Businesses with tax debts need to be aware that the ATO will now be able to disclose tax debts to credit rating agencies, which could potentially affect the ability of the business to obtain finance or refinancing and existing debt.
Many businesses close during December and/or January for a well deserved Christmas break. If you are Single Touch Payroll (STP) reporting, you may still need to lodge payroll information despite your closure. Some workarounds are within.
Running a business and managing employees and cash flow can be tough for business owners. Struggles to meet their super guarantee obligations is often added on top of that. A bill has now been introduced to allow employers to self-correct any errors without penalty.
Whether you own just a few listed shares or have an extensive portfolio, understanding how Capital Gains Tax (CGT) applies when you sell your shares can help you plan your trades effectively.
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