04/03/2021
Our tax experts provided updates on: New and recent developments FBT recap and hot topics – reducing FBT on cars and car parking due to COVID-19 Global mobility and impacts of COVID-19 on tax residency and employee tax obligation Payroll tax and COVID-19 concessions The rise in popularity and attractiveness of employee share and incentive plans […]
03/03/2021
Guidelines have been released, outlining the Land tax concession, Surcharge land tax exemption and Surcharge transfer duty exemption for Build to Rent properties in New South Wales. In August 2020, the NSW Government introduced certain tax concessions for approved Build to Rent (BTR) schemes in New South Wales, being; A 50% reduction in the value […]
16/02/2021
The Land Tax Assessments for 2021 are being issued by the relevant State Revenue Offices (SRO). Are they correct and are you paying too much Land Tax? Usual Land Tax Assessment process Each Council/Shire engages a Licensed Valuer for the purpose of valuing each property in their municipality in respect of: The Capital Improved Value […]
16/02/2021
Last week The University of Adelaide’s South Australian Centre for Economic Studies (SACES) released a research report commissioned by the state’s Australian Hotels Association (SA Branch), highlighting the impacts of November 2020’s short, sharp lockdown which was introduced due to a community outbreak of COVID-19. SACES has urged the State Government to adopt a more […]
10/02/2021
01/02/2021
The Australian Stock Exchange (ASX) extends lodgement deadlines for audited or reviewed half-year accounts and annual reports of listed entities with reporting periods up to 7 January 2021. The Australian Securities and Investments Commission (ASIC) has extended financial reporting deadlines for listed and unlisted companies by one month for entities with reporting periods up to […]
27/01/2021
What do business owners need to consider before selling, for the supply of a going concern to be characterised as GST-free? COVID-19 restrictions have led to adverse trading conditions, causing some businesses to temporarily close or downsize their operations. These range from the small CBD coffee cart in the office foyer, through to huge airlines […]
16/12/2020
On 6 November 2020, a unanimous decision was released by the Full Federal Court of Australia (the Court) in favour of the taxpayer in a significant transfer pricing appeal (1) involving $241 million amended income tax assessment (2). The initial court decision handed down two years ago. Case background The dispute between Glencore and the […]
09/12/2020
Thank you for your continued support throughout 2020. We wish you and your family a safe and happy holiday season. Our offices will be closed from Monday 21 December 2020 to Sunday 10 January 2021 inclusive.
04/12/2020
The QLD Government has announced a number of measures focussing on supporting businesses and creating more jobs within the state, including an infrastructure program to back recovery. Key takeaways $14.8bn infrastructure spending in 2020-21 – largest annual commitment in over a decade Infrastructure focus on roads and rail with key links in South East QLD, […]