The Victorian Government has announced land tax relief measures for landlords and commercial owner-occupiers for the 2021 land tax year. These measures are in addition to measures announced in relation to the 2020 land tax year.
COVID-19 has brought uncertainty and redefined many standard and customary work practices. One area where it has had a significant impact is fringe benefits tax (FBT) and benefits provided to employees. With the Christmas period fast approaching, many employers will be considering what benefits to provide their staff and clients.
Certain Fringe Benefits Tax (“FBT”) exemptions will now apply to businesses with turnovers between $10 million and $50 million. Retraining of redundant and redeployed employees will also be exempt from FBT. Record-keeping requirements may also be reduced in future.
The broadening of the income tax system under then Treasurer, the Hon Paul Keating, to encompass capital gains tax (CGT), from 20 September 1985 represented a profound structural shift in Australia’s federal income tax system.
Amendments to the JobKeeper rules have made changes to the decline in turnover test that will apply to JobKeeper extension payments. Employers must now calculate their decline in turnover under the GST attribution rules that apply to them for BAS reporting purposes.
Michael is the Managing Partner of Pitcher Partners Newcastle and Hunter. He brings a deep knowledge of taxation issues, effective structuring, superannuation, and business improvement knowledge to his clients. With a relatable approach, Michael enjoys working alongside people to help them achieve their business and financial goals. He appreciates that every business is different and […]
Simon leads the Pitcher Partners Brisbane tax consulting group and has extensive experience delivering high value advice in corporate tax, M&A, due diligence and commercial joint venture structuring. He has also built a consistent tax compliance practice over the years; proactively managing the tax compliance functions of large investment funds (both Queensland State owned and […]
Scott identifies and resolves complex taxation issues for high wealth and business clients, with a focus on property groups including investment, development and construction – from first time property owners to established players as well as more complex retirement villages, aged care and related investments. His broad understanding of taxation matters related to the industry […]
Martin provides tax and business advisory services to small and medium-sized enterprise (SME) market specialising in financial services, property and construction, and technology. His expertise in income tax, capital gains tax, international tax and goods and services tax provides clients with effective tax solutions to achieve their business objectives. He regularly assists clients in negotiations […]
Jake’s varied career has seen him work in a number of specialist areas, including audit, tax consulting and business advisory. His motivation comes from working with small to medium enterprises – both the business itself and the owners, for whom he seeks to ensure optimal tax outcomes. With a particular focus on income tax advisory, Jake […]
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