‘Fiddly and complex’ changes a win for accountants
Various budgetary measures that were announced this week will require accountant or tax agent intervention to be administered effectively, which some are heralding a “win ...
TAX • Thu, 11 May 2017
ATO extends SMSF lodgement deadline
In response to industry feedback, the ATO has confirmed this morning it will extend the due date for lodgement of SMSF annual returns for 2015-16.
TAX • Wed, 10 May 2017
Budget 2017 analysis: Key reform exclusions and when we’re likely to see them
Big ticket tax reform in particular has taken a backseat, an inaction which has a significant impact on you and your clients
Medicare levy rises as another levy ends
In a welcome move for Australian taxpayers and despite ongoing speculation, it is clear after last night’s budget that a key levy has not been extended, while the ...
TAX • Tue, 09 May 2017
HECS threshold changes hit taxpayers hard
The government has announced a notable drop in the HECS debt repayment thresholds from next year.
Popular tax deductions scrapped for property investors
Clients with negative gearing arrangements in place are set to lose out on a popular deduction following last night’s federal budget.
Tax ‘goodies’ for SMEs increase post-budget
In a move that has flown under the radar, the government has moved to broaden the definition of a small business, which increases the availability of tax concessions to a ...
GST ‘surprise’ for residential premises
The government has announced a surprise GST measure in the budget which is set to impact residential property buyers.
Budget misses compromise payments, tax efficiency
Notable exclusions from this year’s budget will impact the appeal of Australia as a place to do business, put the brakes on creating an efficient and productive tax ...
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