Tax Archive

Tax

One-off Super Guarantee Amnesty

Employers that have fallen behind with their superannuation guarantee (SG) obligations will have 12 months to “self-correct” under a new amnesty announced late last month.

Tax

Proposed Research and Development Tax Incentive Changes

Unfortunately the aim to save $2.4B over 4 years has complicated the Research and Development Tax Incentive Scheme (R&DTI) for companies with a turnover over $20M & reduced the benefits for the majority of claimants.

Property

WITHHOLDING GST AS AT 1 JULY 2018

As of 1 July 2018 there is another change to how new residential property sales are treated. Purchasers will now need to withhold GST from the purchase price on behalf of the vendor, and remit it to the ATO.

TaxThe Killer Series

The Killer Revealed

The killer is multinational corporate tax rates. Do you know why? Because they are ZERO, and if a multinational isn't on ZERO income tax rate, they are close to ZERO. It's an absolute disgrace these multinational companies paying ZERO tax.

TaxThe Killer Series

The Killer Series – Part 1

The Killer and not the Killers I wanted to focus on in this rant. The Killer is the most passive aggressive infiltration of globalisation gone wrong and it’s only attacked by little lame ducks (scribes) like myself out here in small business land having virtually no influence. But, you gotta have a go, so here goes.

Small Business Tax Advice

Real Knowledge

The Killer Series

The Killer – Episode 1

Tax

Your business has been selected for an ATO audit!

These are the words nobody ever wanted to hear, but have you ever wondered how the ATO identifies who to audit?

Tax

TAX DEDUCTIONS IN DANGER

A recent Parliamentary Inquiry into Tax Deductions created some fairly sensational headlines about what and how deductions are being claimed - $22 billion worth to be exact. 

Tax

Small business restructure roll-over concessions

What happens if you are in the wrong structure? Have you ever had a chat with a colleague or mate and thought “why aren’t I doing that” or “I wish I could change the way my business works”.

Tax

Great news for everyone running a small business!

The Small Business Entity threshold has increased to $10 million from 1 July 2016 onwards (became law on 19th May 2017). Previously the Small Business Entity threshold was $2 million. Basically, you are a Small Business Entity if you carry on a business and have an aggregated turnover of less than $10 million.

Property

UPDATE – Withholding tax on property sales

Last year we wrote an article detailing the new withholding tax introduced for properties sold to foreign residents.  For any property sold for more than $2 million after 1 July 2016, the purchaser had an obligation to withhold 10% of the sale price.

Why you landed here

Phillip Anthony Partners joins Paris Financial East Melbourne

We are pleased to share that the team at Phillip Anthony Partners have merged with Paris Financial. Our team at Paris Financial can provide you with a large range of quality financial services with over 65 people located across two convenient locations in Blackburn and East Melbourne.

Paris Financial shares the same philosophy as Phillip Anthony Partners of providing a value focused and high quality service for each of our clients. We look forward to assisting with your accounting needs.