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May 26, 2020 / News

Important: SA Land Tax Reform

As you may be aware, on 28 November 2019 the SA State Government introduced amendments to the way land tax is imposed on properties held in South Australia effective 1 July 2020. Read more

Land Tax / Taxation


Mar 23, 2020 / News

Government stimulus package Mark II – Big, bold… and concisely summarised

Economists call it “helicopter money” – governments sending money directly to businesses and people to stave off a recession or minimise one. And yesterday’s announcement is a Black Hawk next to Mark I’s gyrocopter. Read more

COVID-19 / Taxation


Mar 18, 2020 / News

FBT Year End Planner - Ideas and possibilities for your business

Snapshot for the FBT year ending 31 March 2020 Read more

Business Consulting / FBT / Taxation


Mar 16, 2020 / News

ATO’s administrative concessions for businesses affected by coronavirus

Following the government’s economic stimulus package released last week, the ATO has announced a series of administrative measures for businesses experiencing financial difficulty as a result of the coronavirus. Read more

COVID-19 / Taxation


Mar 12, 2020 / News

Economic stimulus package: key points for your business

The government announced a package of temporary measures worth $17.6 billion to support the Australian economy in the wake of the impact of the coronavirus. The measures mostly target small and medium-sized businesses, and come in four parts. Whilst they apply either from now or retrospectively from 1 January 2020, the measures will require legislative change. Read more

COVID-19 / Taxation


Mar 11, 2020 / News

FBT influences your decisions – even if your business doesn’t pay any

Many business owners roll their eyes at the mention of Fringe Benefits Tax (FBT). Complex rules, costly to comply with, and for seemingly little value. But even if you don’t pay any FBT, it still plays a role in your business. So, to truly understand why FBT affects your business – even if you don’t pay any – let’s help you “get it”. Read more

FBT / Taxation


Feb 17, 2020 / News

New tax risk for property

Property features in the affairs of almost all our clients, and it often represents a significant part of their wealth. So we’re naturally on alert for any impact on property from changes to tax law. Parliament passed new laws with effect from 1 July last year that deny deductions for expenses relating to holding “vacant land”, even when it’s held for an income-producing purpose, such as development for sale, or building a commercial or residential rental property. Read more

Property and Construction / Taxation


Feb 06, 2020 / News

Business sale tax concessions: ATO wins 3-0 clean sweep

The small business concessions can be very generous in reducing or even eliminating the tax impost on a capital gain you make from selling your business (or your company), or an asset used in the business. For example, in combination with the general 50% discount on capital gains, these concessions can reduce your tax bill on a capital gain in the millions to nil in fairly mundane circumstances. Read more

Business Consulting / Taxation


Dec 19, 2019 / News

New law erases tax-exempt family home

It can be quite an adventure to live and work overseas for a time, should the opportunity arise. Many people who have done so choose to keep their home because they can maintain the exemption from capital gains tax (CGT). Not anymore. In fact, not ever. Read more

Taxation


Dec 13, 2019 / News

R&D changes, but the ‘real’ issues remain

Draft legislation has been introduced to Parliament to modify the Research & Development (R&D) tax incentive, effective from 1 July 2019. The intent is to better target the incentive, and better motivate some businesses to spend on R&D. Read more

R&D / Taxation


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