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New South Wales State Budget 2015-16

25 Jun 2015

The New South Wales (NSW) Treasurer, Gladys Berejiklian, delivered the 2015-16 State Budget on 23 June 2015. In her opinion, “the State is buzzing”.

South Australian State Budget 2015-16

20 Jun 2015

The South Australia Treasurer, Tom Koutsantonis, commenced his budget speech on 18 June 2015 by declaring that “this government is embarking on the most comprehensive state tax reform in South Australia’s history”, which will make the State “a beacon for business investment”.

27 Pay Periods in 2015/16

17 Jun 2015

The 2015/2016 financial year will have 27 fortnightly pay periods.

Should I maintain my SMSF?

13 Jun 2015

In recent times there has been an increase in the number of new clients who are considering closing their existing Self-Managed Super Fund (SMSF). In reviewing these clients situation it became obvious the obligations, costs and potential trustee penalties outweighed the benefits provided by being your own Trustee.

Art and collectables as alternative investments

12 Jun 2015

After a healthy recovery from the lows experienced during the Global Financial Crisis, investment markets are once again facing headwinds including falling oil and commodity prices, geopolitical risks and monetary policy challenges. Investors looking for new ways to diversify in this uncertain environment should consider investments that can perform differently from stock or bond market movements.

SuperStream compliance

12 Jun 2015

Employers with more than 20 employees must be compliant with SuperStream from 30 June, however smaller businesses with 19 or fewer employees have up to 12 months to be compliant.

NSW Payroll Tax Rebate

12 Jun 2015

The payroll tax rebate scheme, also known as the “Jobs Action Plan,” is an initiative by the NSW State Government to offer rebates through the NSW Office of State Revenue (“OSR”) to employers that have increased their employment levels in New South Wales from 1 July 2011.

Fringe Benefits – Hidden FBT and deemed dividend issues

12 Jun 2015

Do you ‘cash out’ fringe benefits and think this solves everything? Think again, You may have a latent tax problem.

Corporate simplification and solvent liquidations

12 Jun 2015

Simplifying your corporate affairs will free up time, and save you money. Overly complicated group structures and maintaining redundant entities erode profits through unnecessary costs each year.

Tax alert: GST ruling published

06 Jun 2015

On 3 June 2015, the Australian Taxation Office (“the ATO”) published GST Ruling GSTR 2015/2 which sets out the Commissioner of Taxation’s views on the GST treatment of certain transactions arising in the context of development lease arrangements entered into between government agencies and private developers.