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Canberra – 26 November 2009: Draft legislation enabling the creation of a superannuation clearing house for small business with less than 20 employees was released today for comment. more » |
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Canberra - 23 November 2009: The long anticipated Ripoll report into Australia’s financial services industry was released today by the Parliamentary Joint Committee on Corporations and Financial Services. If adopted, the recommendations will see the end of commission based remuneration for financial advisers. more » |
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18 June 2009: In a significant decision, the High Court of Australia has overturned the Full Federal Court and ruled that management fees paid by professional sportspersons to sports managers are deductible. more » |
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Melbourne, 10 June: Tax Commissioner Michael D'Ascenzo today held out a helping hand to the 706 thousand small businesses in Australia struggling with tax debt offering a 12 month GIC holiday and the ability to defer their next Activity Statement. more » |
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Canberra, 12 December 2008: The Government’s tax relief for small business announced today is more of a welcome reminder that the they have not been forgotten than cash flow relief - leaving many asking “please sir, can I have some more?” more » |
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Canberra, 31 October 2008: The Assistant Treasurer, the Hon Chris Bowen MP, today announced the end of the CGT exemption for trust cloning. more » |
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Sydney: 7 October 2008 The Reserve Bank of Australia today announced a 1 percent drop in official cash rates. more » |
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Canberra, 19 August 2008: Property developers will benefit from the release of ATO ID 2008/114 today that clarifies how GST adjustment events need to be managed when a developer rents out new residential premises that are difficult to sell. more » |
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A recent AAT decision in JSP Partners Pty Ltd (20 February 2008) may send a shiver through principals and partners in accounting firms where they use a service entity to employ their professional staff. more » |
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Thursday, 20 March 2008. The Government today announced that the double super guarantee payment burden incurred by employers who make late payments into their employee’s superannuation fund will be removed. more » |
