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Warning – Investing in Private Companies

Over the past few months we have seen a number of investment issues, and we therefore felt that it was timely to publish a reminder of issues that can arise in this area. If you are considering entering into an investment into a private company, it’s worth bearing in mind that there are more than […]

Knowing and Retaining the Value in Your Business

What do large organisations look for when acquiring businesses? Generally large organisations are already profitable businesses. However they generally look to acquire businesses because the acquisition will either increase growth more rapidly than organic growth within their business or provide new product or service offering they are unable to offer. So what do these purchasers […]

Qantas GST Headache – What is a taxable supply?

GST is only levied on “taxable supplies”. The difficulty in determining what is a taxable supply is illustrated by a recent Qantas case. The case involved $26.5m in forfeited air fares over three years. GST on this amount was over $7.6 million. When people book and prepay for flights, they are often entitled to a [...]

How to use the PPSA to protect money you are owed

You should have heard about the Personal Property Securities Act (PPSA) by now.   And if you are a supplier, and you use retention of title arrangements, then hopefully you’ve heard of purchaser money security interests, or PMSIs, by now too. If you haven’t yet, here’s a timely article to get you up to speed. It’s [...]

Overseas jaunts: Tax Office review of conference expenses

Do you ever go on overseas training conferences?  How about a seminar on a cruise ship?  Take care!  The Tax Office is scrutinising claims made for training expenses that seem to “coincide” with a holiday, and especially those for self-study, so read on to be on top of these issues. To claim a tax deduction, [...]

The risks lurking in your “inbox”

How many of us have been involved in, or heard about, some sort of email disaster…? An accidental use of  REPLY ALL. An unintended REPLY rather than FORWARD. Or even just  a “heat of the moment” reply that was too easy to send before waiting for rational thought processes to return! Emails are seen as [...]

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