Harper News

Entries for July 2014

Get Payments in Advance to Build Surplus Cash Flow

One of the biggest challenges to your company’s cash flow is allowing your customers to pay on terms. For cash flow purposes, getting paid once you sell something is best, but that isn’t a...

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How Getting More Customers Can Kill Your Cash Flow

More customers are always a positive, right? Not necessarily. If your customers aren’t making you money, and you have more of them, it could actually be a detriment to your business. You see,...

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Killer Cash Flow Strategies for Your Business

One of the main reasons you went into business was to build cash flow, but what if your business isn’t generating the kind of cash flow you need? Your life, both personally and professionally ca...

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SMSF trustees take note: The new penalty regime is now in force

We reported about the changes to the penalties able to be handed down to self-managed superannuation fund (SMSF) trustees some months ago, but just as a timely reminder – a new penalty regime for SMSFs is now in effect and pertains to the activities of all SMSF trustees.

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Net medical expenses tax offset is phasing out

Draft legislation was introduced in the 2013 budget to phase out the net medical expense tax offset (NMETO), which has finally been passed into law. It means that the offset will disappear by the end of the 2018-19 income year, with some interim transitional arrangements put in place between now and July 1, 2019.

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Builders, get your taxable payments reporting ready before July 21

Businesses in the building and construction industry, take note – the deadline is July 21, 2014 to report the total payments you made to each contractor you enlisted the services of in 2013-14. You will need to report these payments to the Tax Office on the Taxable payments annual report.

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Deceased estates: Some essential information

Unfortunately, having to deal with managing a deceased estate is a task many of us will have to shoulder at some stage in our lives — but having some familiarity with what’s involved beforehand will hopefully ease the burden.

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All you need to know about Bitcoin

Lauded for its convenience and lack of dependence on a central authority as much as it is derided for its unpredictability and the anonymity it grants criminals, global digital phenomenon Bitcoin is spreading to every corner of the world and transforming the very essence of monetary transactions.

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