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Are you considering DIY accounting for your small business? There are a few easy things you can do that will set your small business up for success. Here’s a quick guide to DIY small business accounting essentials that all small business owners should be practicing. Should You DIY Your Accounting as a Small Business? Before… Continue reading DIY Accounting For Small Business – Can You Really Do It Yourself?

Selling an asset? You’re probably wondering how to avoid Capital Gains Tax in Australia. While not always possible, there are a few key ways to reduce or avoid Capital Gains Tax depending on your specific circumstances. Discover legal ways to avoid Capital Gains Tax with our Capital Gains Tax expert advice.  What Is Capital Gains… Continue reading How To Avoid Capital Gains Tax in Australia

Whether you’re starting a brand new business or have been running a small business for years, you’ve probably asked yourself at some point, ‘why do I need an accountant for my small business?’. While every business is different, there are a number of key ways that a small business accountant can save you time and… Continue reading Why Do I Need an Accountant For My Small Business?

Buying a business can be a great investment. It allows you to hit the ground running with an already established, profitable structure rather than having to start your own from scratch. On the other hand, it can also come with plenty of challenges. When asking yourself how to buy a business, it’s important to address… Continue reading How To Buy A Business In Australia

As the world grapples with the economic impact of the Coronavirus, the Australian Government yesterday announced their economic response to the threat, which we have summarised below. The government has also confirmed that the surplus it had planned to deliver is extremely unlikely to be achieved. With various reports of the mortality rate, it seems one of the most… Continue reading Coronavirus Stimulus Package

Victorian Employers need to be informed that as of the 1st November 2018 there will be significant changes to Long Service Leave (LSL) Entitlements. Employees Employees are now entitled to take Long Service Leave after 7 years of continuous service with one employer as opposed to 10 years. An employee is able to request Long Service… Continue reading Changes to the Long Service Leave Act

As of the 1st of July 2019, the government will impose changes to increase the maximum number of allowable members in new and existing SMSF from 4 to 6. The increase in member size is expected to provide greater flexibility for larger families to jointly manage retirement savings. Benefits of the change Will assist the… Continue reading SMSF Member Limit Change

At RDV Business Solutions we aim to provide you with a quality tax return at a competitive price and our valued expertise of tax legislation will ensure that you maximise the tax benefits. We would like to give you notice to start arranging all your tax information as soon as possible in order for RDV… Continue reading It’s Tax Time

As some of you may already be aware, a major change to property depreciation legislation has been implemented. The federal government has passed through a new legislation which will place restrictions on claiming depreciation deductions for second-hand items in properties. Property investors that exchanged contracts to purchase a second-hand residential investment property after the 9th… Continue reading Changes to depreciation legislation for Australian Residential Property Investors

  The federal government budget will introduce a proposed change whereby the responsibility for remitting GST on the sale of new residential premises will shift from property developers to purchasers. As the law currently stands, developers collect GST from the purchasers as part of the buying price and then send it to the ATO. As… Continue reading Attention Property Developers!