The Australian Tax Office make changes every year and we have provided you with the most recent updates. The following SMSF planning tips and information will assist you with your tax return for the 2015 financial year. Exceeding contribution limits Exceeding contribution limits will in most cases result in additional taxes and charges. Please see […]
Another financial year has almost come to an end and we provide you with the general tax planning for the 2015 financial year. Defer Assessable Income To utilise this strategy of delaying income, you should check the items of income that are likely to be received during the last month of the tax year. Is […]
CURRENCY: This issue of Client Alert Explanatory Memorandum takes into account all developments up to and including 15 June 2015. Small business company tax rate cut The Tax Laws Amendment (Small Business Measures No 1) Bill 2015 has been introduced. It proposes to implement a 2015–2016 Budget measures by amending the Income Tax Rates Act 1986 to […]
Small business company tax rate cut Parliament has passed legislation which will implement a 2015 Budget measure to reduce the company tax rate from 30% to 28.5% for companies that are small business entities with an aggregated turnover of less than $2 million. The company tax rate for corporate unit trusts and public trading trusts […]
Watson, Aaron. ‘Things That Shape Us’. Acuity 2.5 (2015): 58-59. Print. Alberto Saiz has learned lessons from the world’s most inspiring business leaders, in his role as MD of the World Business Forum in Asia Pacific. Acuity quizzes him about what he’s picked up along the way. We operate in a complex and dynamic business […]
TaxWise® 2015-16 FEDERAL BUDGET EDITION The 2015-16 Federal Budget was handed down on 12 May 2015. The intention of this Budget is to support small businesses and grow jobs, support families and ensure fairness of tax and benefits. At the same time, national security is being ensured as well as steadily repairing the budget in […]
Kets de Vries, Manfred. ‘Are You Ready To Lead Overseas?’. Acuity 2.4 (2015): 58-59. Print. Working in a foreign country can be a great experience. It can also be the biggest mistake of your life. THE STRESS OF living in an alien environment can shatter the most stable of relationships and leave you wondering just […]
Johnson, Alexandra. ‘Good Governance’. Acuity 2.4 (2015): 62-65. Print. Experienced director and board chair Paulo Dwyer on good governance, good governments, and taking a gamble. MELBOURNE-BASED Paula Dwyer FCA is a seasoned director and board chair, but she didn’t set out in her career to deliberately become so. Now chairman of Tabcorp Holdings Limited and […]
PERSONAL TAXATION Personal tax rates: budget deficit levy not to be extended The 2015–2016 Budget did not make any changes to the current personal tax rates, although in the lead-up to the Budget, the Treasurer indicated that the 2% budget deficit levy (tax) on incomes over $180,000 would not be extended beyond its initial three […]
CURRENCY: This issue of Client Alert takes into account all developments up to and including 15 April 2015. Tax planning There are many ways in which entities can defer income, maximise deductions and take advantage of other tax planning initiatives to manage their taxable incomes. Taxpayers should be aware that in order to maximise these […]