Australia
Are your Financial Advisor fees deductible? Here’s what you need to know

By Amelia Switalski on 04/03/22 - Mins to read: 3 minutes

If you’re working with a financial advisor—whether through William Buck or another firm—you may already know that some of the fees you pay can be deducted in your tax return to lower your taxable income. However, it’s not always that simple—some fees aren’t deductible. Knowing which ones qualify and how...
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What is a Non-Binding Indicative Offer?

By Samantha Nicholls on 04/03/22 - Mins to read: 3 minutes

A Non-Binding Indicative Offer (NBIO) is the first ‘letter’ or ‘agreement’ a potential purchaser submits to a vendor when entering a merger or acquisition. Sometimes referred to as the ‘letter of intent’, an NBIO essentially puts into writing any verbal offer made and, with the exception of a few components...
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ESG and Climate Reporting: A guide for manufacturers

By Graham Spring on 04/03/22 - Mins to read: 3 minutes

Manufacturing businesses constantly face the dual challenge of driving growth while meeting stringent environmental standards. With rising interest from both consumers and regulatory bodies, adopting sustainable operational practices has never been more crucial. Staying proactive not only positions your manufacturing business ahead of the curve but also brings about potential...
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SMEs be aware of the ATOs focus on stricter compliance

By Rachael Wade on 04/03/22 - Mins to read: 3 minutes

The Australian Taxation Office (ATO) is intensifying its focus on stricter compliance, actively pursuing outstanding tax debts and scrutinising property transactions. This shift impacts small and medium-sized enterprises (SMEs) and property owners, who must now navigate a more stringent regulatory environment. Debt Collection Australia’s tax office has become more...
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Discretionary trusts and tax planning: tips and traps

By Greg Travers on 04/03/22 - Mins to read: 3 minutes

Discretionary trusts are a unique and flexible structure particularly adapted to family arrangements. As well as the ability to support evolving family dynamics and provide a level of asset protection, discretionary trusts can assist with tax planning within a family group. Streaming Streaming refers to the distribution of a particular...
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How to exit plan your business and avoid deal fatigue

By William Buck on 04/03/22 - Mins to read: 3 minutes

So, you’ve started to consider business exit planning. But which option yields the most attractive return — for you, your employees, and your business’ legacy? There are many business owner exit strategies to consider when it’s time to sell, and each has a range of pros and cons. For many...
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