Arnold & Finlay Blog
This could be a company or business owing a large sum for tax or GST to the ATO, or where the company has defaulted on a previous arrangement, or the offered arrangement has been refused. Read more…
Have you ever been to a party or BBQ, and there's always someone who's rabbiting on about how little tax they pay? Even a little scratch of the surface tells us the simple reason: they're not making much money. Read more…
Personal Income Tax Measures
1. Limit on Depreciation of Rental Properties
From 1 July 2017, plant and equipment included in a property purchased after 09/05/2017 will not be depreciable. Investors purchasing such items after this date can depreciate those items over their effective life. Read more…
Last week I received a newsletter from the US, titled 'The Fall of American Retail'. Read more…
We buy things and later regret it. That same fear or behaviour can prevent a prospect from buying your service/product. So, here are two (really good) suggestions for overcoming this reluctance. Read more…
Sometimes, a business/company may not survive. There are many reasons why a company can no longer pay its debts when they are due, that is the company is considered to be insolvent. If a company trades while insolvent, the debts incurred after the company became insolvent are recoverable from directors. Of course, it can be difficult to determine when insolvency actually occurred (liquidators 'assume' as far back as possible). Read more…
A lot of emphasis is put on financial statements. A critical question for a business is this: 'Based on the information in the financial statements, what should be done differently in the future?' Read more…
"How much do I need to retire?"
Although it seems straightforward, it's not the right question at this stage. Read more…
A company in financial trouble can affect a lot of people, and the closer to liquidation, the more hazardous for the directors. Read more…
These several checks help you to see how your business is performing, and to anticipate issues before they become problems, So, you stay on top of your finances, have control of your strategy, and base decisions on facts rather than guesswork. Read more…