Although there are just a few weeks to go before the end of the financial year, there are still steps that can be taken to minimise tax liabilities, said Peter Bembrick, tax partner with HLB Mann Judd Sydney. “It’s not too late to take action to reduce your tax bill – after all, there’s no […]
continue readingAs the tax reform debate reaches fever pitch ahead of this year’s Australian federal election, businesses of all sizes have been invited to weigh in as part of the fifth annual BDO Tax Reform Survey. Open until 11 March, the survey gives businesses around the country a cumulative voice to highlight the tax measures most in […]
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09
Feb
2016
BDO in Australia has announced the reappointment of Tax partner Mark Molesworth to the Board of Taxation’s Advisory Panel until the end of 2016. The Advisory Panel draws together some of Australia’s leading taxation professionals who voluntarily contribute their knowledge and expertise. Its purpose is to assist the Board of Taxation in the general performance of its Charter […]
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14
Dec
2015
Tax-effective investing outside of super just got better, with the creation of three new investment bond funds by investment bond specialist, Centuria Life Limited (Centuria). Describing the new funds, Neil Rogan, General Manager of Centuria Life, the Investment Bond Division of Centuria, said the new investment options have been developed in response to demand from […]
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27
Oct
2015
Australian families should brace themselves for more ‘user pays’ in our education system. Regardless of whether the current Federal Government achieves its stated education reforms, costs will inevitably rise in the future, according to Matt Walsh, head of Lifeplan. “There’s an old saying that ‘nothing can be said to be certain, except death and taxes’ […]
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02
Jun
2015
Centuria Life has partnered with independent investment house, Mason Stevens, to create another bespoke product in its recently launched TaxAstute series – in this case, a credit bond. The Tax Astute series offers investment professionals a vehicle that combines the highly tax effective structure of a traditional insurance bond, with an underlying asset mix of […]
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29
Jan
2015
The Federal Government should move to finalise reform to laws governing the taxation of trusts, with interim legislation passed by the previous government hampering the small business sector, according to leading Australian accounting firm, Crowe Horwath. Five weeks ago the government stated that it would review 92 announced but unlegislated tax and superannuation measures. Reform […]
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13
Dec
2013
Yesterday’s tabling of a Bill to provide for fairer taxation of excess contributions in super is a welcome measure designed to create greater equity for lower and middle income earning Australians. Yesterday’s Tax Laws Amendment (Fairer Taxation of Excess Concessional Contributions) Bill 2013 provides a fair and considered response to resolving a fundamental imbalance for many […]
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20
Jun
2013
There are important questions we need to answer about taxes. How progressive or regressive? How should rates vary on different forms of income? How much of fixing our fiscal problems should come from raising revenue versus cutting spending? I have my opinions and you are entitled to yours. But some basic truths, old fashioned as […]
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19
Dec
2012
In the last quarter, 465 individuals and companies were convicted for tax and superannuation criminal offences resulting in over $1.56 million in fines and penalties. “The ATO pursues tax cheats to the full extent of the law to ensure people who pay their fair share of tax are not disadvantaged,” Tax Commissioner Michael D’Ascenzo said. […]
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13
Dec
2012
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