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 […]
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 opportunities, they need to start the year-end tax planning process early. Of course, those undertaking tax planning should […]
Blayney, M. (2015). Profiting from Happiness. In The Black, March 2015. A smile can go a long way in a healthy workplace. A recent study from the University of Michigan’s Ross School of Business discovered that happy employees work harder than unhappy ones, call in sick less frequently, go the extra mile when performing a […]
Separate ATO appeals unit needed to resolve tax disputes The Government has released the Inspector-General of Taxation’s report on the ATO’s management of tax disputes. The report was prepared at the request of the House of Representatives Standing Committee on Tax and Revenue to assist with the large business and high-wealth-individual themes of its Inquiry into Tax Disputes. The Inspector-General’s […]