23/11/2021
Globalisation and technological advances have dramatically changed the manufacturing industry in recent years, with our once thriving sector falling victim to volatile commodities markets and cheap overseas labour. And as Australia continues to seek overseas resources to meet operational needs and reduce costs, the industry is continuing to tighten. With extensive experience in the manufacturing […]
23/11/2021
Successfully running an automotive business requires more than selling cars, car parts or insurance. Today, there are the added pressures of keeping pace with regulatory changes, meeting franchisors’ increasing sales targets and effectively managing cash flow in response to manufacturers’ changing bonus schemes. Whether you’re a dealer, manufacturer, distributor, financier or part of the automotive […]
10/11/2021
From 1 July 2020, the cents per kilometre deduction rate for car expenses will rise to 72 cents per kilometre (previously 68 cents). The new rate will apply until such time that the commissioner determines that a change to the rate is necessary and continues to apply to the 2022 tax year. The cents per […]
03/11/2021
Andy has extensive experience providing accounting, taxation and business advisory services to a broad spectrum of clients, ranging from high net worth individuals to large private businesses and subsidiaries of foreign multinationals. He regularly assists foreign businesses and investors on their move to Australia, providing initial structuring and set up advice, strategic tax planning, ongoing […]
26/10/2021
Learn the major changes in the Victorian property and tax landscape. Co-hosted with Bridgestone Property Group and Align Law, our experts discussed: Commercial real estate market update and recent transactions Windfall gains tax Build to Rent Concessions Your guides online James YeDirector, SW Robert ParkerConsulting Director, SW Chao ZhangDirector, Stonebridge Property Group Amber LiProperty Law […]
15/10/2021
Changes to charity land tax exemption to increase University land tax bills. The recently released Windfall Gains Tax and State Taxation and Other Acts Further Amendment Bill 2021 has introduced Victoria’s new Windfall Gains Tax and included changes to the charity exemption for land tax. This should be considered closely by Universities that hold land […]
14/10/2021
After being deferred 12 months from the original Victorian Budget announcement, the windfall gains tax (WGT) will come into effect on 1 July 2023. This applies to uplifts in land value resulting from amendments to planning schemes that take effect on or after 1 July 2023 and is payable by the owner of the land […]
12/10/2021
In the 2020-2021 Federal Budget, the Government announced the Super Reforms – Your Future, Your Super measure. A measure aiming to reduce employees accumulating multiple super accounts when moving jobs. These changes will come into effect from 1 November 2021. What is Super Stapling? Currently, where an employee does not nominate a complying superannuation fund, […]
12/10/2021
Recent changes to land tax and duties will impact foreign property owners. Most States across Australia tinkered with their foreign owner land tax and duty regimes as part of their last budget. None of these changes were good for foreign investors. These changes mainly impact residential property but they also impact on commercial property in […]
07/10/2021
Co-hosted with Wine Australia and tailored for the wine sector, our experts: Explore what the EMDG is Discuss how the EMDG is structured and who is eligible Provide practical tips via Q&A. Your guides online Stuart Barclay General Manager – Marketing, Wine Australia Sam Morris Director, SW Thomas Demel Senior Manager, SW Contact us If you […]