Insights
  • Major changes to director penalty notices now effective

    April 2, 2019

    Treasury Laws Amendment (2018 Measurements No. 4) Bill 2018 received Royal Ascent on 1 March 2018. This legislation impacts directors that have unreported employees' Superannuation Guarantee liabilities. It will severely…

  • ALP Key Tax Policies

    March 4, 2019

    Snapshot of the ALP key tax policies Income Tax Reforms 1. Restrict deductions on personal tax-related expenses to a $3,000 cap per individual, per year (Ref: Shadow Treasurer's and Assistant…

  • Instant asset write off to be increased to $25k

    January 30, 2019

    Yesterday, The Morrison Government announced its intention to increase the instant asset write off to $25k. The write off will be for small businesses with a turnover of below $10m…

  • Fast-tracking tax cuts for small and medium businesses

    November 2, 2018

    Fast-tracking tax cuts for small and medium businesses The Government has fast-tracked the already legislated tax cuts to small and medium businesses by bringing them forward five years. Companies with…

  • Scammers impersonating tax agents

    November 2, 2018

    Scammers impersonating tax agents The ATO has received increasing reports of a new take on the ‘fake tax debt’ scam, whereby scammers are now impersonating registered tax agents to lend…

  • Proposed expansion of STP to smaller employers

    October 8, 2018

    Proposed expansion of STP to smaller employers Single Touch Payroll (‘STP’) commenced on 1 July 2018 for approximately 73,000 employers who have 20 or more employees. There is currently legislation…

  • How financial advisors can build trust

    August 24, 2018

    A local accounting firm is aiming to restore trust in financial planning following the troubling revelations of the Financial Services Royal Commission. Knight Public Accountants recently became an authorised representative…