Client Alert Explanatory Memorandum (November 2017)
Compensation for ATO systems outages
After the ATO’s unplanned system outages, it provided lodgment deferrals, and remitted interest and penalties where the outages affected practitioners and their clients’ lodgments. But what about compensation?
The…
Client Alert (November 2017)
Compensation for ATO systems outages
After the ATO’s unplanned systems outages, it provided lodgment deferrals, and remitted interest and penalties where the outages affected practitioners and their clients’ lodgments.
The ATO has also…
Planning for the post-Christmas slump
Planning for the post-Christmas slump
If you have failed to properly prepare for the post-Christmas slowdown many businesses experience, you may be in for a shock when you return from your well-deserved break.
Post-Christmas is a dangerous…
New government bill introduced on company tax issue
The federal government has introduced a bill clarifying the tax rate for passive investment companies, after a period of consultation with the industry revealed a series of flaws with its initial approach.
The passage of Treasury Laws Amendment…
Draft legislation on lower corporate tax rate eligibility released
Treasury has released exposure draft legislation that will generally exclude passive investment companies from accessing the lower corporate tax rate from the 2016/17 income year.
Currently, the corporate tax rate for qualifying…
Crowd-sourced equity funding for proprietary companies Bill introduced
Crowd-sourced equity funding is an innovative type of fundraising that allows a large number of individuals to make small financial investments in exchange for an equity stake in the company.
Legislation to create a crowd-sourced equity funding regime…
The ATO has issued a statement on mental health issues for business owners
One in five people in the workplace experience some sort of mental health condition. Stress, depression or anxiety can take a toll on your ability to run your business as well as your overall quality of life.
To mark World Mental Health Day…