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24
Aug

Impact of the change in the Company Tax Rate

The retrospective change in the small company tax rate is starting to register for companies across the country.  The tax rate change came at a significantly late point in the 2016/17 tax year and as such may have caught some taxpayers by surprise.

24
Aug

Rental residential Property Depreciation Changes

The Government has finally released the draft legislation to change entitlements for depreciation in respect of residential rental properties.

2
Aug

Shorten's Tax on Trust

Bill Shorten has announced that he intends to impose a ‘minimum tax rate’ of 30 per cent on distributions made from discretionary trusts to adult beneficiaries as an effort to ‘crackdown’ on income splitting and tax minimisation by high wealth individuals if Labor get elected.

25
Jul

Myth-Busters: Superannuation Reform

With the new superannuation reforms now in effect from 1 July 2017, it is important to separate facts from myths as follows:

25
Jul

ATO To Toughen Up on Tax deductions

Australia’s Federal tax commissioner, Chris Jordan, has recently announced his intention to increase compliance activity for individuals and business owners who have been claiming deductions they are not entitled, in an aim to reduce the nations ‘tax gap’.

25
Jul

Conduct by Responsible Entities

ASIC has released its report detailing findings from its surveillance of 28 responsible entities and their compliance with their legal obligations. Generally, ASIC has found the majority of responsible entities demonstrated a commitment to complying with their legal obligations.