Canberra, 23 April 2010: The Government’s long awaited response to the Henry Review will be released on Sunday, 2 May 2010.
The Henry Review is the most comprehensive review of Australia’s tax system in 60 years. The Government’s response is anticipated to herald a series of sweeping reforms.
The Review has taken a ‘root and branch’ approach and examined Australian and State government taxes, and interactions with the transfer system in order to make its recommendations for structural reform.
More Information: Australia’s Future Tax System Review
Tags: Federal Government | Henry review | State Government
Posted in Business Insight, Infotelligence |
Q. Our business has just secured a major contract and we are going to need to borrow more money from the bank to fund the working capital requirements. The bank has asked for a copy of our business plan. The truth is we don’t have one. What are they expecting and why are they so important?
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Posted in Business Scruples (Q&As), Export, Infotelligence, Sydney News & Events |
If you’re selling your business, the CGT small business concessions have the capacity to reduce your capital gains tax liability to $0. Understandably, the tax savings that can be achieved make the concessions very popular with business owners. However, the extent of the tax savings also means that the concessions come under close Tax Office scrutiny. Quite a few taxpayers have been stung with very large and unexpected tax bills because they claimed the concessions but did not pass the eligibility tests. FIND OUT MORE
Tags: Capital Gains Tax | CGT | Tax strategy and structuring
Posted in Business Insight, Infotelligence |
A recent article published in the online small business magazine SmartCompany will have many people reviewing what they say and expose on Facebook and other social networking sites. FIND OUT MORE
Posted in Infotelligence |
One of the great things about superannuation is the concessional tax rates. Concessional contributions, which come from pre tax income, are taxed at 15%. FIND OUT MORE
Tags: SMSF | Superannuation
Posted in Business Scruples (Q&As), Export, Infotelligence |
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