News Articles

July 2016

21
Jul

Budget Changes To End Wine Tax Exploitation

In the 2016 budget, the government announced much awaited reforms to the WET producer rebate.  This should be welcomed by the wine industry, especially smaller wine producers who have aggressively pushed for changes over the past two years.

21
Jul

Accounting For Medical Specialists – Deciding On A Practice Structure

Owning your own private practice means that you are not only a doctor, but also a small business owner.  One of the most important decisions you will have to make is deciding on a business structure for your practice.  The structure you choose will have implications for your business registration,...

21
Jul

New Legislation To Combat Anti-tax Avoidance By Multinational Enterprises

On 11 December 2015, parliament passed the Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015, dubbed ‘MAAL’ (Multi-national anti-avoidance law), which came into effect from 1 January 2016.

21
Jul

Changes To Private Ancillary Fund And Public Ancillary Fund Guidelines

The Australian Government has recently made amendments to both the Private Ancillary Fund Guidelines 2009 and Public Ancillary Fund Guidelines 2011. These amendments took effect from 5 May 2016 and set minimum standards for the governance and conduct of ancillary funds and their trustees.