Key considerations when selling your business

You should ensure you take time to prepare and carefully consider the sale of your business, before committing to sell. There is a lot to organise and prepare when getting ready to sell your business. The discussion below outlines some questions you should...

Disputes and the ATO

Given the complexity of the taxation regime and the requirement for taxpayers to initially self-assess their liabilities, disputes between taxpayers and the Australian Taxation Office (ATO) will inevitably arise from time to time. If you disagree with a...

Tax Traps – Beware the Division 7A snake pit

Division 7A of the Income Tax Assessment Act 1936 is a poisonous well of hissing snakes for general practitioners when dealing with companies.  In very broad and simple terms it can claim income tax on amounts paid to, or loaned to, or debts forgiven from,...