$16bn: Small business owes ATO big

$16bn: Small business owes ATO big

Sail Finance recently revealed the findings of a sample poll of finance brokers it had conducted, many of whom said the Tax Office’s payment plans are “too harsh” on small businesses and adversely affect their cash flow. Read more at MyBusiness. 
New LRBA holders should maximise contributions

New LRBA holders should maximise contributions

Addressing a recent webinar, the SMSF law firm’s special counsel, Bryce Figot, said while new rules to include the outstanding balance of LRBAs in a fund member’s TSB restricted trustees from making contributions to pay off the loan over the long term, advisers could...