News bulletin 18 October 2011

Unlock your working capital to boost cash flow

In the latest issue of Smarter Business Ideas magazine Michael Derin discusses that increasing revenue isn't necessarily the way to grow cash flow. The real secret to getting ahead in today’s tough market is unlocking your business’s working capital and using it to create a stronger cash flow, more growth and bigger profits.

Tax updates: Director liability changes & the tax forum

This month we discuss that company director personal liability is set to be expanded for withholding of PAYG and Superannuation Guarantee amounts from employee wages. We also touch on the outcomes from the recent tax forum; plus all the tax dates you need to know for the next month.

Repair v improvement in a SMSF property asset

Our wealth team explains the new draft ruling issued by the ATO on the boundaries applied to a limited recourse borrowing arrangement for purposes of maintaining and/or repairing a SMSF's real property investment as opposed to improving.