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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…

Client Alert for November 2014

Offshore income tax "amnesty" nearing its end

The deadline to take advantage of the ATO's initiative to allow eligible taxpayers to come forward and voluntarily disclose unreported foreign income and assets with reduced penalties is nearing. Read more…

Client Alert for October 2014

AUSKEY Download

For any BAS's lodged electronically after the 1/7/2014 (e.g. a BAS that we have lodged on your behalf using our Tax Agents Portal), the ATO will assume that all future Activity Statements will continue to be lodged electronically, and will not issue any further paper forms. Read more…

Tax Practitioners Board Symbol

Wright Partners can now proudly display another logo on our website.

The Tax Practitioners Board has released an agent symbol.

Registered tax and BAS agents may now use the symbol to identify their registration with the Tax Practitioners Board (TPB).

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