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Div 165: The GST regime’s Part IVA

  Division 165 of the GST Act contains anti-avoidance provisions in respect of GST that are similar to those available for income tax purposes. The Division 165 rules are designed to deter schemes that would produce benefits by reducing GST payable, increasing refunds, or altering the timing of payment of GST or refunds, and are

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The tax-related bills that your clients are STILL waiting for

  It may pay to remind clients that could possibly be affected that the following pieces of legislation have not yet made it into law: Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2018 Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018 Treasury

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The same business test to be replaced by a “similar business” test

  The bill Treasury Laws Amendment (2017 Enterprise Incentives No 1) Bill 2017 will be among the first batch of legislation that the government is to consider for 2019 (Parliament resumes on February 12). UPDATE: As of February 12, this legislation has now successfully passed Parliament. The bill (click here for a copy) contains changes

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Funding of up to $7,000 for finance sector women available

  Women & Leadership Australia is a national initiative committed to supporting the presence of women in business and community leadership roles. Building on the success of the organisation’s “100 Days for Change” campaign last year, Women & Leadership Australia is this year administering an initiative to support the development of female leaders across Australia’s

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ATO completed issues

Meaning of ‘alteration, extension or improvement’ in Division 43 of the Income Tax Assessment Act 1997 Purpose To assist taxpayers in determining whether there is an extension, alteration or improvement for the purposes of the capital works deductions. This in turn may have implications for the deductibility of those expenses under another provision of the

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