement them for the first time? You’re in the right place. In this blog post, we will guide you on using KPIs effectively to identify performance issues, make positive changes, and drive your business forward. As a business owner or […]
Preparing Your Business For A Recession: 3 Simple Steps You Need To Take
As a business owner, it’s natural to worry about a recession or a slowdown in your industry and how it may affect your business. In the current economic climate, there are many pressures that businesses are facing, such as rising interest rates, increasing commodity costs, and staff shortages. However, burying your head in the sand […]
The Cost of Paying Superannuation Late
Are you worried about the consequences of paying your staff’s superannuation late? In this blog post, we’ll discuss the extra money, time, and reputation damage that can come from paying superannuation late. Let’s look at a couple of examples. Let’s say a company has a tax liability of $10,000 and pays it on time. When […]
Are You A Sole Trader And Paying Too Much Tax?
Are you a sole trader and feel you’re paying too much tax? If so, you’re not alone! We recently had a client who earned approximately $250,000 in taxable income and ended up with a tax bill of nearly $90,000. That’s a tremendous amount of money to pay in taxes, so we proposed restructuring their business […]