CGT Small Business Concession
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Helping you navigate the world of CGT small business compliance
Helping you navigate the world of CGT small business compliance
Small business CGT compliance can be a complex and time-consuming process. Here to help you navigate it with ease, at Altias Accounting, we understand the ins and outs of business tax compliance.
What is Small business compliance?
What is small business compliance?
Business tax compliance is the process of making sure that a small business follows all the rules and regulations around Capital Gains Tax (CGT) when they sell or dispose of their business assets.
The good news is, you can access CGT small business concessions that can lead to significant tax savings or even no taxes. However, there are eligibility criteria to meet before qualifying for these concessions.
Making sure that a small business is CGT compliant means understanding these criteria and meeting all the necessary requirements. This includes accurately keeping records, properly valuing business assets and following the specific requirements for CGT concessions when disposing of these assets.
If you want to get the best outcome and take advantage of the available concessions, having a knowledgeable accountant like Altias on your side can be very helpful.
Able to assist our small business clients to navigate the complex rules and regulations, we make sure you comply with all the requirements.
Thinking of selling your business?
Thinking of selling your business?
Selling your business is no small feat. To ensure you do it right, there are a few due diligence tasks you should tick off your list.
Firstly, it’s important we make sure that all your lodgements are up to date. Next, we help you get an evaluation on your business, so you know exactly what it’s worth. From there, we can help you plan for your next steps.
Whether you’re going into a different business or retiring, we step you through the process.
Perhaps you’re looking to retire?
Perhaps you’re looking to retire?
If you’re looking to retire, there are certain provisions in the small business CGT concession that allow you to access discounts and other benefits.
However, accessing these concessions can be a tricky process, with complex eligibility criteria to satisfy.
That’s where we come in. We have the expertise and experience to guide you through the process and ensure you get the best possible outcome.
Plan and prepare
Plan and prepare
At Altias Accounting, we process quarterly, which means we’re always up to date with the latest small business compliance requirements.
Helping you to plan and prepare years in advance, when it comes time to sell your business, we get you the best possible outcome.
Good advice and planning
Good advice and planning
Ultimately, the key to small business CGT compliance is good advice and planning.
Our team of expert accountants are here to provide you with the guidance and support you need to achieve your goals. Taking the time to understand your unique situation, we tailor our services to meet your specific needs.
Helping you to understand the CGT process, we advise you on how best to structure your business and provide guidance on all the relevant tax regulations.
We also have access to a range of efficient technology solutions which enable us to accurately monitor your progress throughout the year and alert you when any potential CGT issues arise.
FAQ’s
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Proin sagittis libero risus. Sed quis elementum justo. Curabitur orci sapien, vulputate sit amet sapien ac, maximus convallis sem. Mauris auctor, odio eu molestie hendrerit, libero metus mollis libero, a facilisis augue turpis hendrerit sem. Duis hendrerit turpis id erat molestie, et accumsan ante sodales. Sed at condimentum nisi. Maecenas at nibh ut felis venenatis sagittis nec egestas ipsum. Pellentesque vitae volutpat sapien, posuere fringilla augue. Mauris ac odio ultrices, eleifend tortor ut, condimentum orci. Suspendisse elementum sed augue pulvinar dignissim. Praesent feugiat tortor sit amet ante vehicula viverra. Donec finibus eleifend mauris, eget tempus orci placerat id. Duis enim sem, pretium vel tempus ut, bibendum in ante.
Proin sagittis libero risus. Sed quis elementum justo. Curabitur orci sapien, vulputate sit amet sapien ac, maximus convallis sem. Mauris auctor, odio eu molestie hendrerit, libero metus mollis libero, a facilisis augue turpis hendrerit sem. Duis hendrerit turpis id erat molestie, et accumsan ante sodales. Sed at condimentum nisi. Maecenas at nibh ut felis venenatis sagittis nec egestas ipsum. Pellentesque vitae volutpat sapien, posuere fringilla augue. Mauris ac odio ultrices, eleifend tortor ut, condimentum orci. Suspendisse elementum sed augue pulvinar dignissim. Praesent feugiat tortor sit amet ante vehicula viverra. Donec finibus eleifend mauris, eget tempus orci placerat id. Duis enim sem, pretium vel tempus ut, bibendum in ante.
Proin sagittis libero risus. Sed quis elementum justo. Curabitur orci sapien, vulputate sit amet sapien ac, maximus convallis sem. Mauris auctor, odio eu molestie hendrerit, libero metus mollis libero, a facilisis augue turpis hendrerit sem. Duis hendrerit turpis id erat molestie, et accumsan ante sodales. Sed at condimentum nisi. Maecenas at nibh ut felis venenatis sagittis nec egestas ipsum. Pellentesque vitae volutpat sapien, posuere fringilla augue. Mauris ac odio ultrices, eleifend tortor ut, condimentum orci. Suspendisse elementum sed augue pulvinar dignissim. Praesent feugiat tortor sit amet ante vehicula viverra. Donec finibus eleifend mauris, eget tempus orci placerat id. Duis enim sem, pretium vel tempus ut, bibendum in ante.
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