Business

Business Intuition Is Not Bullsh!t

Our multi-millionaire clients all have five things in common. If you plan to boost your bank account to seven or eight figures, read on. 

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Business Intuition Is Not Bullsh!t

Death and Small Business CGT Concessions

They say that two things in life are inevitable – death and taxes. This doesn’t mean that the two have to happen at the same time. Generally where there is a change of ownership in small business, a CGT event is deemed to have occurred which may result in a capital loss or taxable gain. When a person dies, their assets are transferred to their legal personal representative (LPR) or are acquired by a surviving joint tenant, if one exists, and as such the Capital Gains Tax rules apply.

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Death and Small Business CGT Concessions
( Posted in: Tax )

Death and Small Business CGT Concessions

They say that two things in life are inevitable – death and taxes. This doesn’t mean that the two have to happen at the same time. Generally where there is a change of ownership in small business, a CGT event is deemed to have occurred which may result in a capital loss or taxable gain. When a person dies, their assets are transferred to their legal personal representative (LPR) or are acquired by a surviving joint tenant, if one exists, and as such the Capital Gains Tax rules apply.

... read more

Death and Small Business CGT Concessions
( Posted in: Tax )

Small Businesses Can Get Into Trouble

Imagine you have put all of your life savings into buying a business. You spend years dedicating your heart and soul towards it. You listen to financial advice and take every measure to do the right things. Still your business is failing. The figures are wrong. It's heart wrenching. Our advice? Let it go. ASAP.

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Small Businesses Can Get Into Trouble

Two Directors is Wrong, Wrong, Wrong

I will give you a second strategy for asset protection in business. This one is really simple.

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Two Directors is Wrong, Wrong, Wrong

The Fall Guy

We want nothing of any value in the fall guy’s name. Absolutely nothing! It’s not a perfect world. Bad things sometimes happen to good people. So if a business falls over the fall guy can go with it but hard earned assets built along the journey MUST be fully protected.

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The Fall Guy
( Posted in: Tax )

It's All Your Fault - Part 2

I LOST ALL OF MY LIFE SAVINGS. The truth: it was all my fault and I had to take full responsibility because it was small business.

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It's All Your Fault - Part 2

Company Disaster

We are talking today about business structures and in particular the disaster that is companies when running a small business. We need to go back in history and look at the year 1999, the Federal Government of that year changed the rules on small business. 

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Company Disaster
( Posted in: Tax )