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Tax Bites: The limits of the Small Business Restructure Rollover
Subdivision 328-G of the ITAA97 was introduced in 2016 to enable Small Business Entities to restructure their business operations under... read more
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Tax Bites: Applying the GST margin scheme after acquiring property under the GST going concern exemption
It would not be uncommon for a taxpayer to seek to apply the GST margin scheme on the sale of... read more
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Ransomware – just another cost of doing business?
In this challenging era of digital transformation, organisations of all shapes and sizes are at risk of being impacted by... read more
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Tax Bites: Varying the rate of foreign resident CGT withholding
Many of us will have clients that are non-residents of Australia that hold real estate in Australia. In accordance with... read more
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Potential penalty stamp duty when buying residential property
As we have previously advised our clients, the stamp duty legislation was recently changed to impose a penalty rate of... read more
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Tax Bites: Bequeaths of assets to non-residents of Australia
It is not uncommon to come across bequeaths of assets under the Will of a deceased person to non-resident beneficiaries.... read more
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Introduction of Single Touch Payroll
Single Touch Payroll (STP) is a new Government initiative that will require employers to report various payroll related payments such... read more
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Tax Bites: Land Tax Joint Ownership Assessments
The assessment of land tax on land held by joint owners often creates confusion with the perception arising of duplication... read more
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Tax Bites: Division 7A still causes confusion
Division 7A of the ITAA36 has been operational since 1997. However, the provisions are complex and their application extends beyond... read more
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Tax Bites: Introducing GST Withholding Tax
Making good on an announcement made in the May 2017 Federal Budget, the Government has introduced draft legislation which, if... read more