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Increased corporate governance, accountability, funding requirements, financial management and risk management are just some of the demands faced by the education sector today.

At Moore Australia, we offer expertise across a range of indirect taxes including GST, customs, transfer (stamp) duties and excise duties. Indirect taxes can be a significant administrative burden on your business. Managing your indirect tax commitments can be especially challenging given the regular introduction of new indirect tax arrangements and changes to existing regimes, both of which are likely to create additional cost and risk for your organisation. At Moore Australia, our tax specialists have significant expertise and experience dealing with indirect taxes in Australia and internationally. We support clients across all facets – from education and training to policy development, compliance, audits and disputes. Our technical knowledge and practical experience allow us to partner with you to manage your indirect tax commitments in a way that reduces risk and improves your cash flow. We take a holistic and commercially-focused approach - supporting you to meet your compliance requirements while ensuring you have strategies and processes in place to meet the challenges created by indirect taxes. Our Australian tax team works closely with international tax specialists across Moore Global’s vast global network which has offices in over 100 countries. We also offer the following services to our clients: GST Stamp duty Land tax Payroll tax

At Moore Australia, we understand the challenges of running a business, particularly when it comes to managing your finances. We offer a comprehensive range of bookkeeping solutions designed to help streamline your financial processes and free up valuable time so you can focus on growing your business. We provide you with a personalised, high-quality service tailored to your business needs. Working closely with you to gain a deep understanding of your business and its financial requirements, we ensure that we deliver an efficient and accurate service.

At Moore Australia, we help you to optimise your approach to meeting your tax and reporting obligations.

Last week we asked about the future of GST in Australia and as we expected, more than 65% of the respondents felt that change is required. As we come out of COVID-19, revenue collection will be high on the Government’s agenda, primarily to fund the cost of stimulus funding. On numerous occasions, our leaders have stated that they are against increasing taxes and want to encourage consumer spending in Australia. There are media reports of personal tax rate cuts being brought forward to reinvigorate the economy. ​Our GST system is complex and needs improvement. There have been some minor adjustments, such as making certain foreign suppliers of goods and services in Australia being liable for GST, but there is scope to make some targeted changes to improve the efficiency of the GST system. Read more about our thoughts and the options available.

Over the years, several goods and services tax (GST) disputes have been brought before the Courts and they continue to this day. Some disputes involve the Commissioner, but many involve the parties to the transaction. Disputes involving the Commissioner generally involve the question of whether GST is payable or whether the margin scheme can apply. Disputes involving the parties to the transaction generally do not involve the question of whether GST is payable, but rather as to who is to bear the ultimate liability for GST.

Contract mistakes can be costly, and administering them often needs an understanding of both what is trying to be achieved and the legal aspects. It is important, as part of the overall contract, to have an understanding of the Goods and Services Tax (GST) issues that may arise as a result of the transaction.

Under the GST Act, the supplier incurs the liability to pay GST but the supplier has no statutory right to pass on that GST liability to the purchaser – this needs to be done as part of the contractual relationship. How this contractual relationship is recorded is critical and many of the commercial disputes involve a contest about the terms of the contractual relationship.

We aren’t getting any younger - It is no secret that Australia has an aging demographic and the demand for aged care and retirement villages is increasing exponentially. According to a recent survey by the Australian Bureau of Statistics (ABS), the average male life expectancy is 80.9 years and females 85 years old. This places immense pressure on the aged care sector and as such, we are seeing a large increase in the construction of aged care and retirement facilities which also offer a vast range of services.

A strategic business partner with extensive experience providing business, tax and accounting advice to national and international businesses. Specialising in property, civil and construction, taxation and GST, Noe provides comprehensive research and professional advice to the land, property, development and construction industries. Additionally, he delivers extensive advice on taxation, GST, corporate structuring, business transactions and negotiations, wealth creation, estate planning and business protection outcomes. Noé strives to be a trusted advisor to his clients, assisting them to thrive both financially and commercially. In 2000, Noé published and distributed a GST Practitioner Implementation Manual which was widely used by Accounting and Taxation Practices Australia wide. He is a Chartered Tax Advisor of the Tax Institute, an active member and Fellow of the Institute of Chartered Accountants Australia and is a life member of the Italian Chamber of Commerce.

Errors on your Business Activity Statement may result in you paying too much GST or not enough. Is your business growing in complexity, or are the compliance obligations becoming challenging? We can help make it effortless and accurate every time.

IPO’s, capital raisings and mergers and acquisitions: have you considered GST & the Financial Acquisitions Threshold (the FAT)? There are specific GST rules for making financial supplies, including IPO’s, capital raising, mergers and acquisitions, and dealings in shares. While financial supplies are usually input-taxed and therefore do not attract a liability to remit GST, they generally have no GST recovery on expenses relating to these supplies.

Originally dubbed the “Netflix Tax”, from 1 July 2017, foreign businesses are liable to charge Goods and Services Tax (GST) at a flat rate of 10% on imported services and digital products supplied to Australian consumers ie. “B2C” sales. GST is an indirect consumption tax that is similar to Sales tax/VAT. This development has caught many US on-line and e-commerce businesses on the hop with the main impacts being that it will bring many new taxpayers into Australia’s GST “net” and in most cases Australian customers will have to cough up more to cover the GST.

Consider the Fringe Benefits Tax issues associated with providing staff gifts and parties in the lead up to Christmas.

We are in the middle of a period of significant change in accounting standards. This article highlights the impact of three new accounting standards upon schools, which bursars should begin preparing for.

Following on from part 1 of our Property and Taxes – Commercial Property Considerations article, we will be exploring additional tax considerations for commercial properties. The tax rules surrounding commercial properties are quite complex and often not fully understood.

As the festive season draws closer, we would like to remind businesses of the fringe benefits tax issues associated with this time of year.