CGT and the family home: expats and foreigners targeted again
The Government has resurrected its plan to remove access to the main residence exemption for non-residents – a move that will impact on expats and foreign residents. Back in the [...]
ANZAC Day: Honouring our Fallen Heroes
Today we remember our courageous heroes who fought during the World War I to give us the privilege of peace that we are enjoying right now. #ANZACS What happened on [...]
Proposed Changes to Research and Development Tax Incentive
A proposal to change the R&D tax incentive from July 1 2018 was proposed in the recent Federal Budget. The changes are as follows: For companies under $20M If you [...]
Data Matching Programs to Commence between the ATO and Online Accommodation Platforms
The Commissioner on Taxation has released an announcement. A data matching program between the Australian Taxation Office (ATO) and online accommodation platforms will commence soon. All information (including bank account [...]
Directors may be liable for GST
The treasury has released a draft legislation that may make a company director personally liable for Goods and Services Tax (GST). The Commissioner of Taxation may receive powers of making [...]
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If you enjoy the products and services that we offer or the expert advice that we provide, you might want to give us a review! It's easy! All you have [...]
Planning to have your kids take over the family business?
Generational succession sounds simple enough. ...until things go out of hand and the family is in dispute. For starters, it’s important to note that generational succession must be managed as closely [...]
Will Some Australians Pay More for a Good Cause?
Dick Smith's nationalistic brand announces its closure in the same month that desperate farmers plead with the public to pay a few cents more for their dairy products. The question [...]
Tax Stats Reveal the State of the Australian Community
Every year, the Australian Taxation Office (ATO) compiles the tax data they collect. They recently released 2015-16 ‘tax stats’ encapsulate the data from 16 million income tax returns lodged for [...]
Highest Earning Job Roles in Australia
The occupation with the highest average salary is a surgeon on $393,467. Second highest are anaesthetists, followed by internal medicine specialists, and psychiatrists. Legal practitioners came in seventh on an [...]