Federal Budget 2021-22: Personal income tax
The Government will maintain changes to reduce personal income tax. This measure is designed to continue to stimulate the economy by increasing the disposable income available to individuals.
Federal Budget 2021-22: Business tax
The Government has provided further support for capital investment by businesses and assistance with cash flows by extending the “temporary full expensing” measure as well as the loss carry-back offset for an additional income year. Important changes to the minimum threshold for the superannuation guarantee charge (SGC) have also been announced.
Federal Budget 2021-22: Finance and investment
The Government has committed to the introduction of the Corporate Collective Investment Vehicles regime (CCIVs) regime, with a revised start date. There has also been a number of minor technical changes announced to the Taxation of Financial Arrangement (TOFA) rules relating to portfolio hedging and foreign currency.
Federal Budget 2021-22: International tax
The Government has announced a significant change to Australia’s individual tax residency rules, as well as some other cross-border proposals of note.
Federal Budget 2021-22: Superannuation
Superannuation changes announced in the Budget are beneficial in nature and mainly target increasing flexibility and contribution opportunities for individuals over age 60.
Federal Budget 2021-22: Employee share schemes
The Government has proposed improvements to the tax and regulatory regime applying to employee share schemes (ESS). These measures are designed to make ESS arrangements more attractive and accessible to businesses when seeking to attract and retain talent.
Federal Budget 2021-22: Digital and intangibles
The Government outlined a number of significant measures in the Budget as part of a Digital Economy Strategy. As a part of that strategy, three tax incentives were announced, all proposing to reduce the overall tax paid by businesses conducting certain digital activities and investing in the development of intangible assets.
Federal Budget 2021-22: Brave structural moves left on the shelf
Tonight’s federal budget delivers enough for businesses to keep them sailing along as the economy becomes more buoyant, but it lacks great vision for the direction of the country, instead locking in previous budget measures as business as usual. National Chairman of the Pitcher Partners National Association John Brazzale said tonight’s Budget has been built […]
ATO practical compliance guidelines discriminatory and unfounded
Like most of the business owners who are my clients, I bring years of education, experience, relationships, leadership and effort to work everyday to try to run a profitable business. These factors are not distinguishable by industry. The owners of the property developer, fashion retailer, software engineer, shoe care manufacturer, office furniture wholesaler, grass seed farmer, PR agency and law firm clients I have represented over the years all have this in common.
Australian Taxation Office: Commercial deals ATO TV
The Australian Taxation Office (ATO) team visited our Melbourne firm to meet with Stuart Dall, Partner and film a snippet for ATO TV on their Commercial Deals program. Where appropriate, the program allows Pitcher Partners to better support our clients undertaking commercial deals or business restructures, by having real time engagement with the ATO. “…the […]