Home care services: What haven't you thought of?
The ATO announces FTC rate increase, effective 1 February 2017
2016 has seen the Government make some long awaited changes to Superannuation. Learn more about these changes and how they effect you.
Multinational companies remain the target of the Australian Tax Office with the release of draft legislation for Diverted Profits Tax (DPT). The DPT is being introduced to combat multinational companies shifting profits out of the Australian taxation net and continues the Australian Tax Office’s (ATO’s) aggressive unilateral approach to tackling Base Erosion and Profit Shifting.
The end of the year is a prime time for the expected and unexpected departure of employees and contractors.
So, you’ve got a strategy…with clear objectives…and a plan on how to achieve them…with measures so you will know that you have…but have you considered the consequences if you’re wrong?
Legislation introducing what has been referred to in the media, as the “Netflix Tax” is now black letter law. The first phase of significant GST change has been effective since 1 October 2016, and relates to Business-to-Business (B2B) and intangible supplies, including services, rights, leasing, etc.
Key superannuation reform bills have now been passed by both houses of Parliament.
Employee share schemes (ESS) have come in and out of favour over the years, but improvements in the general economic climate in Australia combined with the recent introduction of a range of tax and company law concessions in this area mean that the time is definitely right for mid-size businesses to take another look at introducing a tailor-made ESS arrangement.
The most effective way to improving business profitability in a competitive environment is to dissect each business process and seek continuous improvement. But balancing the need to lead the business of today whilst creating the business of tomorrow is often challenging.