Client Alert - March 2020

Super guarantee loopholes closed The concept of a superannuation guarantee – the legal requirement for your employer to contribute 9.5% of your salary into a nominated super account – should be familiar to everyone, as it makes up the bulk…

Explanatory Memorandum - February 2020

ATO backs down from controversial time limit ruling In 2018, the ATO issued a controversial draft ruling which took a very strict stance on the four-year time limit for claiming input tax credits and fuel tax credits. The ruling had been used…

Client Alert - February 2020

ATO backs down from controversial time limit ruling In 2018, the ATO issued a controversial draft ruling which took a very strict stance on the four-year time limit for claiming input tax credits and fuel tax credits. The ruling had been used…
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Foreign Resident CGT Regime

The government had announced that Australia's foreign resident CGT regime would be extended to deny foreign and temporary tax residents access to the CGT main residence exemption in May 2017. Following consultation, the government had also…
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Explanatory Memorandum - November 2019

Getting the benefit of your business tax losses Made a tax loss? If you’re a sole trader or individual partner, you may be able to apply the loss against other income like salary or investment income, or carry the loss forward to a future…
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Client Alert - November 2019

Getting the benefit of your business tax losses When you’re starting a new business venture, it may take some time before the business becomes profitable. And there may be other situations where an established business operates at a loss…

Explanatory Memorandum - October 2019

Small business income tax gap: ATO update New figures released by the ATO estimate that almost 90% of income tax from small businesses is paid voluntarily or with little intervention from the ATO. “This shows that the vast majority of…

Client Alert - October 2019

Small business income tax gap: ATO update New figures released by the ATO estimate that almost 90% of income tax from small businesses is paid voluntarily or with little intervention from the ATO. “This shows that the vast majority of…
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SG amnesty resurfaces in Parliament

The proposed SG amnesty is now back on the table after more than a year of uncertainty around the proposed policy. On Wednesday, the government introduced Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 into Parliament,…