Case Study: Promotions Going Awry
The business was a small mechanics shop in a major capital city. They decided to join a daily deal promotion which offered a generic service for 50% of the normal service price. What was the objective? The owner believed that the cut price service would attract new customers, the revenue from the deal would just […]
Contractor or Employee?
It is necessary for employers must know whether their workers are employees or contractors because the tax, superannuation and other government obligations change depending on the worker’s status: If a worker is an employee, PAYG withholding will need to be withheld from wages. The employer must report and pay the withheld amounts to the ATO, pay […]
Storm clouds on the horizon?
As the economy starts to see the signs of distress are there clouds on the horizon of your business? Some of the earlier indicators are the longer it is taking to pay bills, customers are taking longer to pay or you are using personal money in order to pay the debts of the business. There […]
Payment arrangements
There are no hard and fast rules as to what the Australian Taxation Office (“ATO”) will consider to be acceptable for a payment. This is because their policies generally refine with time. Prior to undertaking any payment arrangement, it is important to ensure that whatever is proposed is sustainable for your business. For smaller amounts, […]
Garnishee Notices
https://youtu.be/A-rWQ9H-sew First up, if you have recently received a garnishee notice and wondering what it all means we have a lot of resources on our website. It is important to move quickly as doing nothing is not an option once this is in place. So generally, your accountant has provided you the garnishee notice or […]
Laundry Allowance
Your tax agent tells you, you can $150 claim for laundry relating to your work uniform, is this correct? We have recently been working with a tax agent that had a standard policy of claiming $150 regardless of the occupation, this has resulted in a heavy audit of his clients and a disallowing of many […]
The need for two banks
We are often hear the statement “we have a great relationship with our bank”, but have you really tested that relationship when things are bad? The relationship with your bank is only as good as the situation at hand and at times this will mean that there is a reliance upon an unsuitable partner, or […]
Single Touch Payroll
The Single Touch regime takes a company’s reporting to the next level. While this will be a welcome change for employees, small businesses will unfortunately experience an increase in compliance obligations. Now small businesses will need to flag cash flow difficulties and highlight steps that small businesses will need to manage. For small businesses that […]
Personal Guarantees on Assignment of Lease
We recently had a partner who was pulled into legal proceedings relating to a business he sold in 2007 where the lease was assigned (and in this case another 3 times). The new tenants had defaulted on the lease and caused significant damage to the property. In this instance, there was a failure at the […]
Welcome to C&D Restructure
The team at C&D would like to welcome you to our website. Whilst the name is new the business remains the same. Lead by Craig Dangar, we continue to offer comprehensive support for our professional partners.
