The Commissioner considers that accommodation is generally treated as income of an employee and therefore subject to PAYE. However, in certain circumstances, overnight and temporary accommodation related to an employee’s job is not likely to be taxable.
Some people were born to crunch numbers, others get sweaty palms at the thought. There are arguments for and against doing your own taxes. For anyone with the remotest amount of complexity to their tax position, trying to cut corners on tax preparation isn’t always a good idea. It’s often what you don’t know that …
Important changes were proposed dramatically affect the way that Capital Gains made by non-resident tax-payers on Australian property (real estate or mining) assets are taxed. Until now, non-resident tax-payers in Australia enjoyed a 50% discount on any Capital Gains tax payable in relation to the sale of Australian property (real estate or mining assets), if …
Changes to Capital Gains Tax in Australia for Non-Residents Read More »
Simon Lord looks at what business owners need to consider to make their dreams of national or international expansion come true.
Terry Baucher details big changes afoot in child support payment calculations and asks why late penalties remain so heavy handed By Terry Baucher* Peter Dunne recently commented that almost 40% of all the correspondence he receives as Minister of Revenue relates to child support. He made his remarks in the wake of the passing of …
Graham Matthews says recent and significant changes in house insurance will have a big impact on homeowners At the end of April 2013 the rules regulating how domestic home insurance policies are calculated changed. Previously, most policies were based on the size of the dwelling, but from the 28th of April 2013, the policies of …
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent Reserve Bank Governor Graeme Wheeler said: “The outlook for monetary policy remains consistent with that described in the March Monetary Policy Statement. “Despite continued strains in Europe and disappointing data in some countries most recently, global financial market sentiment remains buoyant …
Being up to date with all tax obligations (including Income Tax, GST, RWT, Payroll Taxes, and the likes) is an indicator of good management and a healthy business. If you need assistance getting any of the above up-to-date, contact us as we can help.
A vendor’s Lawyer and Accountant should work together to conduct vendor due diligence prior to a business being put on the market where ever possible. It is critical for advisors to have an understanding of how the client’s business operates and where the value in the business lies. The vendor due diligence may be relatively …
Well the end of the Financial Year ending 31/03/2013 is here. All of our clients should have received their 2013 Checklists and Scheduled Date in mid March. If you have not received these, please contact us. Our Checklists have been designed to provide all required information to not only meet IRD Audit Standards but also …
