Are You Liable for the New Victorian Vacant Residential Property Tax?

By Neil Brennan on 15/02/19 - Mins to read: 2 minutes

Selected inner and middle ring Melbourne suburbs that have been vacant for six months or more may be subject to a recently introduced tax, effective 1 January 2018. So, is your property affected? Consider the following questions to help you determine if you are liable for the Victorian Vacant Residential...
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Sell your property now, or risk a big tax bill

By William Buck on 15/02/19 - Mins to read: 2 minutes

Do you live overseas and own a house in Australia? If so, you may have less than five months to act before you’re stuck with a large tax bill on the sale of that property. Proposed tax changes In May 2017, the Australian Government proposed changes to the existing capital...
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Small companies may become large as a result of additional assets recognised under the new lease standard

By William Buck on 15/02/19 - Mins to read: 2 minutes

All Australian business leases will be subject to new accounting rules from January 1 2019, which could have significant impact on an entities overall financial position. Cate Pozzi, Senior Manager Network Risk, at William Buck Chartered Accountants and Advisors, says under the new rules a small proprietary company meeting the...
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Mid-tier encourages ‘fence sitters’ to innovate

By Amy Kitson on 15/02/19 - Mins to read: 2 minutes

Commentary from Dr. Rita Choueiri, Principal of Research and Development Services and Jack Qi, Tax Director. R&D tax experts say tech companies shouldn’t be deterred by the ATO's clamp-down on software companies’ eligibility for the Research and Development Incentive. Dr. Rita Choueiri, Principal of Research and Development Incentives at William Buck, says...
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What you should know about the Victorian economy right now

By Neil Brennan on 15/02/19 - Mins to read: 2 minutes

The sold out 2018 HIA Construction Outlook Breakfast was held in Melbourne on Wednesday, with Victorian Treasurer Tim Pallas MP delivering the keynote address on the current Victorian economy.  Bill Evans, MD and Global Head of Economics and Research, Westpac and Tim Reardon, Principal Economist, HIA also gave their view...
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Building & construction – key reporting changes

By William Buck on 15/02/19 - Mins to read: 2 minutes

From 1 July 2012 entities operating in the building and construction industry will be required to adhere to new reporting requirements.  The requirements have been introduced  to address the significant levels of non-compliance by contractors within the industry, as identified by the Australian Tax Office (ATO). The changes require the...
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