Government Initiatives – Small Business Restructure Simplification
The government released draft legislation on 5th November 2015 in relation to 2015-16 Budget proposal to present a roll-over to permit small businesses to change their legal structure without any CGT liability.
Small businesses may find that…
The Federal Government's "Innovation statement"
The Federal Government has published an “Innovation statement” aimed at making Australia a clever country and drive innovation. The Australian Financial Review has listed 11 offers from the Federal Government’s innovation statement worth…
Deceased Estates
At Hurley & Co our goal is to assist individuals where they have the role of managing tax responsibilities of a deceased estate.
Deceases estates hold the assets of the deceased person in trust from the time of death until all property…
The Ideas Man
Russell Howcroft has been fighting for ideas all of his adult life, and he’s got the scars to prove it. During the two decades in the advertising industry, ideas were his secret weapon in the battle for the hearts and minds of clients and…
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…
Client Alert (December 2015)
Tax negotiation limited to known debt amounts
Two company taxpayers have been unsuccessful before the Federal Court in seeking to set aside statutory demands issued by the ATO.
The matter essentially involved two individuals who carried…
Home Loans and Mortgages
We have recently had home loans and mortgages expert Mr. Scott Compton, move into our North Sydney office.
Scott has been a home lending advisor for a number of years and is currently trading as Financial Solutions by Design Pty Ltd.
Scott…
SMSF’s Still On The Rise
SMSF’s Still On The Rise
The June 2015 quarterly Self-managed Super Fund (SMSF) statistical report from the ATO highlights the continuing progression of self-managed super funds (SMSFs). 1.05 million Australians are now members of an SMSF.…
Client Alert (November 2015)
Unbundling phone and internet expense claims for work purposes
Individuals can claim deductions for mobile, home phone and internet expenses that have been incurred for work purposes. However, correct apportionment for work use is a key issue.…
