Super guarantee opt-out for high income earners with multiple employers
The Government has passed legislation that provides a possible exemption from employer superannuation guarantee requirements, where the individual is a high-income earner with multiple employers.
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.
Changing superannuation landscape for employers – are your superannuation obligations in order?
The Australian superannuation landscape is changing. With the introduction of Single Touch Payroll the Australian Taxation Office (ATO) has access to more real time data than ever before. In addition, recent and proposed changes to tax laws means it might be time to review your employer superannuation compliance.
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.
Developing a business case
So, you’ve had THE idea. You may have been mulling it over for years or it suddenly appeared, as all good ideas do, while taking a shower. Now the very thought of this idea has you unable to sleep because it represents endless possibility. You’re eager to turn this idea into action and to get it launched. The only problem is that while you’re an expert in developing apps/pre-fabricating modular building materials/distilling craft gin, when it comes to financial modelling it’s all gobbledygook.
An inside look at mining and exploration
Review of ASIC Report 641 - An inside look at mining and exploration initial public offers.
A Message from Steve Sakkas
As the year comes to a close, it is fitting to reflect on another 12 months of strong growth and development for Moore Stephens Australia.
Nathan Reichstein CA announced as latest President's Prize winner
- Nathan Reichstein CA awarded the 2019 CA ANZ President’s Prize
- The prize recognises contributions to the profession and their communities by young CAs
- All “amazing” 2019 Regional Advocates acknowledged
Legal Professional Privilege – what is it and how easy is it to use?
Legal Professional Privilege (LPP) can protect a taxpayer from having to produce certain documents during ATO audits or legal proceedings. However, without care the privileged status of documents can easily be lost.
This article explains how LPP arises, how it can be lost, and how you can preserve a document’s privileged status.
SA Land Tax Bill Passes Parliament
Last week the South Australian state government passed the much amended land tax bill. Since announcing the land tax reform in June’s budget, Treasurer Rob Lucas has worked with a number of political factions and special interest bodies through what has been a very public consultation period.
With the passing of this legislation, South Australia has moved from the state with the highest land tax marginal rate to presumably a state with a more competitive investing and business environment. But, as always the devil will be in the detail …