Business & Profit Matters - May 2022

In this month's edition of Business & Profit Matters from RTB Accounting Group, we take a look at the Skills & Training Boosts available from Recent Budget Announcements & The Tax-Free Windfall From Selling Your Business. While some people enjoy the thrill of the start-up business or creating their own from scratch, others may decide that buying a business is the right avenue for them.  We look at 5 Questions To Ask Yourself Before Buying A Business. A failure to correctly identify whether your business has hired an employee or a contractor could net serious penalties. However, the Australian Taxation Office has made it easier to determine the correct classification of people working for a business, particularly in terms ther of tax and super obligations. - Have You Hired An Employee Or A Contractor?

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