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How to find a good accountant

Peter Docherty An interview with Peter Docherty, general manager of public practice at CPA Australia.

The golden rules of tax deduction

Max Newnham Don't know whether a payment is tax deductible or not? The golden rule is that it must be linked with the earning of income.

Buying a bargain could be risky business

Christopher Niesche Many small businesses are going cheap right now, but potential buyers shouldn't be seduced by low prices and the chance to be their own boss.

BUSINESS MAXIMS

Help! Our debt is crippling us

Max Newnham Q. We have incurred a debt to the ATO of more than $100,000. The interest is making it nearly impossible to pay off.

BUSINESS MAXIMS

Hey Max, what about my tax?

Max Newnham Q. I know I need to obtain an ABN from any supplier but do I need to get one for the people I do work for?

FINANCE

Dealing with banks in times of crisis

Tony Featherstone Picture this: a family-owned retailer has a $40-million bank loan. The founder has had a good relationship with his banker for years, watched footy with him, and met the bank’s CEO at functions.

BUSINESS MAXIMS

Get ready to sell

Max Newnham There is a very good reason why every small business owner should operate their business as if they are going to sell it.

Accountants still a trusted source of advice, say SMEs

Alexandra Cain Most small business owners still rely on their accountant rather than their lawyer, bank, business coach or financial planner, according to a survey of Australasian small business owners.