Surry Partners Perspectives

Various forecasts have been made on Australia's likely economic performance through 2011 including:Read full article >>

The Australian Taxation Office has issued a report which indicates that outdated or unreliable business systems could be costing small businesses time and money due to incorrectly reporting GST.  Read full article >>

Many superannuation funds allow members to nominate a reversionary pension beneficiary when they start a pension. We examine reversionary pensions and their role in a super fund....Read full article >>

Recent changes have been made to Director Penalty Notices (DPN).  These are notices served by the Tax Office to a company director which set out obligations of the director in relation to certain outstanding tax debts of the company.  If appropriate action is not taken by the director or the company, the tax, which is the subject of the DPN, will become a personal liability of the directors.Read full article >>

Risk management in small business is very important.  The biggest single risk for small businesses is to make sure that they don't run out of cash.  Many of the concerns about cash management can be significantly reduced if the business has a strong policy towards the development of customers.Read full article >>

Quantitative Easing is the name of a method used by governments to stimulate the economy when interest rates are either at or close to zero. It is viewed as dangerous by many economists.Read full article >>

A new regime of government-funded paid parental leave came into force on January 1. As is often the case with government initiatives, the devil is in the detail......Read full article >>

Current Liabilities – those amounts owed by the business which will normally be paid within the operating cycle of the business, usually 12 months.  Examples of current liabilities are: Read full article >>