Treasury has issued exposure drafts relating to the director ID regime which forms part of the Modernising Business Registers (MBR) Program. The director identification number (director ID...Read MoreRead More
Effective 18 February 2021, amendments have been made to existing legislation on back dating director resignations. ASIC has updated its guidance to reflect that:
ASIC will no longer ...Read MoreRead More
In Ruling TR 2019/1, the ATO accepted that a company can be carrying on a business even if its activities are relatively limited and consist of passively receiving investment returns or ren...Read MoreRead More
The fringe benefits tax (FBT) year ends on 31 March. Employers who have provided benefits to their employees in the past 12 months will need to:
work out which of these benefits attra...Read MoreRead More
The Contribution caps for both concessional and non-concessional contribution increase by $2.5k and $10k for concessional and non-concessional contribution from 1 July 2021.
The new ...Read MoreRead More
Under the Business Costs Assistance Program, eligible small businesses, including sole traders, with an annual payroll of up to $3 million can receive a one-off grant of $2000, whether they...Read MoreRead More
The NSW Government has set out new provisions for build-to-rent housing, and tax concessions for build-to-rent property.
NSW Treasurer Dominic Perrottet says, “We’ve levelled the pl...Read MoreRead More
The NSW Government has extended stamp duty relief for eligible purchasers until 31 July 2021. Under the temporary changes the cap on the value of new homes at which stamp duty exemptions a...Read MoreRead More
The NSW Government has set out new provisions for build-to-rent housing, and tax concessions for build-to-rent property.
NSW Treasurer Dominic Perrottet says, “We’ve levelled the pl...Read MoreRead More
The following Tax Rulings and Practical Compliance Guidelines have been issued:
TR 2021/1 — Income tax: when are deductions allowed for employees’ transport expenses?
TR 202...Read MoreRead More
