30/03/2023
With multiple economic factors currently affecting the property industry, we are delighted to bring you this property development seminar with experts who have lived through boom & bust periods, and have genuine advice and insights into the industry’s current challenges and opportunities. The interactive face to face event was hosted by SW property expert, Sejla Kadric, […]
30/03/2023
Whether you’re considering being part of our team or have already submitted an application, please join us for our Open office! See what its really like to work at SW. Learn more about our divisions, the accounting profession and make connections from Grads to Partners over nibbles and drinks. We hope to see you there! […]
29/03/2023
Greg Will, SW Director and specialist business advisor, talks to Mike Loder, the host of Ticker News, about a recent report on how Australian small and medium sized enterprises (SMEs) are performing in the current economic climate. The report was conducted in partnership with Small Business Australia, a respected advocacy group for SMEs, to identify […]
23/03/2023
The Australian Treasury released Exposure Draft legislation aimed at strengthening Australia’s thin capitalisation (thin cap) rules. The Government is seeking feedback on the Exposure Draft which also proposes to disallow interest on debt used to fund foreign companies. The Exposure Draft, released on 16 March 2023, is in line with the Government’s commitment to address […]
20/03/2023
What will the Federal Budget 2023/24 deliver to support you, your business and your industry? With inflation issues globally, we are seeing continued pressure on interest rates and cost of living, staffing shortages, supply chain issues and rising business costs. This Budget will need to deliver for Australian businesses, and particularly small to medium-sized enterprises […]
10/03/2023
In the lead-up to the May budget, the Albanese Government has announced a major change to taxes on superannuation earnings for balances over $3 million. Current superannuation taxes An individual’s retirement savings, held in a complying superannuation fund, is subject to concessional taxation on earnings of income and capital gains. The extent of the tax concession […]
10/03/2023
The Australian Taxation Office (ATO) has updated its guidance on effective tax governance for the Top 500 private groups in Australia. The Top 500 program focuses on preventive action, and its key concept is ‘Justified Trust,’ which ensures confidence in the community that the largest private groups are paying the correct amount of tax. To […]
07/03/2023
Poker machine money laundering is in the spotlight again after concerns around serious and organised criminals targeting pubs and clubs to launder money. With the news regarding SkyCity, AUSTRAC has cited ‘systemic failures’ in the operator’s anti-money laundering and counter-terrorism financing (AML/CTF) programs, particularly regarding the failure to have a transaction monitoring program and to […]
07/03/2023
Ampol Limited, formerly Caltex Australia, has settled a transfer pricing dispute with the Australian Taxation Office (ATO) for $157 million. Ampol Group (Ampol) is an Australian energy company that operates in the fuel and convenience retail sector. Its subsidiaries in Singapore (Ampol Singapore) serve as a trading and shipping arm of the group, sourcing refined […]
01/03/2023
For employers lodging fringe benefits tax (FBT) returns, the volume of declarations and record keeping documentation is arduous and ongoing. Last week the Australia Taxation Office (ATO) issued four draft instruments that aim to reduce this. The draft legislative instruments specify acceptable alternative record-keeping obligations (other than an employee declarations) in respect of expense payment […]