Tag: small business concessions

The Queensland Government Announces the Business Growth Fund Program

The Business Growth Fund Program (BCF) is a new program announced by the Queensland Government. The BCF provides funding to small and medium-sized businesses experiencing high-growth to buy specialised equipment to unlock growth potential, increase production, expand your workforce and maximise economic returns.  Applications opened on Tuesday 11th May and will remain open until funding […]

The Queensland Government’s Small Business Covid-19 Adaption Grant Program

The purpose of the Queensland Government’s “Small Business Covid-19 Adaption Grant Program” is to support small businesses subject to closure or who have been highly impacted by covid-19 enforced shutdown restrictions. This program aims to help small businesses to adapt and sustain their operations, whilst building resilience. The program aspires to help small and micro […]

Victorian Government Announces Support for Businesses Impacted by Covid-19 Lockdown

The Victorian Government has announced new support for small businesses, including sole traders which have been impacted by the covid-19 circuit-breaker action. Operators from businesses in industries such as; hospitality, events, tourism and the creative industries are all set to benefit from these grants. The $143 million Circuit Breaker Support Package is expected to help […]

Related party premises leases

When applying the Small Business CGT Concessions, one of the threshold tests is firstly determining whether the asset being disposed of is an active asset. Pursuant to section 152-40 of the ITAA97, properties used mainly to derive rent are not classified as active assets unless the property is being used in the business of a connected entity or an affiliate of the taxpayer.

Launch of our video platform

We have recently been working through a range of education and information videos to support our partners or to give you some understanding of the issues that arise in the management of taxation or restructure issues. Understanding that some of the issues that arise are complicated and need further explanation, each video tries to cover […]

Cash-Flow Management and the Health of a Business

Here at C&D we deal with businesses of all shapes and sizes. Many of the issues these businesses face can come down to one crucial facet within their operation: cash flow management. If you are a start-up, we understand the excitement involved with getting your business up and running and growing your sales. You are […]

CGT Concessions and the Difficulties for Shares and Unit Trust Interests

When selling a business, it is always important to determine whether or not a seller can qualify for the small business CGT concessions. The potential benefit of this is to either exempt, reduce or defer the tax implications of a capital gain made on the sale. When examining the small business CGT provisions, there is […]

Small Business Tax Concessions – Basics

In addition to the capital gains tax (“CGT“) exemptions and rollovers available more widely, there are four concessions that allow you to disregard or defer some or all of a capital gain from an active asset used in a small business: 15-year exemption – If your business has continuously owned an active asset for 15 years […]

No PPSR?

We recently assisted a client who loaned commercial equipment to customers of his wholesale supply business. One of his customers recently went into administration and held onto a number of machines that belonged to our client. Problem 1 – there was no PPSR. Without a PPSR, proving ownership of the equipment was problematic and meant […]