Reaping role reversal rewards

Article Abstract:

Some tax strategies for long-term employees planning to leave employment to start up small businesses in Australia are discussed. Five suggestions to improve the financial status in the period between giving notice and leaving the job are made. Keeping a good relationship with the employer can be very helpful. The former boss might be important when it is time to find new clients.

Public Finance Activities, Strategy & planning, Financial management, Personal Income Taxes, Taxes, Small Business, Personal Investing, Corporate Income Taxes, Management, Planning, Investments, Personal income tax

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Is your salary package viable?

Article Abstract:

Some tax traps exist in in salary packaging in Australia, although there are some benefits. The tax office is offering some help in a new draft tax ruling that gives insight into the tax traps and opportunities of salary packaging.

Personal Financial Mgmt, Personal Tax Planning, Statistical Data Included, Laws, regulations and rules, Tax planning, Practice, Wages, Wages and salaries, Australia. Australian Taxation Office

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