Bankruptcy
Nobody can deny the last twelve months has not been easy for anyone, least of business operators. With the associated significant business disruption, we are seeing more and more people file for bankruptcy. For the uninitiated, bankruptcy is the legal process whereby you are legally declared insolvent that is, unable to service your debts as […]
Foreign Income Taxed as an Australian Resident
The treatment of foreign income by deemed Australian tax residents can often be confusing. Below is a basic guide to navigating through these murky waters. Firstly you need to know whether you are a resident of Australia for tax purposed as it is not necessarily the same as being an Australian resident for other purposes. […]
Tips and Tricks to Help with Record Keeping
Technology has made our lives easier to keep records and it has proven how necessary it is by how we coped in the midst of the pandemic. As you are aware Venta is a paperless office and we pride ourselves on how we can help the environment to minimise paper waste, using high quantity recycled […]
It’s the Most Wonderful Time of the Year!
It is getting closer and closer to the most wonderful time of the year. Now most of you will be lucky enough to be invited to Christmas parties and receive Christmas gifts but what about the people throwing these exciting parties and giving you those lovely gifts, how does that affect them? Well you are […]
The Way to Retirement
There is no law on when you should retire or even a set retirement age because it all depends on each person’s individual circumstances. It is a very personal decision which depends on whether you can financially support your lifestyle to be able to retire, whether it be your time to retire or not, it […]
Employee Share Scheme
Employee Share Schemes Employee Share Schemes (‘ESS’) what exactly are they and what do you do with them. We get a LOT of questions on ESS, some of the questions which we are asked frequently are “do I pay tax up-front?” or “when do I pay tax and how long can I defer it for?”. […]
Tax Effective Structuring
TAX PLANNING, I cannot stress this enough but tax planning is one of the most important kind of planning to do. Throughout your life, you would plan almost everything, so why not plan your taxes. Since everyone believes they pay too much on tax why not plan ahead before you sell those shares or buy […]
Pricing Strategy
Pricing is a very sensitive topic, it is the fundamental strategy and the overall way of how to present yourself and your company. So first and foremost, you need to be upfront with your pricing strategy, and what you will be charging your client. You need to be able to manage your client’s expectations, as […]
The Future of Tax and the Younger Generation
It would seem over the last few months, tax and finance has stormed to the forefront in the aftermath of COVID-19. Tax has been at the front and centre of many governments around the world for some time as they grapple with the reality of determining a fair distribution of tax between countries. With this […]
Cutting Down on Business Expenses
Tips to cut down on business expenses There are a number of ways to reduce costs in your business without affecting its efficiency. Many businesses are working on a very tight budget and business owners worry that implementing any sort of cost cutting measures will impact efficiency. However, this need not be case, with these […]