Company

Can a company investing in rental properties claim small business 50% active asset reduction when selling the properties for CGT purpose?
No. Even if it is a small business entity, and although the main business activity is deriving rent from properties, rental properties are not active assets...
Thu, 8 Feb, 2018 at 12:21 PM
What is Division 7A?
Company Trust Division 7A is an anti-avoidance measure that ensures companies can only distribute profits via dividends only. It applies when a private ...
Wed, 12 Feb, 2020 at 4:05 AM
Dividend paid entry
before 30 June 20xx DR Div equity Cr Div payable Dr Div payable Cr Cash at 1 July 20xx Dr RE Cr Div equity  cross cancel and you are ...
Mon, 12 Oct, 2020 at 11:44 AM
Close down a company - company deregistration
https://asic.gov.au/for-business/closing-your-company/deregistration/voluntarily-deregistering-a-company/  email template drafted to client:  ...
Mon, 1 Apr, 2019 at 2:07 PM