EXPERT INSIGHTS FROM OUR TEAM.

PODCAST: Tax Effective Structuring

– Insights by Andrew Henshaw In this episode of Tax Talks, Andrew Henshaw discusses the key tax issues to consider when considering structuring investments and business affairs. Click the link below to listen...

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PODCAST: Related Party LRBA

PODCAST: Related Party LRBA

– Insights by Andrew Henshaw In this episode of Tax Talks, Andrew Henshaw discusses how a Limited Recourse Borrowing Arrangement can be put in place between a Self Managed Superannuation Fund, and a related party. Click the link below to listen...

PODCAST: SMSF BUYS PROPERTY JOINTLY

PODCAST: SMSF BUYS PROPERTY JOINTLY

– Insights by Andrew Henshaw In this episode of Tax Talks, Andrew Henshaw discusses the potential traps associated with a Self Managed Superannuation Fund buying property jointly. Click the link below to listen in.

PODCAST: The 2019 Harding Case

PODCAST: The 2019 Harding Case

– Insights by Andrew Henshaw The 2019 Harding case received a lot of media attention. And put the spot light onto our highly contentious tax residency rules for individuals – again. In this episode of Tax Talks, Andrew Henshaw discusses the current state of play...

PODCAST: Div 7A Reform

PODCAST: Div 7A Reform

– Insights by Andrew Henshaw What will the upcoming Division 7A reform look like? Andrew Henshaw discusses on this episode of Tax Talks. Click the link below to listen in.

PODCAST: Div 7A Questions

PODCAST: Div 7A Questions

– Insights by Andrew Henshaw In this episode of Tax Talks, Andrew Henshaw answers three Division 7A listener questions. Click the link below to listen in.

Stamp Duty to apply to Development Agreements in Victoria

Stamp Duty to apply to Development Agreements in Victoria

BREAKING: STAMP DUTY TO APPLY TO DEVELOPMENT AGREEMENTS IN VICTORIA The Victorian Government handed down their 2019-20 Budget on Monday 27 May. Under the Budget, various changes to certain state taxes were announced (including duty, land tax and payroll tax). Two days...

Contractor or Employee: What’s the Risk?

Contractor or Employee: What’s the Risk?

Contractor or Employee: What’s the Risk?   We often see employers misunderstand the distinction between independent contractor and employee. This can be a very costly mistake. In this article we discuss: the difference between an employee and an independent...

Struggling with a landlord? You may be able to terminate the lease

Struggling with a landlord? You may be able to terminate the lease

The following article was published on LinkedIn. Here is the link to the original post original post. Struggling with a landlord? You may be able to terminate the lease Heavily entrenched in our legal system is the idea that if a party is not complying with its...

SELLING YOUR BUSINESS:  HOW TO NAVIGATE THE LEGAL MINEFIELD

SELLING YOUR BUSINESS: HOW TO NAVIGATE THE LEGAL MINEFIELD

By: Scott McKenzie (Director) and Andrew Henshaw (Director) Selling a business can be a bittersweet moment. On one hand, you are ‘cashing in’ and will have the opportunity to free up time for other priorities. However, ending your journey can be a tough...

Business Succession: Transitioning to the next generation

Business Succession: Transitioning to the next generation

The following article was published on LinkedIn. Here is the link to the original post original post. Transitioning Family Businesses Statistics demonstrate that family owned businesses are the lifeblood of Australia’s economy. For example: around 70% of...

Selling a fitness business: what you need to know

Selling a fitness business: what you need to know

Scott McKenzie (Director at Velocity Legal) is the Chairperson of the Fitness Australia Industry Council. The following article was published on the Fitness Australia website on 25 June 2018. Here is the link to the original post original post. SELLING A...

Buying a fitness business: what you need to know

Buying a fitness business: what you need to know

Scott McKenzie (Director at Velocity Legal) is the Chairperson of the Fitness Australia Industry Council. The following article was published on the Fitness Australia website on 25 June 2018. Here is the link to the original post. BUYING A FITNESS...

Tax residency – Commissioner wins big in recent expat case

Tax residency – Commissioner wins big in recent expat case

TAX RESIDENCY – COMMISSIONER WINS BIG IN RECENT EXPAT CASE There are many Australian citizens and permanent residents who leave Australia to work overseas (Expats). Expats will often consider they are not a resident of Australia for tax purposes (i.e. a non-resident),...

CGT marriage breakdown roll-over: the Sandini Case revisted

CGT marriage breakdown roll-over: the Sandini Case revisted

CGT MARRIAGE BREAKDOWN ROLL-OVER: THE SANDINI CASE REVISTED A recent case before the Full Federal Court has tested the limits of the CGT marriage breakdown rollover relief. In Ellison & Anor v Sandini Pty Ltd & Ors; FC of T v Sandini Pty Ltd & Ors [2018]...

