Tax Planning - July 2017

Tax planning There are many ways that 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 planning…

Client Alert (May 2017)

Tax assistance for people affected by Cyclone Debbie The ATO has said it will fast-track refunds for people affected by extreme weather and flooding associated with Tropical Cyclone Debbie and ex-Cyclone Debbie in Queensland and New South Wales,…

Federal budget | June 2017

PERSONAL TAXATION No change to personal tax rates; Budget deficit levy to end The 2017–2018 Federal Budget contained no changes to the personal income tax rates and thresholds. This means that the 2% budget deficit levy on incomes over $180,000…

Client Alert (April 2017)

Ride-sharing drivers must register for GST In a recent decision, the Federal Court has held that the UberX service supplied by Uber’s drivers constitutes the supply of “taxi travel” for the purposes of GST. The ATO has now advised that…

Client Alert Explanatory Memorandum (March 2017)

Re-characterisation of income from trading businesses On 31 January 2017, the ATO released Taxpayer Alert TA 2017/1 Re-characterization of income from trading businesses. The ATO said it is reviewing arrangements that attempt to fragment…

Client Alert (March 2017)

Re-characterisation of income from trading businesses The ATO has released Taxpayer Alert TA 2017/1 to say it is reviewing arrangements that try to fragment integrated trading businesses to re-characterise trading income as more favourably…

PREPARING FOR THE NEW WORLD OF SUPER

With SMSFs now holding more than $622 billion in investments, trustees and members who are in a position to should make a point of boosting their balances ahead of 30 June. But there are plenty more issues to consider, some complex and with…

FIGHT OF HIS LIFE -Allan Lorraine-

Enclosed is an inspiring article which illustrates the effects of never giving up and the benefits of paying attention to detail. FIGHT OF HIS LIFE   -Allan Lorraine- In October 2009, Allan Lorraine CPA secured a place for himself and…

HOAM LOAN INTEREST RATES

We currently have a home loan broker operating in our office premises, Mr. Scott Campton, the Director of Financial Solutions by Design. He is available to help you with home loan requirements and best rates. Please also note that Scott assists…