Newsletter - May 2023

Author

This month we look at: tax on electric cars, selling a business, company money, and the 2023-24 budget...

 

  • How Does Tax Apply to Electric Cars?

Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. Pages 1-2. Read More

 

  • Selling a Business? The Pros and Cons of Earn-Out Clauses

Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should consider. Page 3 Read More

 

  • Company Money: A Guide for Owners

When you start up a business, inevitably, it consumes not just a lot of time but a lot of cash and much of this is money you have already paid tax on. So, it only seems fair that when the business is up and running the business can pay you back. Right? Page 4-5 Read More

 

  • Budget 2023-24

The 2023-24 Federal Budget will be released on Tuesday, 9 May 2023. Look out for our update the next day on the important issues to you, your superannuation and your business. Page 6 Read More

 

 

Quote of the month:

“Intellectuals solve problems, geniuses prevent them.”

Albert Einstein


 

Check other editions of Your Knowledge here

https://7212131.fs1.hubspotusercontent-na1.net/hubfs/7212131/scott-graham-5fNmWej4tAA-unsplash.jpg https://7212131.fs1.hubspotusercontent-na1.net/hubfs/7212131/ben-o-bro-wpU4veNGnHg-unsplash.jpg