Our latest insights

On 5 April 2019, the ATO released Draft Taxation Ruling, TR 2019/D2 to clarify how entities should utilise the ALDT (“the ALDT Draft Ruling”). This ruling applies retrospectively.

Practical Compliance Guide (PCG) 2018/9 provides a transition period for foreign incorporated companies to change their governance arrangements so that they do not become Australian residents solely because their central management and control (CM&C) is located in Australia.

Treasurer Ben Wyatt delivered the Western Australian State Budget on 9 May 2019. This Budget promotes jobs growth and encourages investment in key sectors of the economy.

There is a lot of noise in the property sector at the moment – prices are down, financing hurdles are higher and tax policies impacting property could change.

Australia has a successful, clear and robust R&D support program. With no additional investment in R&D from the Federal Budget...

Mid-size businesses in Australia tend to be overlooked – they aren’t so big that they generate their own gravitational pull, and aren’t so small that a blip in the economy could result in closed doors.

In a recent article published by Grant Thornton US, it was cited that an estimated 43% of the US workforce (being 60 million people) will be contingent workers by 2020 and Australia shows no sign of diverging from this trend.

Our international indirect tax guide provides a snapshot of how VAT/GST is applied in 117 different countries, and helps to highlight just how far Australia continues to lag in this space.

Ben Matthews recently met with the Managing Partner of a mid-tier legal firm to discuss the struggles he was facing in trying to build a successful partnership, including attracting and retaining great people, optimising working capital, maximising tax efficiencies, retiring debt and funding investment.

In the current tax environment, it is no longer sufficient to have your tax agent sign-off on your annual tax returns. Rather, it is now an expectation that businesses, especially large businesses, have in place proper tax control frameworks to demonstrate that tax risks are identified and managed within the organisation. That is tax governance.

The Federal Government delivered its pre-election Budget in May, and the key winners were older Australians, suppliers to infrastructure projects and small business – just to name a few.

Has your company (or parent company) provided free or discounted shares or rights to receive shares to employees, directors or individual consultants (Employees), or their nominees, during the 2018 income year?