With environmental, social and corporate governance (ESG) and sustainability front of mind for all organisations and reporting requirements on the horizon, it’s important to understand what tax obligations are at play. As the ATO focuses on transparency and governance, it’s important to ensure tax obligations are appropriately incorporated in policies, frameworks, controls, and these are tested to ensure that the business is operating in line with the Group’s tax risk appetite.
A new financial year brings a new property tax in Victoria. The Windfall Gains Tax (WGT) came into effect on 1 July 2023, with significant implications for the Victorian real estate and construction sector. Here, we discuss the details to be mindful of when considering the WGT.
Learn about Division 129 of the GST Act and how it applies to property developers who have changed their property's intended use. Ensure you make any required GST adjustments to avoid penalties.
On 7 June 2023, the ATO released the finalised Taxation Ruling TR 2023/1 on residency tests for individuals.
As part of the recently introduced Treasury Laws Amendment (Making Multinationals Pay Their Fair Share – Integrity and Transparency) Bill 2023 in Australian Parliament, the Federal Government has released an Exposure Draft dealing with Multinational tax transparency.
June 30 is fast approaching, and with it comes tax scammers, the escalating cost of living means their activity is on the rise, we outline some scams for you to be aware of.
Maximise tax benefits with Employee Share Schemes. Stay compliant with ESS reporting. Retain top talent with effective remuneration.
Effectively managing a modern professional services firm requires a strategic approach to profits, cash flow, and equity.
As an operator of a retirement village, you may be missing out on significant GST refunds.
Learn how to avoid penalties for overclaimed fuel tax credits during the temporary rate reduction period. Contact our specialists today.
With growing business appetite for innovative financial technology and on-demand finance in recent years, Fintechs have been embraced by businesses and consumers alike. Fintechs now have the opportunity to drive change, expand into other industries – and sometimes even scale up and expand into new markets. As we near business planning season and end of financial year, have you considered how R&D Incentives, tax considerations and a governance structure can support your sustainable growth?
During the FY23 financial year, our Employment solutions team highlighted key updates, issues and ATO review activity that finance and payroll leaders need to be across in a series of webinars, seminars and insights. Here we’ve summarised some of those key items which remain relevant as we approach FY24 including fringe benefits, single touch payroll, superannuation guarantee, employee vs contractor and employee share schemes.