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…
Client Alert - Explanatory Memorandum (October 2014)
Mining tax gone but watch for associated tax changes
Following the speedy passage of the mining tax repeal legislation, on 9 September 2014 the Government announced that it will be recommending to the Governor-General that he proclaim 30 September…
Client Alert (October 2014)
Mining tax gone but watch for associated tax changes
The mining tax has been repealed. However, in order to pass the legislation through the Senate, the Government made a deal with the Palmer United Party and Senator Muir to defer the abolition…
Client Alert - Explanatory Memorandum (September 2014)
Share transfer to family partnership ineffective
The Administrative Appeals Tribunal (AAT) has dismissed applications from a married couple and found that they were each assessable on dividends of some $1.8 million that they did not return…
Client Alert (September 2014)
Share transfer to family partnership ineffective
A husband and wife have been unsuccessful before the Administrative Appeals Tribunal (AAT) in arguing that they had transferred shares in a family company to a family partnership, and that therefore…
Client Alert - Explanatory Memorandum (July 2014)
Tax debt release on serious hardship grounds refused
A taxpayer has been unsuccessful before the Administrative Appeals Tribunal (AAT) in seeking to be released from his tax liabilities under s 340-5 of Sch 1 of the Taxation Administration…
Client Alert (July 2014)
Tax debt release on serious hardship grounds refused
In a recent case, the Administrative Appeals Tribunal (AAT) refused an individual's application to be released from his tax debt of $58,000 on the grounds of serious hardship.
The AAT…
Tax Wise Individual News (November 2012)
ATO Compliance Program
New Tax Rates – Residents and Non-Residents
Household Assistance Package
Tax Offsets
SchoolKids Bonus
Private Healthcare and Medicare Levy Surcharge changes
Superannuation
Are you an employee or contractor?
Living…