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Why developers should consider a Joint Venture structure

Why developers should consider a Joint Venture structure

Property developers, whether large or small, need to carefully consider the legal and tax consequences of the structure in which they undertake their developments. Its imperative in the due diligence process that expert advice be attained to ensure reduced costs particularly those associated with Stamp Duty, GST and Capital Gains Tax.

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Monday 16th January 2017    


Proposed changes to 'Backpacker' tax

Proposed changes to 'Backpacker' tax

The Australian Government has published proposed changes to the Working Holiday Maker Program. Generally, this program allows young adults (aged 18 to 30) from eligible partner countries to work in Australia while having an extended holiday.

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Wednesday 4th January 2017     Backpacker Tax


Company ATO debts now affect credit ratings

Company ATO debts now affect credit ratings

The ATO has announced that from 1 July 2017 it will notify Credit Rating Bureaus about businesses that have not "effectively engaged" with it about their tax debts. Initially the measure will only apply to businesses with Australian Business Numbers and tax debts over $10,000 that are at least 90 days overdue.

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Wednesday 4th January 2017    


Should you be paying land tax?

Should you be paying land tax?

Property continues to be a popular asset class for Australian investors. Whilst it is important to consider all of the qualitative aspects of a property when performing due diligence including location, build quality and appearance, it is equally important to consider the quantitative considerations of the asset including rental return, holding costs, ownership costs and taxes imposed.

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Thursday 17th March 2016    


Are you ATO SuperStream ready?

Are you ATO SuperStream ready?

From 1 July 2016 all Australian businesses that pay Superannuation Guarantee on behalf of their employees must adhere to the new SuperStream rules.

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Thursday 18th February 2016    


Newly Registered SMSFs lodgement due 28 February

Newly Registered SMSFs lodgement due 28 February

A reminder that annual Income Tax Returns are due for new registrant (taxable and non-taxable) SMSFs by 28 February 2016. Considering that the funds Income Tax Return and Financial Statements need to be completed and independently audited members should ensure there records are provided to there accountant as soon as practicable.

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Monday 15th February 2016    


The Tax Implications of Uber

The Tax Implications of Uber

As Uber continues to grow in popularity more and more Australians are taking up driving for the San Francisco based company. As with all income producing activities in Australia, it is important to understand the tax implications involved in driving for Uber and participating in the ride sharing economy.

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Thursday 11th February 2016    


ATO Targets Holiday Homes

ATO Targets Holiday Homes

The ATO has issued several statements confirming to both tax agents and the general public, that they intent to target holiday home rental properties this coming tax year.

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