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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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Happy holidays to you and yours!
On behalf of the entire Banks Group team, we wish you and your family... read more
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Banks Group Golf Day 2019
Banks Group Golf Day 2019 was held on Tuesday 26 November at Woodlands Golf Club, with all proceeds proudly donated... read more
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Ultra-low interest rates: Is money worth anything anymore?
On 1 October 2019, the Reserve Bank of Australia (RBA) reduced the official cash rate to 0.75%, with RBA Governor... 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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Analysis of the Australian private equity market
What is private equity? A private equity fund is a pool of cash set up for corporate investment. The fundamental... read more
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New registration requirements for labour hire organisations
The Victorian Parliament has previously passed the Labour Hire Licencing Act. The new legislation creates licencing requirements for businesses that... 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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ATO letters regarding SMSF investment diversification requirements
If you are a trustee of a self-managed superannuation fund (SMSF), you may have recently received correspondence from the Australian... 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