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From the category archives: Whytes CPA Blog

Year End Planning

Budget changes to foreign resident CGT: draft legislation

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Draft legislation has been released to implement 2017–2018 Federal Budget measures relating to the CGT liability of foreign residents. The measures, which applied from 9 May 2017:


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Tax cut closed off for passive investment companies

post image The Government has released exposure draft legislation to deny access to the lower corporate tax rate of 27.5% (down from 30%) for companies with predominantly passive income. 


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The surprising demographic capitalising on the sharing economy

post image The sharing economy has long been viewed as the domain of the young and hip – but that may be changing. Don’t be surprised if your next Uber driver has silver hair.

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International tax issues - Post-Panama tax landscape

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Doing business outside Australia can be an important way to grow an enterprise. But in the wake of the Panama Papers scandal there is a new tax landscape, with complex issues that both taxpayers and tax practitioners need to manage.

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Research and development tax incentive rates change

post image The Federal Government has reduced the rates of the tax offset available under the research and development (R&D) tax incentive for the first $100 million of eligible expenditure by 1.5 percentage points. The higher (refundable) rate of the tax offset has been reduced from 45% to 43.5% and the lower (non-refundable) rate of the offset has been reduced from 40% to 38.5%.
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Budget Summary 2015

The Federal Treasurer, Mr Joe Hockey, handed down his second budget at 7.30pm (AEST) on Tuesday 12 May. In general, the budget is aimed at supporting small business and growing jobs ($5.5 billion including $5 billion of tax relief), supporting families ($4.4 billion funding boost), ensuring fairness of tax and benefits, national security and progressing budget repair in a measured way.

For a Summary see below. 

Budget Report from CPA.pdf


GETTING IT RIGHT! ..... NEW YEAR PLANNING FOR YOUR BUSINESS in 2015 Seeing the rewards of planning and the effects of not planning in my years as a Business Coach; below is a compilation of my 5 must have TIPS for "Resetting the Bar" in your business for 2015. 1.            Set & Clearly document your Business Goals for 2015  a)  Ensure they are Specific, Measurable, Achievable, Results oriented, within a set Timeframe b)  Know your Company Vision and where you are taking the business c)  Document your Goals & Vision d)  Share, Share, Share..... You can't achieve success on your own! 2.            Define the Areas of Improvement a)  Financial Dashboard, People Performance, Marketing for ROI, Delivery & Distribution Improvement, Customer Care & Communication b)  Accountability - Monitor your b ...
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Tax Savings with Whytes Year End Planning 2013

Whytes - Year End Planning 2013

Tax planning is essential when looking to provide tax savings and when carried out correctly can save both individuals and companies considerable amounts. Taxpayers can manage their taxable incomes through a number of tax planning initiatives which Whytes have explained in their Year End Planning guide to help with managing taxable income. 

The tax saving initiatives explored by Whytes include:

  • Deferring income

  • Trusts

  • Capital gains tax

  • Superannuation

  • Maximising deductions

  • Companies

  • Fringe benefits tax

  • Individuals

Read Whytes Newsletter Year End Planning 2013 to find out how you can maximise your tax savings.

Contact Whytes for advice on tax planning and how to achieve financial success.

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