Experience tells you what to do; confidence allows you to do it.
MMT Accountants + Advisers is a firm that prides itself in providing the highest level of professional service to its clients in all facets of their financial and business situations including financial reporting, accounting, taxation planning, auditing and superannuation. The firm’s success is based on seeing its clients succeed, grow and create wealth from their endeavours.
MMT Accountants + Advisers was established in 1980 at Caringbah and in 1985 relocated to Hurstville. As a result of firm growth and the successful integration of other accounting practices, MMT expanded to include an office in Sydney CBD and is considered a leading practice in the St George and Sutherland Shire Area.
The answer is ‘sometimes’ but you need to be proactive. Larger companies tend to spend more on advice to not only identify current opportunities but to understand the tax impact when acquiring new businesses, selling assets, structuring or restructuring.
We’ve seen many scenarios where businesses seek advice on tax issues once contracts have been signed – at the tidy up stage. It’s too late at this stage to improve the tax position or unwind a problem.Read more...
If you have a digital coin, is it real? And if it’s real do you have to pay tax on it? According to the Australian Taxation Office (ATO), the answer depends on how you are using it and why.
The ATO recently released its position on the tax treatment of the virtual coin bitcoin and other virtual currencies - much to the chagrin of proponents. The ATO’s view is that bitcoin is not money or a foreign currency, and the supply of bitcoin is not a financial supply for GST purposes. However, bitcoin is a CGT asset.
So, what does all this mean?
Shares enjoy a broad-based early rally, with impressive results from ANZ and Macquarie buoying sentiment as retailers and media stocks enjoy support.
Echo Entertainment Group chairman John O'Neill says the company has built a formidable joint venture to take on James Packer's Crown Resorts in the bid to develop a $1 billion-plus casino and entertainment complex in Brisbane.
Housing credit has continued to soar in September, according to private sector credit figures released by the Reserve Bank on Friday morning.
As scary October is ending, the market's bogeymen have largely disappeared. Whatever happened to all those forecasts of disaster? There certainly remain problems and challenges to consider, but several promised crises have quietly been buried this week with little attention.
ANZ Bank chief executive Mike Smith has warned that home loan customers would be forced to pay more for credit if banks were forced to hold larger capital buffers, one option being considered by the government’s financial system inquiry.
Don't wait for the perfect moment; take the moment and make it perfect.