Client Alert (June 2016)

Tax incentives to promote innovation Innovative companies with an interest in getting involved in the “ideas boom” need to be aware of the Government’s proposed tax incentives to help promote innovation. The Government has released draft…

Client Alert Explanatory Memorandum (May 2016)

CURRENCY: This issue of Client Alert takes into account all developments up to and including 13 April 2016. Tax planning There are many ways in which entities can defer income, maximise deductions and take advantage of other tax planning…

Client Alert (May 2016)

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 income. Taxpayers should be aware that they need to start the year-end tax…

Client Alert Explanatory Memorandum (April 2016)

CURRENCY: This issue of Client Alert takes into account all developments up to and including 16 March 2016. Deadline looming for SMSF collectables compliance From 1 July 2011, self managed superannuation fund (SMSF) investments in collectables…

Client Alert (April 2016)

Deadline looming for SMSF collectables compliance The ATO has reminded trustees of self managed super funds (SMSFs) that if they have investments in collectables or personal-use assets that were acquired before 1 July 2011, time is running…

Client Alert Explanatory Memorandum (March 2016)

CURRENCY: This issue of Client Alert takes into account all developments up to and including 17 February 2016. Tax relief for small businesses that restructure on the way The Tax Laws Amendment (Small Business Restructure Rollover) Bill…

Client Alert (March 2016)

Tax relief for small businesses that restructure on the way Small businesses are important to the Australian economy, as they facilitate growth and innovation. However, as a small business develops over time, its initial legal structure may…

Client Alert Explanatory Memorandum (February 2016)

CURRENCY: This issue of Client Alert takes into account all developments up to and including 13 January 2016. Single Touch Payroll pilot and tax offset proposed On 21 December 2015, the Assistant Treasurer released details concerning the…

Client Alert (February 2016)

Single Touch Payroll pilot and tax offset proposed The Government is looking to cut red tape for employers by simplifying tax and superannuation reporting obligations through its initiative called Single Touch Payroll (STP). “Employers currently…

Client Alert Explanatory Memorandum (December 2015)

CURRENCY: This issue of Client Alert takes into account all developments up to and including 17 November 2015. Tax negotiation limited to known debt amounts Two corporate taxpayers have unsuccessfully applied to the Federal Court to have statutory…