06/02/2024
The ATO has released a new draft tax ruling (TR 2024/D1) on the character of software arrangements for public consultation. This outlines the Commissioner’s view as to when payments would fall under a software arrangement and are subject to royalty withholding tax. The over-arching view remains that payments made for vast majority of software arrangements […]
05/02/2024
感谢您一直以来的支持。 祝愿您在新的一年里幸福安康、成就辉煌。Thank you for your support throughout the year. We wish you a healthy, successful & prosperous new year.
02/02/2024
At our annual Employment Taxes update for the Not-for-profit, Government and Corporate sectors our experts will delve into the ever-evolving world of employment taxes, offering you a unique opportunity to stay ahead in this dynamic field. During the session, our experts will provide insights and actionable knowledge that will empower your organisation to navigate […]
22/01/2024
The ATO has further updated their website to assist Not-for-profits (NFPs), including sporting clubs, prepare in advance of lodging their first online NFP self-review return for the 2023-24 income year. The NFP self-review return will be available from the Online Services section of the ATO website from 1 July 2024. It will be due for […]
22/01/2024
The Australian government has proposed a new bill that would require certain entities to prepare annual sustainability reports, aiming to enhance the transparency and comparability of climate-related information. Introduction To improve the disclosure and accountability of climate-related matters the Australian government’s final Policy statement proposes to mandate certain entities follow the new sustainability reporting standards […]
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 […]
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 […]
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 […]
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 […]
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 […]