Employment taxes update

    07/11/2019
  • Employment taxes and superannuation have been the subject of a raft of changes over the last few weeks, on both a State and Federal level. To ensure that your business is up to date on the latest changes, we summarise the following key topics in this edition: WA payroll tax cut – modest saving around Read more…

  • A Property Tax Update – Take 2

    25/10/2019
  • Much can happen in 14 days in the property sector.  Since our Property Update issued earlier this month and our seminar held on 9 October 2019, we have seen the issue of further announcements impacting both property owners and property developers that we bring to your attention: 1.    Stamp duty cut for off-the-plan apartment purchases Read more…

  • Protected: Property Breakfast Update

    10/10/2019
  • There is no excerpt because this is a protected post.

  • A property tax update – what you need to know

    01/10/2019
  • In recent years, real property owners have been subject to a number of significant legislative changes. Changes to the taxation of real property has been in response to a number of factors, including housing affordability, tax avoidance and the impact that foreign ownership has had on the Australian property market. In this tax update, we Read more…

  • Superannuation Update September 2019 – Investment Strategy, Borrowings and Contributions

    23/09/2019
  • Investment Strategy, Borrowings and Contributions In this update we will discuss some recent ATO activity, measures being introduced that impact self-managed superannuation funds (SMSFs) and some contribution strategies to consider: ATO issues investment strategy warning to SMSFs with property and borrowings Super Guarantee opt-out and how it will apply Non-arm’s length expenses Borrowing arrangements and Read more…

  • Fringe Benefits Tax – Getting you ready for FBT in 2019

    01/04/2019
  • With the end of the 2018/19 FBT year now upon us, we provide you with the latest updates to get you ready for the FBT season, including the ATO’s audit hotspots. 1. Latest FBT rates and thresholds For the 2019 FBT year, the FBT rate will remain the same at 47% with the associated Type Read more…

  • Super balance over $1.6m? You should review your position now

    14/12/2018
  • Super balance over $1.6m? You should review your position now Changes to the rules around superannuation effective 1 July 2017 mean anyone with a substantial super balance should review their estate planning immediately. If they don’t, anyone they pass their super to may face the prospect of tax penalties, and even the possibility of being Read more…

  • Significant changes expected to Division 7A rules from mid-2019

    05/11/2018
  • The Division 7A provisions within the Tax Act play a critical role in governing how individuals borrow money from their businesses or tax effectively finance investment activities. In a move that may surprise many who already struggle to follow this technical area, the Australian Government appears set to change these rules from as soon as Read more…

  • Foreign subsidiaries could be Australian tax residents under new ATO ruling

    24/10/2018
  • Companies have until 30 June 2019 to review operations Foreign incorporated companies could be classed as Australian tax residents under a new ATO ruling, unless they change their governance arrangements by 30 June 2019. The ATO’s ruling overturns the established position on how to determine where a company’s central management and control is located. Australian-based Read more…

  • 2018/2019 Budget – a Stronger Economy, More Jobs

    09/05/2018
  • The Federal Treasurer Scott Morrison delivered his third Budget on 8 May 2018.  In the shadows of the Royal Commission into the Australian Banking system and Opposition rhetoric about removing refundable franking credits, Mr Morrison promised tax relief, and to further strengthen Australia’s economy.  That would be achieved via five areas: Providing tax relief; Backing Read more…

  • In The Xpress Lane – March 2018 Quarterly Update

    11/04/2018
  •   A quarterly tax update Cooper Partners summary of the top 5 hot-button issues during the last quarter  —  a super quick way to stay current on the “need to know” tax developments that are relevant to you. In this quarter’s “In the Xpress Lane” we have something of interest for everyone: Single Touch Payroll Read more…

  • Fringe Benefits Tax – Our top 5 for FBT in 2018

    29/03/2018
  • As we approach the end of another FBT year on 31 March 2018, employers should be gearing up for this season’s reporting obligations. To help keep you up to date and not left out on the fringe, we present to you our top five issues to keep you in the know in 2018. 1.     New Read more…

  • Fringe Benefits Tax: Exempt Vehicles

  • The ATO has recently released a new draft practical compliance guideline (PCG 2017/D14) in relation to exempt vehicle fringe benefits which we believe is relevant to you and your employees. The PCG aims to relax the current FBT record keeping requirements for certain vehicles (for example panel vans, single cab utes and certain dual cab utes Read more…

  • ATO shakes up claiming of employee travel expenses

    22/03/2018
  • ATO shakes up claiming of employee travel expenses The 2018 FBT year is coming to a close on 31 March 2018 and an area which will require closer consideration this year is the treatment of travel-related benefits. Last year, the ATO issued Draft Tax Ruling TR 2017/D6 Income tax and fringe benefits tax: when are deductions allowed for Read more…

  • In The Xpress Lane – January 2018 Quarterly Update

    25/01/2018
  • A quarterly tax update Cooper Partners summary of the top 5 hot-button issues during the last quarter — a super quick way to stay current on the “need to know” tax developments that are relevant to you. In this quarter’s “In the Xpress lane”, the following is covered: Clarity on company tax rates ATO’s view Read more…

  • Cooper Partners Financial Services wins SMSF Firm of the Year

    01/12/2017
  •   In what has been a highly enjoyable and successful week for our practice, we took great pride in being able to share with our team in celebrating the honour of Cooper Partners Financial Services being awarded the “SMSF Firm of the Year” at the 2017 SMSF Adviser Awards for WA at Crown last night. Read more…

