On 1 May 2014 the Federal Government released its National Commission of Audit (NCOA) findings on streamlining the efficiency of government. The comprehensive scope of the report leaves little to the imagination and is expected to form the central blueprint for the 2014 Federal Budget.
From July 1 2014 the ATO will have increased powers to issue a range of penalties to SMSF trustees found to be in breach of superannuation laws.
We are pleased to confirm that the NSW Government has finally passed changes to stamp duty.
WATCH: Prosperity’s Steve Cribb warns of ATO ramp up on TEN eyewitness news
A significant concession, and improvement, was announced to the Employee Share Scheme rules on Tuesday by the Federal Government.
Take the Prosperity Advisers post-Budget Poll so we can understand your sentiment better.
Following an eventful 18 months in the Courts fighting taxpayers over disputes regarding the effectiveness & legitimacy of distributions by trustees (Bamford’s case), the Tax Office has announced new compliance measures for trustees of discretionary trusts in relation to 2012 trust distributions.
With less than two weeks until the end of the financial year and after a federal budget designed to take away a bigger share of income than in previous years, there is no better time to put some effort into year-end planning.
There is less than a month until the end of the financial year and following on from a very tough Federal Budget this is shaping up to be a very important year-end for tax planning.
As potentially the final act plays out in Treasurer Wayne Swan’s Federal Budget performances, it is perhaps fitting to ask the question – was this long drama a comedy or a tragedy?
Our specialists are familiar with the requirements and unique environment in which government operates, with over 25 years’ experience servicing all levels of the government sector and government owned corporations.