Does the Federal Budget 2018 Meet the Expectations of Business?
THE GOOD AND BAD NEWS FROM SCOMO Prior to the Federal Budget 2018 being presented last Tuesday, a well-known private institution conducted a survey of 1000 business people to ascertain what each of them thought should be in the budget. In summary, a sample of the responses were: Further tax relief for small businesses Investment […]
Director Liability and Penalty Notices
Directors may be personally liable for Company tax debts including GST liabilities once the Government introduces the unique Director Identification Number (DIN) to regulate illegal phoenix activities. A widened scope of Directors personal liability is being considered by the Government as part of the Director Penalty provisions. Currently the Director Penalty Notices apply to PAYG […]
Capital Gain Withholding for Foreign Residents
[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” width=”1/1″ tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text] Buying or selling a property after 1 July 2017? You will need to know your obligations under the capital gain withholding regime for foreign residents Introduction On 1 July 2017, the following important changes to the capital gain […]
Big gains for housing affordability planned for NSW
[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” width=”1/1″ tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text] With the federal government’s 2017 Budget announced last month and recent announcements by the NSW state government, some positive changes for first home buyers and existing home owners are promised in the near future to help with housing […]
New Tax Laws Strengthen Director Obligations!
This comes as a result of the Federal Government’s ‘Action against fraudulent phoenix activity’ document published in March 2009. In summary, the new legislation: Requires Companies under their reporting obligations in respect of PAYG and Superannuation Guarantee Charge (“SGC”) in respect of employees to comply within three months of the due date otherwise a Director […]
