July Tax Round Up - who can access the 28.5% company tax rate?

by Knowledge Shop Editor, on 01/07/16 08:46

Can all small companies access the 28.5% tax rate or just some? Plus, more from the ATO on the 1 July 2016 withholding on property sales.

All this and more from the Knowledge Shop team.

Members can download the full June 2016 Tax Round Up from the member-only website. To see what Knowledge Shop membership offers, call Julie on 1800 800 232 or take a tour online.

Join Michael Carruthers (Tax Director, Knowledge Shop), Rae Ni Corraidh (Tax Adviser, Knowledge Shop), and Lisa Armstrong (MD, Knowledge Shop) for just the juicy bits of change for accountants and advisers:

  • The Knowledge Shop help desk has been inundated with questions about exactly what entities can access the reduced small business company tax rate. We show you why not all companies with a turnover of $2m or less can access the reduced rate.
  • A reprieve for small business struggling to manage SuperStream compliance
  • More on PCG 2016/5 and the LRBA safe harbours for SMSFs
  • Managing the 10% withholding tax on property sales from 1 July 2016 – the new online tools



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Topics:Tax & AccountingTax Round Up



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