Join Michael Carruthers (Tax Director, Knowledge Shop), Ray Itaoui (Director, Hayes Knight), and Lisa Armstrong (MD, Knowledge Shop),for just the juicy bits of change for accountants and advisers:
The significant Division 7A reforms flagged– while only in consultation phase, practitioners will need to be across the significant reforms to Division 7A proposed to take effect from 1 July 2019.
Another change to the corporate tax rate- the implications of the latest round of changes to the corporate tax rate bringing forward tax cuts for companies under $50m. The implications and the problems for franking credits.
Compensation from financial institutions- the ATO's advice on how to treat a compensation payment from a financial institution.