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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
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
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
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
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
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
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
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
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
Dec 03, 2019 / News
SA Land Tax Update
On 28 November 2019, the Land Tax (Miscellaneous) Amendment Bill 2019 was passed. We've summarised the measures that mean less tax and measures that could mean more tax Read more
