Newsletter – April 4 Edition

Inside this month:

•  Warning on SMSF Asset Valuations: The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. 
• The Assault on Professional Services Practices: The ATO has signaled that it is willing to pursue professional services firms who divert profits to avoid tax. 
• How Much Is My Business Worth?: For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. 
• Non-Compete Clauses and Worker Restraints Under Review: A new issues paper from Treasury’s Competition Review questions whether non-competes and other restraints are limiting job opportunities and movement. 

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