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9
Jun

Year End Matters: Business

As the tax year winds its way to the end, the standard thought processes turn to those year end planning matters that should be dealt with.  However, rather than leaving year end housekeeping until the end of the tax year, a more strategic and efficient approach is to incorporate these...

9
Jun

Earnout Clarity

Earnout arrangements are a way of structuring the sale of a business when uncertainty exists regarding its value.  In this type of arrangement, the sale of the business includes a lump sum payment plus a right to further payment that are contingent on the performance of the business for a...

13
May

Budget Brief: Individuals

The main focus of the budget for individuals was a change in benefits provided through childcare rebates as well as some other changes which have been noted below.

13
May

Budget Brief: Small Business

The previously announced reduction in the corporate tax rate to 28.5% for companies with an aggregated annual turnover of less than $2 million is scheduled to commence from 1 July 2015.  Other corporate entities retain the existing 30% rate with the franking rate of 30% on dividends to be retained...

13
May

Budget Brief: Big Business

Following the UK’s lead, albeit via a different route, the government are seeking to tax approximately 30 multinationals by extending the existing anti-avoidance provisions. 

13
May

Budget Brief: Superannuation

As promised, Superannuation has been left alone by the government, well almost.  Irrespective of election promises a budget cannot pass without a change in superannuation and this budget is no exception.