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 […]
Separate ATO appeals unit needed to resolve tax disputes The Inspector-General of Taxation has called for a separate appeals unit within the ATO following a review of the ATO’s management of tax disputes. The Tax Inspector noted that while the ATO’s recent initiatives represent a positive step in tax dispute management, more could be done […]
Gettler, Leon. ‘Changing Change Management’. Acuity 2.3 (2015): 48. Five tips from management guru Tom Peters on how to make change management programmes work by Leon Gettler TOM PETERS , one of the world’s most influential management thinkers, burst on to the scene 33 years ago with the publication of In Search of Excellence, an […]
Giuffre, Remo. ‘A General Thinker’s Trips For Entrepreneurs’. Acuity 2.3 (2015): 40. Print. THERE ARE GOOD, bad and ugly things about being an entrepreneur. It’s a sporadically very rewarding but often very hard life. Financial security is rarely a feature. Superannuation? What’s that? If, as an entrepreneur, you could choose another life, maybe you would. […]
Adam Ferguson. (2015). Future Tech. Acuity. 2 (1), p36-p38. THE RAPID GROWTH of cloud services and products and the adoption of the technology among the small business community has created a raft of benefits for industry and the economy. In the first quarter of this year, just under a third of SMEs in Australia and […]
IN THIS ISSUE Medicare Levy Surcharge and Private Health Insurance Rebate Superannuation guarantee rateSuper contributions caps Changes to superannuation excess concessional contribution cap Are you paying super fund fees unnecessarily? Time limits for Family Assistance lump sum payments Dabbling in Bitcoin? What’s the ‘tax’ story? What’s the ATO’s view of GST and crowdfunding? Are you […]