The site uses cookies to provide you with a better experience. By using this site you agree to our Privacy policy.

All news by: Kerry Hicks

2021-2022 Victorian State Budget

On 20 May 2021, the Victorian Treasurer Tim Pallas handed down the 2021-22 Victorian State Budget. A number of tax-related measures were announced in a Budget that is designed to assist Victoria in bouncing back from the pandemic, with a focus on creating jobs and caring for Victorians, particularly mental health initiatives.  

Kerry Hicks
Read more
2021 Fringe Benefits Tax Update

Whilst some aspects of life transition to a new “COVID-normal”, the Australian Taxation Office (ATO) continues to highlight its understanding of how COVID-19 is impacting business, and communicate some of the changes and administrative concessions relevant to employers for the Fringe Benefits Tax (FBT) year ending 31 March 2021 and beyond.  

Kerry Hicks
Read more
Fringe Benefits Tax changes - what to look out for

When it comes to Fringe Benefit Tax, not a lot has changed in recent years. However, from 1 April 2021, a few additional concessions and exemptions have been afforded to taxpayers.

Varun Kumar, Kerry Hicks
Read more
Tips for the FBT year end - car fringe benefits

With the Fringe Benefits Tax (FBT) year ending on 31 March 2021, here are a few issues in relation to car fringe benefits to look out for during the 2020-21 FBT year.

Varun Kumar, Kerry Hicks
Read more
Manufacturing Modernisation Fund Round Two

The program guidelines and key funding details have been released for Round Two of the Manufacturing Modernisation Fund, which aims to help Australian manufacturers scale-up, compete internationally and create jobs.

Kerry Hicks
Read more
2020-21 Victorian State Budget

On 24 November 2020, the Victorian Treasurer Tim Pallas handed down the 2020-21 Victoria State Budget. The aim of the Budget is clear: to protect and create jobs, look after families, build strong and connected communities and build towards a strong economic recovery.

Kerry Hicks
Read more
Manufacturing Modernisation Fund

The Federal Government recently announced $52.8 million in funding for Round Two of the Manufacturing Modernisation Fund.

Kerry Hicks
Read more
Upcoming changes to foreign purchaser duty

Looking to purchase residential property in a discretionary trust? You may be subject to additional duty from 1 March 2020. The foreign purchaser additional duty provisions have been in effect since 1 July 2015, but the Commissioner has been applying a ‘practical approach’ until now. 

Kerry Hicks and Alexandra Barras
Read more
Recent Land Tax Changes in Victoria

The Victorian Government has recently enacted changes to the land tax rules in respect of contiguous land in metropolitan Melbourne. From 1 January 2020, the principal place of residence (PPR) exemption will no longer apply to contiguous land unless the PPR land and the contiguous land are in regional Victoria. 

Kerry Hicks
Read more
Understanding travel expenses for your Not-for-Profit organisation

Many NFP boards have set out to attract not only industry professionals but also legal, tax and media specialists to assist them in achieving their aims while minimising risk. While volunteer board members may not expect to be rewarded for their services, the absence of any remuneration can leave them unduly out of pocket.

Kerry Hicks
Read more
Upcoming Federal Election – Potential big changes ahead

Tax will be one of the big ticket items of this year’s Federal Election. With this in mind, many clients are questioning the potential impact of tax changes on their personal and business affairs.  

Kerry Hicks and Matthew McLean
Read more