Have to include premises to sell your business GST free?
If you are selling your professional practice or firm (such as a financial planner, insurance broker, mortgage broker, accountant or bookkeeper or anyone else) a question that may come up is whether you need to include your premises in the sale for the sale to be a GST Free Going Concern sale. The answer […]
Qoin Cyrptocurrency Tax Consequences
14 December 2020 – Please note – this is an ‘evolving’ page and may change in the future as more information comes to light. Want the final say? Book a call with Scott Kay www.calendly.com/ipas Qoin is a Cyrptocurrency that has been launched by Bartercard. When I originally posted this article on 13 July […]
Don’t close before you sell – Selling your business GST free
In this article, I go through the considerations for closing your business and whether you should sell it. Firstly – it isn’t failure to decide your business isn’t helping you meet your goals and joining someone elses (whether as a employee or as a merger). Should I keep my business running? Just as […]
Maximise your (late) depreciation schedule by amending prior 2 years (and maybe more) tax returns
Many real estate investors are “accidental” investors that haven’t received a full property investment education. Many tax accountants don’t strongly recommend depreciation schedules enough. Even depreciation schedule providers don’t recommend them strongly enough. I have a client that was denied by 2 separate providers that a schedule would be worthwhile. I then called my guy […]
Cancelling GST & transferring car out of entity
If you are expecting to earn less than $75,000 in the next 12 months (i.e. $6,250 or less this month and $6,250 for the next 11 months), then you could deregister for GST. (Note if you are expecting to be more than this then you should register if you haven’t already). The 4 minute […]
Xero Ask How To
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