Client Alert - Explanatory Memorandum (March 2015)
Currency: This issue of Client Alert takes into account all developments up to and including 17 February 2015.
Small business tax review finds first steps for improvement
On 20 January 2015, the Government announced the release of the Board…
Client Alert (March 2015)
Small business tax review finds first steps for improvement
The results of a review into tax impediments affecting the success and growth of small businesses has been released by the Government. The review focused on small business tax reform…
Client Alert - Explanatory Memorandum (February 2015)
Borrowing by superannuation funds under scrutiny
The final report of the Murray Financial System Inquiry (the Inquiry) was released on 7 December 2014. The Inquiry made 44 recommendations relating to the Australian financial system. The…
Client Alert (February 2015)
Borrowing by superannuation funds under scrutiny
Late last year, the Murray Financial System Inquiry called on the Government to restore the general prohibition on direct borrowings by superannuation funds.
The review was of the view that…
Client Alert - Explanatory Memorandum (December 2014)
Project DO IT nearing end, taxman focus on non-disclosure
The ATO has reassured taxpayers that disclosing under Project DO IT will not give them a “red flag”.
Project DO IT, the ATO’s offshore voluntary disclosure initiative, offers…
Client Alert (December 2014)
Project DO IT nearing end, taxman focus on non-disclosure
The ATO has responded to fears expressed by some taxpayers that disclosing previously undeclared offshore income and assets could set them up for future tax investigations. The ATO has…
Tax Wise Business News (November 2014)
Repeal of measures affecting small businesses that were to be funded by the mining tax
Employee share scheme changes
Revised Superannuation guarantee charge percentages
Now is the time to prepare for SuperStream
Do you have an FBT…
Client Alert - Explanatory Memorandum (November 2014)
Subsidy to encourage employers to hire mature workers
The Tax and Superannuation Laws Amendment (2014 Measures No 5) Bill 2014 was introduced in the House of Representatives on 4 September 2014. It proposes to amend the Income Tax Assessment…
Client Alert (November 2014)
Tax claims for R&D costs mostly allowed
The AAT has mostly allowed a company’s deduction claims for research and development (R&D) expenditure at the 125% premium rate, but disallowed other claims in respect of overlapping expenditure.
Over…