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2014 Year End Tax Planning

With the 2014 financial year drawing to an end, businesses, passive investors and individuals should carefully consider strategies to reduce their upcoming tax liabilities or maximise tax refunds as well as consider getting structures right for the start of the new financial year.

2014 Federal Budget

Last night, Treasurer Joe Hockey handed down the 2014-15 Federal Budget which he described as being one for the national interest. Due to the lead up, it was expected that significant changes would be announced.

Proposed FBT Changes to Motor Vehicles

On 16 July 2013, the Australian Government announced changes to the Fringe Benefits Tax treatment on Motor Vehicles which may affect the potential tax savings as well as the record keeping requirements imposed on businesses.

2013 Federal Budget

Treasurer Wayne Swan announced his sixth Australian Federal Budget. We have seen a number of announcements in the lead up to the budget including proposed changes to superannuation. This year, the budget has gathered particular attention in the lead up to the election in September.

Changes to Superannuation

On the 5th April 2013, the labor party has announced proposed government changes to the superannuation system. It should be noted that it is unlikely to be legislated before the federal election, meaning that it will likely become an election issue.

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