RSM Australia

small business

Instant asset write-off increased to $30,000 – more businesses to benefit

14 May 2019
There is some good news for business on the instant asset write-off front. Both the size of business and the amount you can write off instantly as a tax deduction has been increased. While these measures are welcome, it has added a little complexity for the year.

2019 Federal Election - Comparison of policies

6 May 2019
Ahead of the federal election on 18 May, we compare the policies impacting small business owners, as announced by the two major parties.

Reduced financial reporting requirements for SME businesses

16 November 2018
These changes were passed into law in May 2019 and will come into effect from 1 July 2019 onwards.

Tips to avoid failure for small business - Part 2

24 November 2017
In Part 2 of this series, we provide some key advice for reducing debt risks for small business owners.

Tips to avoid failure for small business - Part 1

6 October 2017
Small business owners take note! At RSM, we have seen many businesses with cash flow problems or debt recovery issues successfully turned around as a result of early action on the part of directors and business owners.  

Sell your business tax free - is this too good to be true?

19 May 2017
In many situations this is entirely possible. When small business owners dispose of active business assets, they may be entitled to disregard some or all of the capital gain by utilising the available Capital Gains Tax (CGT) concessions.