Facing Old Tax Debts: Tips for Business Owners and Individuals

  • Will the Australian Tax Office send me bankrupt?

    30 November 2016

    One of the largest financial obligations many small businesses have, after their wages, is obligations to the Australian Tax Office (ATO). The ATO will often wait quite a while before commencing legal proceedings to chase owed funds compared to other debtors such as suppliers.  Here are some tips to help you keep on top of your tax obligations and avoid bankruptcy.  Have self-management Get your bookkeeper to run a reconciliation and let you know how much money you owe for the employees PAY-G (pay as you go) tax, superannuation payments and GST (goods and services tax) obligations.

  • What to do when you buy rental property

    30 June 2016

    If you are thinking about buying rental property, you might only be concerned about current renovations and the budget you have to work with. However, there are quite a few other things to think about shortly after you purchase the property. You Need a Lawyer One of the first things to do when you buy rental property is to get a lawyer. Any time a legal issue comes up, you already want to have a lawyer to turn to and prepare paperwork and deal with the court so you don't have to.