Client Alert Explanatory Memorandum (December 2016)
Contrived trust arrangements in ATO sights
On 17 November 2016 the ATO released Taxpayer Alert TA 2016/12, which deals with trust income reduction arrangements that are under review. The ATO says the arrangements appear designed to exploit…
Client Alert (December 2016)
Contrived trust arrangements in ATO sights
The ATO has cautioned taxpayers against arrangements that seek to minimize tax by creating artificial differences between the taxable net income and distributable income of closely held trusts. Deputy…
MYOB'S ONLINE RECOVERY ACT
MYOB'S JOHN MOSS IS FIGHTING TO SOLVE A CLASSIC STRATEGIC CHALLENGE: HOW A POWERFUL INCUMBENT CAN RESPOND TO INNOVATIVE NEW COMPETITORS.
Australia's SME accounting software market is one of the most competitive software spaces in the world.…
Client Alert Explanatory Memorandum (November 2016)
Budget superannuation changes on the way
The Federal Government has been releasing exposure draft legislation intended to give effect to most of its 2016–2017 Budget superannuation proposals. The first and second tranches of exposure drafts…
Client Alert (November 2016)
Budget superannuation changes on the way
The Federal Government has been consulting on draft legislation to give effect to most of its 2016–2017 budget superannuation proposals. Here are some of the key changes.
Deducting personal contributions
All…
Ethics in Finance - Survey
IN JULY 2016, the Governance Institute of Australia's inaugural Ethics Index — the first survey of its kind conducted in Australia - was launched.
Significantly, the research found more people view company chairs, CEOs and senior executives…
Client Alert Explanatory Memorandum (October 2016)
Personal middle income tax rate cut on the way
The Treasury Laws Amendment (Income Tax Relief) Bill 2016 (the Bill) has been introduced in the House of Representatives. It proposes to amend the Income Tax Rates Act 1986 to increase the third…
Client Alert (October 2016)
Personal middle income tax rate cut on the way
The Federal Government has introduced a Bill which proposes to implement its 2016 Budget proposal to increase the third personal income tax threshold that applies to personal income taxpayers.…
Client Alert Explanatory Memorandum (September 2016)
Share economy participants reminded of tax obligations
The ATO has reminded tax professionals to consider clients who may be involved in the share economy. Some individuals may not be aware they have tax obligations when earning income through…
Client Alert (September 2016)
Share economy participants reminded of tax obligations
The ATO has reminded people who earn income in the share economy that they have tax obligations. The type of goods or services you provide, and how much you provide, will determine what…