Accounting & Advisory Blog | News & Views

Moore Australia (WA) Joins with GROBUSINESS Chartered Accountants

Moore Australia is pleased to announce Gary Ogden and his practice GROBUSINESS Chartered Accountants has joined the Moore Australia (WA) team.

1 October 2021 Moore Australia media team

NSW State Budget: 2021-22

On 22 June 2021 New South Wales Honourable Dominic Perrottet delivered the 2021-22 state budget, focussing on COVID safety measures along with targeted spending to assist small business and large spending packages on infrastructure and disaster recovery.

22 June 2021 Simon Alford

Queensland State Budget: 2021-22

On 15 June 2021, the Queensland Treasurer Cameron Dick delivered the 2021-22 state budget, following Queensland's nation-leading success in managing the economic health challenges posed by the COVID-19 pandemic, the government is focused on the states economic recovery plan sooner and stronger.

15 June 2021 Kerry Bebendorf

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.

24 May 2021 Kerry Hicks

Australia reminded to claim COVID 'Working from home' tax deductions

Moore Australia today reminds individuals in Australia to keep a diligent log of the hours they worked from home during the recent COVID-19 lockdown. This will help them claim their allowable tax deductions when it becomes time to submit their tax return.

30 April 2021 Moore Australia media team

Covid-19 and the implications on Fringe benefits Tax

The COVID-19 Pandemic continues to have a significant impact on many businesses around the World. In Australia, the unprecedented crisis is forcing employers to reconsider the benefits provided to staff and the resulting Fringe Benefits Tax (FBT) implications.

8 April 2021 Roy Huang

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.

28 March 2021 Kerry Hicks

No tax on the family home? Maybe not for expats…

Amendments to the availability of the Capital Gains Tax (CGT) main residence exemption for foreign tax residents were passed by the Senate on 5 December 2019, imposing new restrictions on the main residence exemption for CGT events happening on or after 9 May 2017.

12 December 2019 Laura Dorgan

R&D Tax Incentive Update

Proposed changes to the Research and Development (R&D) Tax Incentive were introduced to Parliament on 5 December 2019. Read more to learn what these proposed changes include.

12 December 2019 Anthony Molloy

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.

27 October 2019 Kerry Hicks

A better workplace

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

16 May 2017 Tim Cheong

Claiming depreciation on investment property

Rental property investors have access to a range of tax strategies. One such strategy, which is often underutilised, is claiming depreciation as a tax deduction. Property expenses, such as depreciation and capital works expenditure, can be deducted over a number years, adding to a significant return for property investors come tax time.

21 April 2017 John La Rocca

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.

21 March 2017 Peter Zervos

Superannuation Reform: Government scraps retrospective $500,000 Super Cap

A contentious package since it’s announcement back on budget night, this week Scott Morrison finally succumbed to the reality that retrospectivity in superannuation is no winning formula.

16 September 2016 Trent Mills

Splitting super with your spouse

Since change is an inevitable part of Australia’s superannuation system, taxpayers should always be aware of and on the lookout for super strategies that they can take advantage of.

1 July 2016 John La Rocca

To have and withhold – obligations for buying foreign resident owned assets

From 1 July 2016, acquisitions of certain taxable Australian property from foreign residents will be subject to a 10 per cent withholding tax (WHT). The objective of the new rules is to assist the Australian Taxation Office (ATO) in collecting the capital gains tax liabilities of foreign residents who have Australian property holdings or interests.

1 July 2016 Philip MacIsaac

Globalisation and the tax system- how taxation affects individuals moving to and out of Australia

The world has shrunk and the business is more fluid than ever. Business has changed and e-commerce has revolutionised the way business is done and where business is conducted from. In the modern world, you can conduct business from a coffee shop, on a beach or in an office. With this change and the way products and services are being delivered, we are noticing now more than ever an inflow and outflow of people into and out of Australia.

10 May 2016 James Tng

New CGT rules when selling or buying a business

Recent changes were made to the CGT treatment on the sale and purchase of businesses involving ‘look-through earnout’ rights. On 25 February 2016, a new law was enacted to deal with the tax treatment of earnouts for vendors and purchasers.

6 May 2016 John La Rocca

ATO lodgement due dates 2016

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

2 February 2016

Working together - the reinvention of the ATO

Late last year, Moore Stephens Victoria supported the AustralianTaxation Office (ATO) and then subsequently hosted a Key Agent meeting by our Directors with several senior ATO executives to enhance collaboration with our firm and ultimately to deliver a better client experience.

1 February 2016

Financial model reviews reveal interesting insights

My previous article about the Moore Stephens Victoria Corporate Finance team was on work we had been doing during winter on Initial Public Offerings (IPO), reverse takeovers (RTO) and an expert witness report. Some of that work carried over into Spring with a successful outcome for a number of those clients. In this article I am writing about some of the interesting work we have been doing with financial forecast modelling – primarily for financiers. I also find this somewhat encouraging that a number of our clients are out there getting finance for expansion and new businesses.

1 February 2016 Colin Prasad

After the airlift: Rebuilding Afghanistan

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