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7
May

Capital Gains Tax Changes for Foreign Residents

The House of Representatives has now passed the legislation detailing the changes proposed in the 2017-18 Federal Budget surrounding the CGT main residence exemption.

20
Apr

Proposed Changes to the Small Business Concessions

The Government has released an exposure draft focusing on improvements to the small business capital gains tax concessions. The proposed changes were initially announced in the 2017/18 Federal Budget to apply from 1 July 2017, however, as is so common now, the proposed rules have only just been released.

18
Apr

GST on New Residential Properties

The legislation detailing the changes proposed in the 2017-2018 Federal Budget surrounding how developers are required to account for GST on the sale of new residential premises (including sub-divisions) has now received royal assent.

18
Apr

Establishing a Medical Practice

Starting your own practice means you go beyond being a doctor to becoming a small business owner. From the moment you make the decision to become a practice owner you have many important decisions that need to be made that can vary from the choice of entity to planning cash flow.

18
Apr

Crypto-Food and Blockchain - Do you believe?

In the words of the so called “crypto-spruikers” out there, an economic revolution is coming and its in the form of blockchain.

18
Apr

Long Awaited Tax Consolidation Changes

The Treasury Laws Amendment (Income Tax Consolidation Integrity) Bill 2018 containing the long awaited amendments received Royal Assent on 28 March 2018.  The bill contained a number of changes impacting the tax cost setting amount of a subsidiary member’s assets joining a tax consolidated group.