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ATO administration relief

18/03/2020

The Australian Taxation Office (ATO) also announced a series of administrative concessions to assist businesses impacted by COVID-19. Updated 4 May 2020 The Federal Government has announced a range of incentives to assist businesses to withstand and recover from the impact of COVID-19 and boost the economy. In addition to the legislative changes, the Australian […]

How will the pandemic challenge the future of the Australian economy

18/03/2020

David Chu, Head of International Business, discusses the challenge of the pandemic on the future of the Australian economy. David Chu, Head of International Business, recently joined Thomas Sung (host) on the SBS Radio Cantonese Program to discuss the challenge of the pandemic on the future of the Australian economy. Listen to the podcast episode […]

Grant alert: Recycling Victoria Infrastructure Fund - Materials

17/03/2020

With grants of up to $8 million available, Sustainability Victoria is investing $28 million into local businesses to divert common recyclable wastes from landfill. UPDATE 18 March 2020: In light of recent events, the the due date for EOIs has been extended until Friday 8 May 2020 by 3pm. Additionally, Local Government Authorities are also now […]

Grant alert: Recycling Victoria Infrastructure Fund – Hazardous Waste (Solvents)

17/03/2020

With grants of up to $6 million available, Sustainability Victoria is assisting local businesses to invest in the state-of-the-art infrastructure required to recycle hazardous liquid wastes and solvents. UPDATE 18 March 2020: In light of recent events, the the due date for EOIs has been extended until Friday 8 May 2020 by 3pm.  Businesses who are […]

Staying invested for long term returns

16/03/2020

Last week continued to see markets swing between unbridled optimism and moribund pessimism with wild intraday movements hanging on the words of leaders around the world. For investors this makes for a roller coaster ride of emotions that can make many lose sight of the big picture and the long term. Last week we discussed […]

Our approach to COVID-19

13/03/2020

We take the health and wellbeing of our people, clients and the broader community seriously. As at 13 March 2020. With the outbreak of COVID-19, we have implemented safeguards that meet Australian Government COVID-19 guidelines and our firm has taken further steps to minimise any risk of infection and impact. Our management team meets regularly […]

Superannuation Guarantee Amnesty now in force

13/03/2020

The Superannuation Guarantee Amnesty Bill has received Royal Assent. Employers have until 7 September 2020 to make voluntary disclosures of superannuation guarantee underreporting. Introduction On 6 March 2020 the Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 received Royal Assent. This means that the Superannuation Guarantee (SG) amnesty that was announced in the 2018 budget […]

Directors soon to be personally liable for unpaid GST

12/03/2020

As of 1 April 2020 Australian company directors will become personally liable for any of their company’s unpaid GST. Under the recently enacted Combating Illegal Phoenixing legislation the director penalty rules have been extended to encompass the indirect taxes, Goods and Services Tax, Luxury Car Tax and Wine Equalisation Tax. From 1 April 2020, directors […]

Employment Taxes Update 2020

10/03/2020

ShineWing Australia invites you to our annual Employment Taxes Update which outlines the latest tax news and changes. The seminar will discuss the latest tax news and changes and provide an update on the following: What’s new and recent developments FBT recap Superannuation & Amnesty update Global mobility & Tax residency insights Employee Share Scheme trends […]

Market volatility and investing for the long term

10/03/2020

The world is watching with concern of the spread of the new coronavirus. The uncertainty is being felt around the globe and it is unsettling on a human level as well as from the perspective of how markets respond. At ShineWing Australia, it is a fundamental principle of our investment philosophy that markets are designed […]