‘PLUS’ GST CASE – COURT OF APPEAL MUDDIES THE WATERS

‘PLUS’ GST CASE – COURT OF APPEAL MUDDIES THE WATERS

‘PLUS’ GST CASE – COURT OF APPEAL MUDDIES THE WATERS The Victorian Court of Appeal has reversed a Supreme Court decision on whether the purchase price in a sale of land contract was GST-inclusive or GST-exclusive. The Court of Appeal held that the word ‘GST’ should be...

THE EMPIRE STRIKES BACK: THE NEW GST WITHHOLDING REGIME

THE EMPIRE STRIKES BACK: THE NEW GST WITHHOLDING REGIME

THE EMPIRE STRIKES BACK: THE NEW GST WITHHOLDING REGIME Ordinarily, vendors pay GST on the value of the taxable supplies that they make. Vendors will sell goods or services for a price that includes a GST component. When it comes time to lodge their BAS, the vendor...

THE NEW 27.5% CORPORATE TAX RATE: HOW DO I GET IT?

THE NEW 27.5% CORPORATE TAX RATE: HOW DO I GET IT?

THE NEW 27.5% CORPORATE TAX RATE: HOW DO I GET IT? On 1 July 2017, the new 27.5% corporate tax rate took effect. Many companies that are ‘small businesses’ will qualify for the new tax rate. Companies that do not meet the criteria will continue to have their profits...

FOREIGN PROPERTY INVESTORS STUNG: SPECIAL BUDGET UPDATE

FOREIGN PROPERTY INVESTORS STUNG: SPECIAL BUDGET UPDATE

FOREIGN PROPERTY INVESTORS STUNG: SPECIAL BUDGET UPDATE In my most recent edition of Life, Death and Taxes, I talked about some of the tax and duty changes targeting foreign property investors over the last five years. Unfortunately for foreign property investors, the...

Born in the USA

Born in the USA

A look at one big difference between the Australian and US tax systems.

PODCAST: Tax Effective Structuring

PODCAST: Tax Effective Structuring

– Insights by Andrew Henshaw In this episode of Tax Talks, Andrew Henshaw discusses the key tax issues to consider when considering structuring investments and business affairs. Click the link below to listen in.

PODCAST: Related Party LRBA

PODCAST: Related Party LRBA

– Insights by Andrew Henshaw In this episode of Tax Talks, Andrew Henshaw discusses how a Limited Recourse Borrowing Arrangement can be put in place between a Self Managed Superannuation Fund, and a related party. Click the link below to listen...

PODCAST: SMSF BUYS PROPERTY JOINTLY

PODCAST: SMSF BUYS PROPERTY JOINTLY

– Insights by Andrew Henshaw In this episode of Tax Talks, Andrew Henshaw discusses the potential traps associated with a Self Managed Superannuation Fund buying property jointly. Click the link below to listen in.

PODCAST: The 2019 Harding Case

PODCAST: The 2019 Harding Case

– Insights by Andrew Henshaw The 2019 Harding case received a lot of media attention. And put the spot light onto our highly contentious tax residency rules for individuals – again. In this episode of Tax Talks, Andrew Henshaw discusses the current state of play...

PODCAST: Div 7A Reform

PODCAST: Div 7A Reform

– Insights by Andrew Henshaw What will the upcoming Division 7A reform look like? Andrew Henshaw discusses on this episode of Tax Talks. Click the link below to listen in.

PODCAST: Div 7A Questions

PODCAST: Div 7A Questions

– Insights by Andrew Henshaw In this episode of Tax Talks, Andrew Henshaw answers three Division 7A listener questions. Click the link below to listen in.

Stamp Duty to apply to Development Agreements in Victoria

Stamp Duty to apply to Development Agreements in Victoria

BREAKING: STAMP DUTY TO APPLY TO DEVELOPMENT AGREEMENTS IN VICTORIA The Victorian Government handed down their 2019-20 Budget on Monday 27 May. Under the Budget, various changes to certain state taxes were announced (including duty, land tax and payroll tax). Two days...

Contractor or Employee: What’s the Risk?

Contractor or Employee: What’s the Risk?

Contractor or Employee: What’s the Risk?   We often see employers misunderstand the distinction between independent contractor and employee. This can be a very costly mistake. In this article we discuss: the difference between an employee and an independent...

