Blog

Over the next decade, as the baby boomer bubble of small and medium sized business owners roll through the system, Australia will experience one the largest transfers of business wealth in its history. Succession planning is more important than ever. Not just because of the transfer of wealth, but because of the polarising impact of high supply and low demand on the saleable value of a business.

The support available to individuals and business has been constantly evolving and changing. Here’s a summary of where support stands around the country.

Have you bought and sold shares this financial year? Share trading is easier than ever but you still need to include details on your tax return. Talk to us about your shares holdings so we can maximise your return.

If you operate a building, cleaning, courier, road freight, IT or security business, you may need to submit a taxable payments annual report to the ATO. Talk to us about whether you need to complete a TPAR, and we’ll get it ready by 28 August.

Crypto transactions are on the ATO radar. Tax and GST rules apply the same to crypto as to other forms of payment, just like bartering. Talk to us about getting your crypto transaction records together for your tax return.

Organising your end-of-financial year documents now means you can get your tax completed earlier and maximise your return. Book in your tax return appointment now and rest easy knowing it’s under control.