Ten-year plan for corporate tax cuts has now been fast tracked
Ten-year plan for corporate tax cuts has now been fast tracked On 25 October 2018, the Treasury Laws Amendment (Lower Taxes for Small and Medium Businesses) Act 2018 (the Act) received Royal Assent [...]
Some movement on Div 7A … at last!
Some movement on Div 7A … at last! On 22 October 2018, the Treasury released a consultation paper titled Targeted amendments to the Division 7A integrity rules. The paper sets out the Government’s proposed implementation [...]
New annual registered agent authorisations for Single Touch Payroll
New annual registered agent authorisations for Single Touch Payroll The Single Touch Payroll (STP) reporting regime commenced on 1 July 2018 for ‘substantial employers’ (businesses with at least 20 employees). Since 1 July [...]
Certainty at last for base rate entities … or not?
Certainty at last for base rate entities … or not? Background After a long period of uncertainty, and in the midst of the recent Liberal Party leadership spill, the Senate on 23 August [...]
The SG Amnesty: What should employers do?
The SG Amnesty: What should employers do? There is much confusion among tax practitioners and their clients regarding the proposed Superannuation Guarantee (SG) Amnesty, which is intended to run for 12 months from [...]
The Superannuation Legislative Landscape
The Superannuation Legislative Landscape The Government’s Fair and Sustainable Superannuation Reforms have now been in place for over a year and the measures announced in this year's Federal Budget continue to make changes [...]
Tax Fundamentals: CGT Events
Tax Fundamentals: CGT events Pop quiz! … How many CGT events are there? Our Tax Fundamentals trainer, Lee-Ann Hayes asks this question often of her groups and enjoys the varying replies she gets back. [...]
The work-related expenses tax gap
The work-related expenses tax gap On 12 July 2018, the ATO published the income tax gap for ‘individuals not in business’, comprising around 9.6 million individuals who are not in business and earn [...]