Neil Marshall Tax and Business Advice Pty Ltd is a CPA practice
Focus requires control. Control of distractions, thoughts and, most importantly, your time. Consider the following tips to improve your focus and concentration in your workday: Tune out distractionsIdentify your biggest distractions and plan to minimise or eliminate them while you are working on a task. This may include closing your emails, hiding your phone and…
Self-managed super funds can carry on a business providing the business is allowed under the trust deed and operated for the sole purpose of providing retirement benefits for fund members. Carrying on a business through an SMSF does have restrictions that other businesses do not have, such as entering into credit arrangements or having overdrafts.…
The small business income tax offset can help reduce the tax small businesses pay on business income by up to $1,000. This offset is available from the 2015-16 income year onwards. Small businesses with an aggregated turnover less than $5 million can access the concession from the 2016-17 income year. Business income derived by another…