Planning for tax and foreseeing what taxes will impact you in the future is generally the last thing on people's minds. 30 June comes and goes and you realise once again you have been hit with a..
This month’s newsletter material was sourced from Thomson Reuters WTB issues on 17 August, 24 August and 7 September 2012.
Australia’s new transfer pricing rules were introduced in June 2013 and now enable the Australian resident entity to self-assess whether there is a transfer pricing benefit for the purpose of their..
Since 1 July 2000 a goods and services tax (GST) has been in effect in Australia. This GST is effectively a tax of 10 per cent applied to the consumption of most goods, services and property in..
The R&D tax incentive is a key element of the Government's support for Australia's innovation system. In conjunction with other programs the Incentive helps SMEs to grow, creating further business..
As part of the Federal Budget, businesses in the building and construction industry need to report for the period starting 1 July 2012 the total payments they make to each contractor for building and..
With the 30 June end of year approaching soon, thoughts turn to preparing for tax compliance. While this can be done during the year, with only one month left until the deadline, it is valuable to..
Recent changes in the law now make Directors personally liable for any unpaid PAYG Withholding and Superannuation Guarantee (SG) that is more than 3 months outstanding. Effectively, the Australian..
The ATO has targeted foreign nationals and international clients over the past two budgets.
After releasing most of the big changes in the last few weeks, including proposed reforms to superannuation and increases to the Medicare Levy, the Government didn’t have much left to announce in the..
Big business changes will impact some of our clients in future years, such as the obligation for monthly tax instalments from 2017 for businesses with $20 million turnover.
Pay as you go (PAYG) instalments are a system used by the Australian Taxation Office (ATO) to collect tax payments towards your expected income tax liability for the current financial year. These..
