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Sporting Clubs 2024 annual return reporting moves a step closer

15/12/2023

The ATO website has been updated to advise Not-For-Profits (NFPs), including sporting clubs, that they are required to lodge their first NFP self-review return for the 2023-24 income year, between 1 July and 31 October 2024. First announced in the 2021 Federal Budget, NFP’s including sporting clubs, societies and associations, with an active Australian business […]

Navigating tax implications of holding vacant land

14/12/2023

The Meakins case examines the deductibility of holding costs for vacant land. The findings emphasise the importance of demonstrable, income-generating activities to support tax deduction claims on vacant land, offering crucial insights for property investors and taxpayers. The recent Administrative Appeals Tribunal (AAT) case Meakins and Commissioner of Taxation [2023] AATA 3852 (Meakins), highlights its […]

Media release | SW announces new partner promotion - Trent Godden-Minette

13/12/2023

SW Accountants & Advisors (SW) is excited to announce the promotion of Trent Godden-Minette to partner, effective 1 January 2024, growing its partner ranks nationally and demonstrating an ongoing commitment to growth and client support. Mr. Duane Rogers, CEO and Partner of SW congratulates Trent on his appointment and is pleased to see the firm’s […]

Trent Godden-Minette, Partner

13/12/2023

Trent Godden-Minette has been an integral part of SW since joining as a graduate in 2015. Over the years, he has built a diverse portfolio of experience across various industries, specialising in external audits and technical accounting services. Trent has been instrumental in delivering high-quality audit and assurance services to clients ranging from not-for-profits to […]

Media release | SW announces new board member – Greg Will

12/12/2023

SW is delighted to announce the appointment of Greg Will, Director, to the SW Executive Board, effective 1 January 2024. Says Chair of SW, Mr Stephen O’Flynn, “Since Greg and his team joined SW in 2022, he has played a key role in building our visibility and capability in our Sydney market and more broadly […]

New foreign property investment rules to combat housing crisis

12/12/2023

Increased costs for foreign property investors will aim to improve the availability and affordability of homes for Australians. Foreign investors will face higher taxes on existing properties meanwhile the Federal Government will incentivise ‘Build-to-Rent’ projects by setting fees at the lowest commercial rate. On Sunday 10 December, the government announced property tax changes to penalise […]

FBT implications for Christmas parties & gifts

08/12/2023

With the festive season in full swing, businesses are celebrating their achievements and expressing appreciation for their employees. Ensure you consider the Fringe Benefits Tax (FBT) effects to prevent unexpected FBT costs. Christmas celebrations are a wonderful way to end the calendar year, reflect and celebrate with your team. Find out if your Christmas events […]

Polar 993 Founder Adam Lindell talks fund management insights with SW's Director Rick Hemphill

07/12/2023

Welcome to an exclusive interview series where SW’s Director, Rick, engages in insightful conversations with Polar 993 Founder, Adam Lindell. Together, they dissect the intricate world of fund management, offering an insider’s perspective on the nuances of navigating the financial landscape. Embark on a journey into the fundamentals of fund management as SW’s Director, Rick […]

More thin capitalisation reforms - changes to Bill released

07/12/2023

The further thin capital amendments are a step in the right direction for significant multinational tax reform. However, more still needs to be done to ensure the Bill is a targeted and measured response to the issue of base erosion.  The government has introduced more amendments to the thin capitalisation and debt deduction creation rules […]

Season's Greetings from SW 2023

06/12/2023

From all of us here at SW, we would like to thank you for your continued support throughout 2023. We are incredibly proud of how our community has demonstrated the values in this year #ownit #loveyourwork #embracetheride #sharetheload #opendoors. We wish you and your family the very best for the festive season and a healthy, […]