Struggling with a landlord? You may be able to terminate the lease

Struggling with a landlord? You may be able to terminate the lease

The following article was published on LinkedIn. Here is the link to the original post original post. Struggling with a landlord? You may be able to terminate the lease Heavily entrenched in our legal system is the idea that if a party is not complying with its...

SELLING YOUR BUSINESS:  HOW TO NAVIGATE THE LEGAL MINEFIELD

SELLING YOUR BUSINESS: HOW TO NAVIGATE THE LEGAL MINEFIELD

By: Scott McKenzie (Director) and Andrew Henshaw (Director) Selling a business can be a bittersweet moment. On one hand, you are ‘cashing in’ and will have the opportunity to free up time for other priorities. However, ending your journey can be a tough...

Business Succession: Transitioning to the next generation

Business Succession: Transitioning to the next generation

The following article was published on LinkedIn. Here is the link to the original post original post. Transitioning Family Businesses Statistics demonstrate that family owned businesses are the lifeblood of Australia’s economy. For example: around 70% of...

Selling a fitness business: what you need to know

Selling a fitness business: what you need to know

Scott McKenzie (Director at Velocity Legal) is the Chairperson of the Fitness Australia Industry Council. The following article was published on the Fitness Australia website on 25 June 2018. Here is the link to the original post original post. SELLING A...

Buying a fitness business: what you need to know

Buying a fitness business: what you need to know

Scott McKenzie (Director at Velocity Legal) is the Chairperson of the Fitness Australia Industry Council. The following article was published on the Fitness Australia website on 25 June 2018. Here is the link to the original post. BUYING A FITNESS...

Tax residency – Commissioner wins big in recent expat case

Tax residency – Commissioner wins big in recent expat case

TAX RESIDENCY – COMMISSIONER WINS BIG IN RECENT EXPAT CASE There are many Australian citizens and permanent residents who leave Australia to work overseas (Expats). Expats will often consider they are not a resident of Australia for tax purposes (i.e. a non-resident),...

CGT marriage breakdown roll-over: the Sandini Case revisted

CGT marriage breakdown roll-over: the Sandini Case revisted

CGT MARRIAGE BREAKDOWN ROLL-OVER: THE SANDINI CASE REVISTED A recent case before the Full Federal Court has tested the limits of the CGT marriage breakdown rollover relief. In Ellison & Anor v Sandini Pty Ltd & Ors; FC of T v Sandini Pty Ltd & Ors [2018]...

‘PLUS’ GST CASE – COURT OF APPEAL MUDDIES THE WATERS

‘PLUS’ GST CASE – COURT OF APPEAL MUDDIES THE WATERS

‘PLUS’ GST CASE – COURT OF APPEAL MUDDIES THE WATERS The Victorian Court of Appeal has reversed a Supreme Court decision on whether the purchase price in a sale of land contract was GST-inclusive or GST-exclusive. The Court of Appeal held that the word ‘GST’ should be...

THE EMPIRE STRIKES BACK: THE NEW GST WITHHOLDING REGIME

THE EMPIRE STRIKES BACK: THE NEW GST WITHHOLDING REGIME

THE EMPIRE STRIKES BACK: THE NEW GST WITHHOLDING REGIME Ordinarily, vendors pay GST on the value of the taxable supplies that they make. Vendors will sell goods or services for a price that includes a GST component. When it comes time to lodge their BAS, the vendor...

THE NEW 27.5% CORPORATE TAX RATE: HOW DO I GET IT?

THE NEW 27.5% CORPORATE TAX RATE: HOW DO I GET IT?

THE NEW 27.5% CORPORATE TAX RATE: HOW DO I GET IT? On 1 July 2017, the new 27.5% corporate tax rate took effect. Many companies that are ‘small businesses’ will qualify for the new tax rate. Companies that do not meet the criteria will continue to have their profits...

FOREIGN PROPERTY INVESTORS STUNG: SPECIAL BUDGET UPDATE

FOREIGN PROPERTY INVESTORS STUNG: SPECIAL BUDGET UPDATE

FOREIGN PROPERTY INVESTORS STUNG: SPECIAL BUDGET UPDATE In my most recent edition of Life, Death and Taxes, I talked about some of the tax and duty changes targeting foreign property investors over the last five years. Unfortunately for foreign property investors, the...

Born in the USA

Born in the USA

A look at one big difference between the Australian and US tax systems.

Level 49, 360 Elizabeth Street,
Melbourne VIC 3000

Level 10, 580 George Street,
Sydney NSW 2000

Level 49, 360 Elizabeth Street,
Melbourne VIC 3000

Level 10, 580 George Street,
Sydney NSW 2000

Liability limited by a scheme approved under professional standards legislation.