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Melbourne

Victorian Business Support Package

On 28 July 2021 the Victorian Government announced a $400 million support package, jointly funded by the Commonwealth Government. The package is designed to provide support to Victorian small and medium businesses experiencing financial hardship from the recent lockdown.   On 6 August 2021 the Victorian Government announced additional payments for previous recipients of the Business Costs Assistance Program Round Two and Round Two July Extension.   Further support was announced on 12 August 2021.  

Moore Stephens are successful at the Accountants Daily’s Australian Accounting Awards 2017!

Moore Stephens is proud to announce that James Fitzgerald, Senior Accountant, won the Young Accountant of the Year award at the 2017 Australian Accounting Awards, partnered by Thomson Reuters.

Autumn Home Shopping

Finding the perfect property isn’t always easy, and as the colder months approach, the number of homes available for purchase starts to subside. The reduction in house stock can swing the pendulum to favour the seller as buyers fight for the smaller number of properties.

A better workplace

The Budget sees the Government place emphasis on generating ongoing employment opportunities for all Australians.

Shock for landlords as land tax skyrockets

Over the past month soaring property values have seen landlords hit by steep increases in landlord taxes. A number of landlords, property owners and lessors have been shocked when confronted with sharp increases in land tax bills this month. The State Revenue Office (SRO) argues that 2016 was a revaluation year, which means your site value will most likely increase in 2017.  

Wake up Australia- become PPSA compliant and register your interests! A message to owners of commercial assets who allow others to have possession of their property

When will owners of plant and equipment and other commercial assets who allow others to hold or use their property realise they need to do a PPSR registration if they want to protect themselves? Despite repeated warnings about the risk of not registering and a number of court decisions that have made the situation clear, it appears that the message that owners need to register their security interests on the PPSR is still not getting through. The recent WA Supreme Court decision of Flown Pty Ltd v Goldrange Pty Ltd 2016 WASC 419 has once again has highlighted the problem. The case involved a commercial lease situation and certain plant and equipment that was “owned” by the lessor that were on the leased premises. The lessor had earlier provided a loan of $460k to the Lessee for the purchase of the plant and equipment that was secured by the plant and equipment and guaranteed by the directors of the lessee.

Keeping it in the family

While the ATO continues to crackdown on tax minimisation strategies, quite a few legal pathways to paying less tax while preserving wealth for retirement or estate planning purposes still exist. Family trusts have significant tax saving abilities that make them an attractive tool for wealth creation.

ATO lodgement due dates 2016

The lodgement end dates for individuals are detailed in the following table: