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How to Prepare for the Christmas Time Retail Frenzy

Christmas is undoubtedly a holiday to cherish with your family and friends. A little celebration goes a long way for starting the New Year with a renewed energy. Christmas is also a time to shop till you drop. Quite literally, retails stores, traditional brick and mortar stores and e-commerce stores claim that they make approximately 30% of their annual profits in this merry time of the year. With the joy of a selling frenzy comes the liability of handling the taxes in the coming financial year end. While paying taxes is unavoidable, here is a list of things you can think about well in advance of the season’s arrival:
  • Know the cash flow
A business owner’s top responsibility is to monitor the cash flow and be on top of it. This is where joining forces with a...

September – 2016 Practice Update

September – 2016 Practice Update covers following points
  • Pre-retirees: Avoid 'too good to be true' tax schemes
  • ATO assistance with the pending $500,000 lifetime super cap
  • Deductibility of gifts provided to clients
  • Deductibility of airport lounge memberships
  • Phoenix Taskforce swoops on dodgy businesses
  • ATO exposes dodgy deductions
Click here for – September – 2016 Practice Update...
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