Foreign Resident CGT Regime
The government had announced that Australia's foreign resident CGT regime would be extended to deny foreign and temporary tax residents access to the CGT main residence exemption in May 2017.
Following consultation, the government had also…
Explanatory Memorandum - November 2019
Getting the benefit of your business tax losses
Made a tax loss? If you’re a sole trader or individual partner, you may be able to apply the loss against other income like salary or investment income, or carry the loss forward to a future…
Client Alert - November 2019
Getting the benefit of your business tax losses
When you’re starting a new business venture, it may take some time before the business becomes profitable. And there may be other situations where an established business operates at a loss…
Explanatory Memorandum - October 2019
Small business income tax gap: ATO update
New figures released by the ATO estimate that almost 90% of income tax from small businesses is paid voluntarily or with little intervention from the ATO.
“This shows that the vast majority of…
Client Alert - October 2019
Small business income tax gap: ATO update
New figures released by the ATO estimate that almost 90% of income tax from small businesses is paid voluntarily or with little intervention from the ATO.
“This shows that the vast majority of…
SG amnesty resurfaces in Parliament
The proposed SG amnesty is now back on the table after more than a year of uncertainty around the proposed policy.
On Wednesday, the government introduced Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 into Parliament,…
Non-compliant payments to workers: is your tax deduction at risk?
Recent changes to tax law give employers greater reason than ever to be extremely careful in complying with their tax withholding obligations.
The changes were made by the Treasury Laws Amendment (Black Economy Taskforce Measures No.…
Super "Opt Out" Choice For High Earners
Are you a medical professional or company director hired by multiple organisations who make compulsory super guarantee (SG) contributions on your behalf? Or perhaps you're simply a high-income professional with an extra employment arrangement…
Explanatory Memorandum - September 2019
Warning to watch out for myGov and ATO tax scams
The government’s Stay Smart Online website (www.staysmartonline.gov.au) warns taxpayers that there is a surge in scammers impersonating trusted bodies like myGov and the ATO to trick people…
Client Alert - September 2019
Warning to watch out for myGov and ATO tax scams
The government’s Stay Smart Online website warns there has been a surge in scammers impersonating myGov and the ATO to trick people into giving them money or personal details. These scams can…