NSW Budget: A focus on first home buyers, foreign landowners and betting taxes
The NSW Government released its 2022-2023 State Budget today.
Year-end tax planning toolkit for 30 June 2022
ATO extends administrative practice for maturing sub-trust arrangements
The Australian Taxation Office (ATO) has released an update to its compliance guidelines confirming that a valid sub-trust arrangement maturing during the year ended 30 June 2022 may be converted to a 7-year complying Division 7A loan. The updated guidance extends this to all valid sub-trust arrangements arising on or before 30 June 2022 maturing […]
No budget news is good news for SA business
A decision not to introduce new taxes and a commitment to cap any increase in charges at 2% for 2022-23 from the new South Australian government will be a welcome relief for the business community, as the State continues its transition to a post-pandemic economic reality. Premier Peter Malinauskas and SA Treasurer Stephen Mullighan delivered […]
Year End Tax Planning 2022
With the end of the financial year looming fast, it is an opportune time to consider the tax and financial affairs of your business and ensure that your year-end tax planning is in order.
Victorian State Budget 2022-23: State Taxation and Treasury Legislation Amendment Bill
The State Taxation and Treasury Legislation Amendment Bill 2022 (Bill) was introduced into Parliament on 11 May 2022. It contains a number of proposed changes to Victoria’s tax regime, the most significant of which relates to land tax. The Bill also contains proposed amendments to the new windfall gains tax, stamp duty and the state taxation administration rules.
Our advocacy work: Section 100A
Earlier this year, the ATO released long-awaited guidance on the application of section 100A. Find out more.
Our advocacy work: Division 7A
The ATO has updated its view regarding the treatment of unpaid present entitlements for Division 7A purposes.
The two ‘big numbers’ in last night’s federal budget
In this interview, Craig Whatman from Pitcher Partners Melbourne discusses the economy, tax and the biggest surprises from the latest federal budget. Craig is in conversation with 3AW’s Ross and Russel. You can listen below via the player or read the full interview by downloading the transcript. You can also access our full analysis of […]
Federal Budget 2022-23 | March: Overview
The overall structure of the Federal Budget 2022-23 appears to have been designed not to offend any voter in the electorate. To this end, it could be said that the Budget lacks a constructive and meaningful push for greater innovation or efficiency within the business community. However, in its defence, the Budget handed down may […]