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Client Alert for July 2015

Small business company tax rate cut

Parliament has passed legislation which will implement a 2015 Budget measure to reduce the company tax rate from 30% to 28.5% for companies that are small business entities with an aggregated turnover of less than $2 million. Read more…

Xero Silver Partner

Wright Partners is now a Silver Partner with Xero. Xero is an exciting new way of bookkeeping for small businesses. Check it out at https://www.xero.com/au/

Federal Budget Extra June 2015

PERSONAL TAXATION

Personal tax rates: budget deficit levy not to be extended

The 2015–2016 Budget did not make any changes to the current personal tax rates, although in the lead-up to the Budget, the Treasurer indicated that the 2% budget deficit levy (tax) on incomes over $180,000 would not be extended beyond its initial three years. Read more…

Client Alert for June 2015

Commissioner's statutory remedial power on the way

Even though the Commissioner of Taxation endeavours to interpret the law to give effect to its purpose or object, there are instances where this is not possible. Read more…

Client Alert for May 2015

Tax planning

There are many ways in which entities can defer income, maximise deductions and take advantage of other tax planning initiatives to manage their taxable incomes. Read more…

Client Alert for April 2015

Separate ATO appeals unit needed to resolve tax disputes

The Inspector-General of Taxation has called for a separate appeals unit within the ATO following a review of the ATO's management of tax disputes. Read more…

Client Alert for March 2015

Small business tax review finds first steps for improvement

The results of a review into tax impediments affecting the success and growth of small businesses has been released by the Government. Read more…

Client Alert for February 2015

Borrowing by superannuation funds under scrutiny

Late last year, the Murray Financial System Inquiry called on the Government to restore the general prohibition on direct borrowings by superannuation funds. Read more…

Client Alert for December 2014 - January 2015

Project DO IT nearing end, taxman focus on non-disclosure

The ATO has responded to fears expressed by some taxpayers that disclosing previously undeclared offshore income and assets could set them up for future tax investigations. Read more…

Christmas/New Year break 2014-15

Our Office will close 12.30pm on Wednesday, 24th December 2014 and

Re-open 8.30am on Monday, 5th January 2015.

 

We wish you a Merry Christmas and a Prosperous New Year!

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