11/08/2020
Following recent media reports regarding concerns for Significant Investor Visa (SIV) holders and their investments, ShineWing Australia has put together a panel of experts to assist impacted individuals with their legal, migration and financial matters. A number of recent articles in the Australian press have discussed the liquidation or voluntary administration of several large funds […]
06/08/2020
Consider the related financial, reputational and compliance risks for your business. Directors of companies/Council members that underpay their staff and/or underpay Pay As You Go (PAYG) withholding tax and Superannuation Guarantee Charge (SGC) obligations are at risk of being personally liable for breaches of the law. On 16 June 2020, legislation was passed making wage […]
03/08/2020
NSW has announced important land tax and foreign investor surcharge concessions for new build-to-rent (BTR) projects until 2040. The NSW Government last week announced tax concessions for new BTR projects until 2040, and also released a new streamlined Housing Diversity State Environmental Planning Policy that includes proposed development standards for BTR developments and other affordable […]
28/07/2020
Access all of our recorded Mandarin JobKeeper Payment webinars below. Our experts are providing regular updates, helping businesses to make sense of the initiative as it unfolds. JobKeeper update: 28 July 2020 An extension of the JobKeeper scheme was announced by the Federal Government on Tuesday 21 July 2020. The extended scheme contains significant modifications […]
27/07/2020
David Chu, Head of International Business, discusses tax return considerations for the 2019-2020 financial year. David Chu, Head of International Business, recently joined Thomas Sung (host) on the SBS Radio Cantonese Program to discuss a number of tax return considerations for the 2019-2020 financial year amidst the pandemic. Listen to the podcast episode in Cantonese or […]
22/07/2020
UPDATE: Following announcements by the Government on 6 August 2020, some modifications have been proposed to the rules outlined below. These are designed to support businesses that have been affected by the second wave in Victoria and to retain employees that may not otherwise have been supported by the JobKeeper Extension. Updated: 7 August 2020 […]
17/07/2020
On 7 July 2020, ASIC issued a temporary no-action position to allow right-of-use lease assets to count in satisfying AFSL compliance requirements. The new lease standard is effective for the first time in 2020 for June year-end companies. The change can significantly increase right-of-use assets and lease liabilities for lessees. ASIC had previously stated that […]
15/07/2020
Using Employee Share Schemes (ESS) to attract and retain talent can benefit both company and employee, particularly in the digital and start-up space. Start-up tax concessions were introduced to the ESS rules in 2015, and companies that qualify for the ESS start-up concessions are finding that ESS can help with both their cash flow hurdles […]
08/07/2020
David Chu, Head of International Business, discusses the Foreign Investment Review Board’s plans to tighten approvals for foreign investment into Australia. David Chu, Head of International Business, recently joined Thomas Sung (host) on the SBS Radio Cantonese Program to discuss the Foreign Investment Review Board’s plans to tighten approvals for foreign investment into Australia. Listen […]
30/06/2020
On 19 June 2020, the ATO issued two pieces of guidance on transfer pricing matters in the COVID-19 environment: 1. COVID-19 economic impacts on transfer pricing arrangements 2. Changing related party agreements How the ATO assess COVID-19 economic impacts on transfer pricing arrangements The ATO acknowledge that businesses will be negatively impacted by COVID-19 by […]