News & Reviews
Get real about Super
Date posted: Monday, May 11, 2015
$1 million is no longer the magic figure for a couple to travel offshore once a year, eat out with friends and enjoy a relaxed retirement. ILLUSTRATION BY SAM BENNET Get Real About Super Saving with lower returns and rising longevity experts are re-evaluating how much you need to fund your retirement, writes Sally Patten. […]
Read more about Get real about SuperClient Alert, April – May 2015
Date posted: Monday, May 11, 2015
Tax planning There are many ways in which entities can defer income, maximise deductions and take advantage of other tax planning initiatives to manage their taxable incomes. Taxpayers should be aware that in order to maximise these opportunities, they need to start the year-end tax planning process early. Of course, those undertaking tax planning should […]
Read more about Client Alert, April – May 2015Client Alert February – March 2015
Date posted: Thursday, February 26, 2015
Small business tax review finds first steps for improvement The results of a review into tax impediments affecting the success and growth of small businesses has been released by the Government. The review focused on small business tax reform and, in particular, simplifying processes and cutting excessive red tape. In releasing the review findings, the […]
Read more about Client Alert February – March 2015Seasons Greetings 2014
Date posted: Thursday, December 11, 2014
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Read more about Seasons Greetings 2014Client Alert December 2014 – January 2015
Date posted: Wednesday, November 26, 2014
Project DO IT nearing end, taxman focus on non-disclosure The ATO has responded to fears expressed by some taxpayers that disclosing previously undeclared offshore income and assets could set them up for future tax investigations. The ATO has reassured taxpayers that disclosing under Project DO IT will not give them a “red flag”. ATO Deputy […]
Read more about Client Alert December 2014 – January 2015The Report October / November 2014
Date posted: Monday, September 22, 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 2014 as the commencement date for Schedules 1 to 5 to the Minerals Resource Rent Tax […]
Read more about The Report October / November 2014The Report August / September 2014
Date posted: Tuesday, July 22, 2014
Budget Levy from 1 July 2014 The Government’s Temporary Budget Repair Levy is now law. The levy is be payable at the rate of 2% of each dollar of an individual’s annual taxable income over $180,000. The levy is active for three financial years, starting on 1 July 2014 and ending on 30 June 2017. […]
Read more about The Report August / September 2014The Report June / July 2014
Date posted: Thursday, May 15, 2014
Tax amnesty for undeclared offshore income The ATO has launched a voluntary disclosure initiative known as “Project DO IT: disclose offshore income today”. The Tax Commissioner, Chris Jordan, has warned that the initiative is a last chance opportunity for individuals who have not declared their overseas assets and income to come back into the tax […]
Read more about The Report June / July 2014Budget 2014
Date posted: Thursday, May 15, 2014
PERSONAL TAXATION 2% deficit levy for three years from 1 July 2014 on incomes over $180,000 The Treasurer announced the introduction of a Budget deficit levy (ie tax), which will apply for three years from 1 July 2014. This temporary levy will apply at 2% for incomes over $180,000 (ie 2% on taxable income in excess of […]
Read more about Budget 2014The Report April – May 2014
Date posted: Tuesday, April 29, 2014
Tax planning There are many ways in which entities can defer income, maximise deductions and take advantage of other tax planning initiatives to manage their taxable incomes. Taxpayers should be aware that in order to maximise these opportunities, they need to start the year-end tax planning process early. Of course, those undertaking tax planning should […]
Read more about The Report April – May 2014