  • In The Xpress Lane – October 2017 Quarterly Update

    11/10/2017
  • A quarterly tax update Cooper Partners is now providing a summary of the top 5 hot-button issues from the tax world garnered during the last quarter that you might not otherwise have noticed.  A super quick way to stay current on the “need to know” tax developments that are relevant to you. In this quarterly “In Read more…

  • Jemma Sanderson takes out SMSF Adviser of the Year

    Jemma Sanderson takes out SMSF Adviser of the Year

    27/09/2017
  • Congratulations to Jemma Sanderson for recognition as Australia’s Self Managed Super Fund Adviser of Year for 2017. Jemma’s award was part of the annual Women in Finance Awards which seeks to uncover the leading women professionals in the finance sector. Jemma received her award on Thursday night at a sold-out gala ceremony at The Star Read more…

  • Women in Finance Award

    Jemma Sanderson Nominated for Women in Finance Award

    15/09/2017
  • Cooper Partners is proud to announce Jemma Sanderson and Cooper Partners Financial Services as having been nominated for the 2017 SMSF Advisor and SMSF Firm of the Year including a Women in Finance award. Jemma is a Director and heads up Cooper Partners SMSF specialist superannuation services. These awards acknowledge Jemma and Cooper Partners Financial Read more…

  • Superannuation – Pre 30 June Considerations

    26/06/2017
  • As 30 June 2017 approaches, it is important to attend to the usual requirements before 30 June, plus ensuring the relevant documentation is in place with regard to the new superannuation rules. The areas for consideration include: Change in contribution caps from 1 July 2017; Ensuring minimum pension payments are made; Restructure of pension accounts; Read more…

  • End of financial year planning

    06/06/2017
  • Understanding what the potential tax liability will be for your business and allowing time for tax planning can result in considerable tax savings and with the end of the financial year fast approaching, now is a critical time to assess your year-end tax planning and tax compliance considerations. The purpose of this guide is to Read more…

  • 2017 Federal Budget – Cooper Partners breaks it down for you

    12/05/2017
  •   The centrepiece in the Government’s 2017 Budget is around housing affordability. This includes the introduction of various measures to attract sophisticated investors and managed investment trusts to invest in affordable housing for the benefit of low income earners by providing new tax incentives. Unfortunately, the Government did not take the opportunity to reduce red Read more…

  • Company tax rates reduction and increase to Small Business Entity threshold

    06/04/2017
  • TAX UPDATE Company tax rates reduction and increase to Small Business Entity threshold In brief: Following the release of the 2016/17 Federal Budget, a number of measures were announced that offered tax concessions to small business and corporate taxpayers. However, the ensuing Federal Election opened up a debate as to whether or not such measures Read more…

  • Fringe Benefits Tax – Our top 10 to keep you in the know this FBT season

    09/03/2017
  • The 2016/17 FBT year is coming to a close on 31 March and in order to get you ready for FBT reporting, we present our top 10 tips, changes and reminders to keep you up to date this season. 1. Key 2017 rates, dates and thresholds For the second year in a row, the FBT Read more…

  • Are all employee share options now taxed at the time of exercise of the options?

    14/02/2017
  • When the Employee Share Scheme (ESS) rules were amended from 1 July 2015, one of the reasons behind the amendments was to provide more concessional tax treatment for options. Previously, many taxpayers were either taxed at the time of acquisition of the options (‘taxed upfront’) or at the time of vesting of the options, despite Read more…

  • We Have Law – How the new Superannuation Law affects you

    02/12/2016
  • On 23 November 2016 the bulk of the legislation with respect to the substantial superannuation changes announced in the 2016/2017 federal Budget passed through both Houses of Parliament. Since the federal Budget, the Government updated their policy regarding several of the proposed changes, most of which were positive. Now that the legislation has been passed, Read more…

  • It’s starting to look like Christmas – a time for tax-effective giving

  • Christmas is traditionally a time for giving including showing your team and clients a token of your appreciation. It is also a time of festivities and lots of dining. With the right approach it is possible to provide these with no FBT. However, this area of law if complex. So we provide our gift to Read more…

  • It’s an Octoberfest of Changes for Employers!

    27/10/2016
  • With the Turnbull Government now settled in, many tax changes previously raised in the Budget are now coming through Parliament. Here is a rundown of the key changes impacting employers. 1. Personal Tax Cuts Employers be aware as of 1 October 2016, the PAYG Withholding rates for employees have changed. The 32.5% tax threshold from $37,001 Read more…

  • Super Update – Further details on the new NCC bring forward cap

    23/09/2016
  • Following on from our Super Update last week, the Treasurer has provided further clarification regarding how the transitional rules will work for individuals who trigger the $540k cap before 1 July 2017. Individuals have one last opportunity this year to use the higher personal after tax contribution limits of $180,000 per year. Where the taxpayer Read more…

  • Tax Record Keeping – In An Electronic Environment

    21/09/2016
  • Within a rapidly changing digital world and with an increasing number of businesses moving towards paperless offices, we are often asked whether tax records can be stored electronically and how long they should be stored for. Electronic storage has obvious benefits, including ease of accessibility and storage efficiency. However, you should be aware of specific Read more…