Preparing your Business for Sale: Tips & Pointers

Selling a business will always be a complex and multi-faceted process, but there are ways to make it easier. Even if selling is not on your horizon, there are still advantages of making your business sale-ready now. Being sale-ready is about being prepared if an emergency forces you to sell. It also gives you greater […]

Cloud Accounting – Clear Benefits for you & your Accountant

Many business owners and increasing numbers of property investors are now enjoying the numerous benefits of cloud accounting services. As an innovative technology, cloud accounting has been surrounded by media hype at the expense of relevant, clear and concise information that allows you to objectively evaluate cloud accounting for your own situation. In this article […]

Superannuation & Self-Managed Superannuation Funds (SMSF). 3 of 3: Pensions

by Gemma Kovaloff, Rosenfeld Kant SMSF Division, ASIC Authorised Rep No: 0001250846 In this article, I provide a snapshot of changes that apply to members with a balance of more than $1.6m in an  Account Based Pension (Retirement Income Stream) and/or a Defined Benefit Pension, or any amount in a Transition to Retirement Income Stream (TRIS). I also outline the […]

Superannuation & Self-Managed Superannuation Funds (SMSF). 1 of 3: Summary of key super changes

by Gemma Kovaloff, Rosenfeld Kant SMSF Division, ASIC Authorised Rep No: 0001250846 2016 was a very big year for superannuation and SMSFs. It’s now 9 months since shock waves were sent through the super industry, with the announcement of significant changes to the super rules. Also in 2016 the ‘accountants’ exemption’ (Corporations Regulations (2001)) was removed with […]

Rosenfeld Kant joins leading international alliance

At Rosenfeld Kant we have earned our position in the top 100 accounting firms in Australia by building long-term relationships with our clients, and as a result of our unrelenting drive to find opportunities that benefit you. Future-focused commitmentWe are by nature future-focused and progressive, and while our firm commitment is to the local delivery […]

Film Audits: How to Receive Your Tax Offset Quickly #3 of 3

#3 Using a Framework of Efficiency – For the shortest route from A to Z When it comes to film audits the first challenge to overcome is fully understanding requirements, the second is to be highly organised, and the third is to address the myriad factors that can interrupt the process and delay the receipt of your offset. […]

Film Audits: How to Receive Your Tax Offset Quickly #2 of 3

#2 Preparing for your Film Audit – Organisation is king Preparation is absolutely key if you want to receive your offset without delay. An audit requires wide-ranging, specific and detailed information to be gathered and compiled over a long period of time and documented in a prescribed way. Every unanswered question, every expenditure statement that isn’t […]

Film Audits: How to Receive Your Tax Offset Quickly #1 of 3

We’re sure you will agree, receiving your Producer or PDV Tax Offset as quickly as possible is fundamental to successful film production. There’s a lot to think about and as no two audits are the same, there’s no rule book to help you. Unless handled by experts, your film audit can result in lost time, […]

2016 End of Financial Year Checklist

Defer your incomeIncome becomes taxable when it is derived. If your business operates on a cash basis, this occurs when you receive the income. If instead, you operate on an accruals basis, then the income is derived when you have completed the work or the sale. So, either way, as the end of the year […]

Tax Time Count Down

With 30 June 2016 just a few weeks away there are 3 SUPER things you need to consider before then: 1.     Make concessional contributions to receive a maximum tax deduction;2.     Pay the minimum pension.  This ensures your fund’s income is tax free;3.    Check your NCC cap before making further non concessional contributions. Concessional ContributionsThe Concessional […]