28/10/2019
The hospitality sector continues to be under intense scrutiny as more and more businesses face hefty fines due to major wage and salary underpayments. In the majority of recent cases, businesses were unable to provide accurate and readily available payroll records leaving Fair Work Australia often with no choice but to pass over the matter […]
25/10/2019
China’s Green Belt & Road Initiative and the UN Sustainable Development Goals are, respectively, the largest infrastructure project and most ambitious internationally agreed human goals in recent history. Both will need to work in partnership to achieve significant impacts by 2030. In less than 40 years, China has reduced its poverty rate from 90% to […]
23/10/2019
China’s Green Belt & Road Initiative and the UN Sustainable Development Goals are, respectively, the largest infrastructure project and most ambitious internationally agreed human goals in recent history. Both will need to work in partnership to achieve significant impacts by 2030. In less than 40 years, China has reduced its poverty rate from 90% to […]
18/10/2019
From income years commencing 1 January 2019, reporting entities will be required to recognise or account for uncertain tax positions or treatments in their financial statements. Here are some of the key points you should be aware of: On first adoption, historical tax positions may need to be evaluated. At the very least, the income […]
26/09/2019
The Australian Taxation Office (ATO) has published the Decision Impact Statement (DIS) on Linfox Australia Pty Ltd v Commissioner of Taxation (2019) FCAFC 131 (the Toll Road case). On the primary issue decided, the DIS states “The Full Court decision confirms the ATO view that a ‘public road’ is a road that is available for […]
26/09/2019
After seven successful series, we are delighted to announce that our popular Emerging Developers Series is coming to Sydney, Brisbane and Geelong. In the lead up to our successful Emerging Developers Series, we are delighted to introduce our complimentary express sessions in Sydney, Brisbane and Geelong. Our express sessions is a two-part program of interactive […]
20/09/2019
The Full Federal Court has dismissed a taxpayers appeal to claim the full Foreign Income Tax Offset (FITO) in respect of a discount capital gain. This decision should prompt taxpayers claiming FITO’s on foreign capital gains to ensure that they are only claiming the FITO on the amount of the capital gain that is assessable […]
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 […]
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 […]
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 […]