An Accidental Australian – Tax Residency in a COVID Era

    08/02/2021
  • 8 February 2021 Since mid-March 2020, more than 400,000 Australians living overseas have returned to Australia and many foreign expatriates have found themselves stranded in Australia as a result of the COVID-19 pandemic.  It is fair to say that most did not expect for the crisis to be so long running and given the speed Read more…

  • UK Pension Transfers – The Latest Strategies

    05/02/2021
  • The new Fair and Sustainable Superannuation provisions have now been in place for more than three years.  One area that remains confusing and misunderstood is the ability for individuals to transfer their pension accounts from a UK scheme to Australia.  Background Where a member has benefits in a UK pension account, in order to transfer Read more…

  • Extensions, Concessions and Tax Breaks for the Property Sector– what you need to know

    23/12/2020
  • 23 December 2020 Like many industries, the COVID-19 pandemic has had a significant impact on the property and construction industry.  However, in recognising the importance of these industries to the Australian economy, the Federal and State Governments have been quick to create a number of stimulus measures designed to keep businesses operating in the current Read more…

  • JobKeeper 2.0 – Checklists And Important Dates

    26/10/2020
  • 26 October 2020 As part of our recent JobKeeper series, our latest brief provides you with some straightforward checklists for those businesses that are either seeking to qualify for the extended JobKeeper scheme or are no longer eligible. The following checklists will assist you in determining on what you need to do (in some cases Read more…

  • Clarifying Corporate Tax Residency

    16/10/2020
  • 16 October 2020 Australian based groups with foreign incorporated subsidiaries will be relieved to know that years of commercial uncertainty regarding the tax residency of foreign subsidiaries and unnecessary compliance burdens are proposed to end with the Government’s recent announcement. In its 2020/21 Federal Budget, the Government has stated that it will provide a legislative Read more…

  • From Stimulus to Recovery – Federal Budget Overview

    08/10/2020
  • Jobs, Jobs and more Jobs  – the Trillion Dollar National COVID Bandage 8 October 2020 Anticipated as the most important Budget for the Nation since World War II, on 6 October 2020 the Federal Treasurer, Josh Frydenberg, delivered a delayed Budget geared towards creating jobs and rebuilding the nation, not dissimilar to his compatriots in Read more…

  • Important JobKeeper Updates

    24/09/2020
  • 24 September 2020 With the current JobKeeper Scheme due to end this week and the extended scheme starting on Monday 28 September 2020, the following brief aims to provide you with the latest JobKeeper updates. This article will be of particular interest to the following taxpayers: Sole traders, directors, partners (partnerships) and adult beneficiaries wishing Read more…

  • JobKeeper Extension

    18/09/2020
  • 18 September 2020 In July 2020, the Government announced that the existing JobKeeper Scheme would be extended until 28 March 2021 but with changes to the payment rates and to how the decline in turnover is tested. Legislation to extend the scheme has now received royal assent and this week, both the Treasurer and the Read more…

  • News Flash – Job Keeper Update

    20/08/2020
  • 20 August 2020 IMPORTANT CHANGES TO ELIGIBILITY AND APPROACHING DEADLINES  Employers top five must do actions Businesses participating in the existing JobKeeper scheme must reconsider the eligibility of their employees in order to identify those employees now brought into the existing JobKeeper Scheme under the new 1 July 2020 eligibility test.  Familiarise yourself with the Read more…

  • JobKeeper 2.0 Revisited

    07/08/2020
  • 10 August 2020 The tightened JobKeeper eligibility rules announced by the Government just two weeks ago will be reversed as the Federal Government acknowledges the impact of the Stage Four Victorian restrictions. Whilst the current situation in Victoria has brought to focus those eligibility issues that have been previously identified by professional accounting bodies, the Read more…