April Newsletter

We hope you had a wonderful Easter and welcome to our April newsletter

Inside this month, the warning on 'sloppy' SMSF asset valuations, the ATO's assault on professional services, and the review of non-compete clauses and worker restraints. Read the full aritcle here.

Warning on SMSF asset valuations

The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. We explore the issues and requirements here.

Budget 2024-25

The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected to be the cost of living and the economic shift to net zero. Read more here.

The assault on professional services

The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax. Read more here.

How much is my business worth?

For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. But what is your business really worth and what sets a high value business apart? Read more here.

Non-compete clauses and worker restraints under review

A new issues paper from Treasury’s Competition Review questions whether non-competes and other restraints are limiting job opportunities and movement. We look at the issues and what we can expect to come from the review here.

We love to hear from you, so please feel free to contact us with any questions about our articles in this newsletter by email info@advantageaccountancy.au

Kind regards,

Advantage Accountancy