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Details of further stimulus packages announced
Amid the forced closure of Australian non-essential businesses, social distancing and consumer sentiment, many Australian businesses are now facing dire... read more
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Assistance provided by ATO to businesses
The Australian Taxation Office (ATO) has released information relating to the support they will provide to businesses in these unprecedented... read more
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Federal Government releases stimulus package
Responding to the extremely challenging economic environment, the Government today (12 March 2020) released a stimulus package which is designed... read more
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Amendments to Trust Deed may be required to avoid penalty stamp duty arising
Where a discretionary trust purchases residential property, the discretionary trust will be liable to pay a higher rate of stamp... read more
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FBT and the 2019/20 Festive Season
With the 2019/20 festive season now upon us, it is worthwhile having a refresher of the Fringe Benefits Tax (FBT)... read more
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Tax Bites: Land tax on the home tennis court or swimming pool
Earlier this year, changes were made to the Land Tax Act 2005 to restrict the land tax exemption that currently... read more
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Tax Bites: Inheriting Division 7A problems
All accountants would most likely experience the situation of taking over a new client that has pre-existing Division 7A exposures.... read more
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Tax Bites: Land Tax Trust Nominations for Discretionary Trusts
In 2006, a significant amount of discretionary trusts made beneficiary nominations with the State Revenue Office of Victoria to mitigate... read more
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Further extensions to director penalty notice regime
On 5 July 2019, the Government introduced Treasury Laws Amendment (Combatting Illegal Phoenixing) Bill 2019. Contained within the Bill are... read more
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The Coalition’s $158 billion tax cuts package
The Treasury Laws Amendment (Tax Relief So Working Australians Keep More of Their Money) Bill passed through the Senate with... read more