Business

Getting back what you put in: Loans to get a business started

It’s not uncommon for business owners to pour their money into a business to get it up and running and to sustain it until it can survive on its own. A recent case highlights the dangers of taking money out of a company without carefully considering the tax implications.   A case before the Administrate …

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$20k deduction for ‘electrifying’ your business

Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We show you how to maximise the deduction!   The small business energy incentive is the latest measure providing a bonus tax deduction to nudge the investment behaviour of small and medium businesses, this …

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Succession: What does it take to hand your business to the next generation?

What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your business and maximising its capital value for you, the owners.   When it comes to generational succession of a family business, there are a few important aspects: Succession of …

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What changed on 1 July 2023

A summary of the important changes that came into effect on 1 July 2023.   Employers & business Superannuation guarantee increases to 11% from 10.5% National and Award minimum wage increases take effect. The minimum salary that must be paid to a sponsored employee – the Temporary Skilled Migration Income Threshold – increased to $70,000 …

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The 120% technology and skills ‘boost’ deduction

The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to take maximise your deductions.   Almost a year after the 2022-23 Federal Budget announcement, the 120% tax deduction for expenditure by small and medium businesses (SME) on technology, or skills and training for …

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2023 Federation University Commerce Ballarat Business Excellence Awards

The team at CountPro are excited and proud to have been selected as finalists in the following categories of the 2023 Federation University Commerce Ballarat Business Excellence Awards:   nbn Local Professional Services Business Award, along with Franklin Copywriting and Buninyong Community Bank; and The WIN Network Customer Service Award, along with SMS Integration and …

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$20k Small Business Energy Incentive

In a pre-Budget announcement, the Government committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction of up to $20,000.   The Small Business Energy Incentive encourages small and medium businesses with an aggregated turnover of less than $50 million to invest in spending that supports “electrification” and more efficient use …

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