Client Alert Newsletter

The latest version of our Client alert can be read by clicking on the following link. The topics covered are:

  • Single Touch Payroll pilot and tax offset proposed - The Government is looking to cut red tape for employers by simplifying tax and superannuation reporting obligations through its initiative called Single Touch Payroll (STP).
  • GST simplified accounting methods for small food retailers — Simplified GST accounting methods are available for small food retailers if they meet certain eligibility conditions.
  • Government's Innovation Agenda contains tax incentives — The Government is looking to support innovation and its recently released Innovation Agenda proposes a suite of new tax and business incentive measures.
  • ATO data matching real property transactions — The ATO has issued a notice announcing that it will be acquiring details of real property transactions for the period 20 September 1985 to 30 June 2017 from various state revenue offices and tenancy boards.
  • Tax treatment of earnout rights on business sale — A Bill has been introduced in Parliament that proposes to amend the tax law to change the capital gains tax treatment of the sale and purchase of businesses involving certain earnout rights.
  • Are your super saving goals on track? — The new calendar year is a good time to conduct a superannuation health check and set some new goals to help boost superannuation savings.

Client Alert - February 2016