Search

Display 311-320 of 349

Own adjoining land?

30/08/2019

Home owners in Metropolitan Melbourne who own adjoining land may be subject to land tax from 1 January 2020 If you own your home and adjoining land, you may currently be eligible for the principal place of residence (“PPR”) land tax exemption on both your PPR land and the adjoining land, regardless of where you […]

Fuel Tax Credits and Indirect Tax Claims

23/08/2019

The decision of the Full Federal Court in Linfox Australia Pty Ltd v Commissioner of Taxation (2019) FCAFC 131 (the Toll Road case) has now been handed down. The case is important for business fuel users in Australia as it deals directly with the meaning of “public road” in the context of the Fuel Tax […]

On-Farm IoT Grants

08/07/2019

The Victoria Government’s On-Farm Internet of Things (IoT) trial is now open! 100 Victorian agricultural businesses are to be selected for the first round of the Connecting Victoria On-Farm Internet of Things initiative. The Trials will assist in the modernisation of farm management technologies, leading to increased efficiency, productivity, and security. On offer Matched Grants […]

Single Touch Payroll

27/06/2019

From 1 July 2019, all employers will now need Single Touch Payroll (STP) software enabled. Ensure your payroll is STP compliant to avoid ATO penalties. What is Single Touch Payroll? Single Touch Payroll (STP) is the new reporting framework, which came into effect 1 July 2018. The purpose and aim of the new legislation is to protect […]

Victorian duty changes now law

17/06/2019

Significant changes to Victorian duty provisions are now law. Industry advocacy since the Victorian Budget announced the amendments calling for greater consultation regarding the intent, application and potential modifications to the changes have been largely unsuccessful. The expanded Economic Entitlement provisions have passed both Victorian Houses and is effective (from Royal Assent) whereas the corporate reconstruction provisions are […]

2019 Employee Share Scheme Reporting

12/06/2019

The Australian Taxation Office (ATO) has reporting obligations in place affecting those who offer employee share schemes. Find out how our ATO-approved software can simplify your reporting obligations. ATO reporting obligations The Australian Taxation Office (ATO) have reporting obligations in place, affecting those who offer shares or share options to their employees. The deadlines to comply […]

Large private company thresholds double from 1 July 2019

30/05/2019

Changes to the Corporations Act 2001 mean some private (proprietary) companies will no longer be classified as large, and audited financial reports no longer required. What you need to know Recent amendments to ‘Proprietary Company Thresholds’ in the Corporations Act 2001 have doubled the current thresholds for proprietary companies classified as ‘large’, and many companies that historically lodged […]

Superannuation Data Analytics

06/05/2019

Data analytics will enable you to manage your organisation’s superannuation compliance risk efficiently, as well as identifying potential savings opportunities Superannuation obligations & risks Calculating the correct superannuation for employees becomes complex when shift work, overtime, benefits and different engagement models need to be considered. The associated financial, cultural and reputational risks can be exponential […]

Lease liabilities on the balance sheet

22/03/2019

Does your company use assets on an operating lease? The new leases accounting standard could potentially result in significant adjustments to your company’s financial statements. Overview of AASB 16 Leases Applicable from 1 January 2019, companies will need to recognise operating leases, such as a lease for a building, land, machinery or IT equipment, on […]

Hybrid Mismatch - Integrity rule guidance

21/03/2019

The ATO will soon release guidance on application of the Australian Government’s new Hybrid Mismatch Integrity Rules that commenced on 1 January 2019. These new rules may impact common intra-group financing arrangements into Australia that comes via interposed entities. It is expected however, this new guidance may not fully resolve taxpayers’ concerns about applying these […]