Selling your business can be a complex and expensive process, but it doesn't have to be. Working with a tax accountant can help you save money and simplify the process. A tax accountant can help you navigate the complicated tax laws and regulations that surround selling a business, so what do you need to know?
Determine the Tax Implications of the Sale
One of the most significant ways a tax accountant can help you save money when selling your business is by determining the tax implications of the sale.
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Can You Be Paid for Any Work You Perform for Your SMSF?
If you've decided to manage your own superannuation program and set up a self-managed super fund, or SMSF, you may wonder how hands-on you can be when it comes to certain aspects of its management. In particular, you may want to know if you can perform work related to owned assets and raise an invoice to the fund for your services. You may also want to know if you can charge the fund for all the work that you perform to administer the program going forward.
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2 Bookkeeping Strategies To Implement For Your Small Business
Is bookkeeping something that you dread, or is it something that comes easy to you? Regardless of your feelings on the topic, it's important to have a good system in place for tracking your business finances. Here are two bookkeeping strategies to help you get started.
Keep Detailed Records
This may seem like a no-brainer, but you'd be surprised how many small businesses don't keep detailed records of their income and expenses.
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3 Key Benefits of Hiring Business Advisory Service Providers
Managing and budgeting for your business can be a significant challenge. However, hiring advisory consultants can make this task effortless. Business advisory services can help your company realise its strengths, confound drawbacks, and achieve steady growth. Made up of a team of accountants, business mentors, and trainers, these professionals can help you implement result-oriented corporate strategies.
Enlisting business advisory services will help your business reach its full potential, as well as providing other benefits, including the following.
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