MC Tax Advisors

April 2, 2019

Published by MC Tax Advisors at April 2, 2019

Categories

Tax Bulletin

FEDERAL BUDGET 2019/20 – SNAPSHOT FOR INDIVIDUALS AND SMES

The Government has handed down its Federal Budget 2019/20 and its relatively quiet on the tax front. The most significant announcement for the SME market is the deferral of the start date for the Division 7A changes to 1 July 2020. In addition, there will be further personal tax cuts, and a number of superannuation measures have been announced. With […]

March 31, 2019

Published by MC Tax Advisors at March 31, 2019

Categories

Tax Bulletin

Tax Bulletin – March 2019

March 2019 has seen the ATO set its focus on residential rental properties and the rental deductions being claimed. There has also been a number of case law developments, including the Paule decision (regarding multiple CGT rollovers), and the High Court granting the ATO special leave to appeal the Sharpcan decision (regarding deductibility of gaming machine entitlements). Our March Tax Bulletin covers these and […]

February 28, 2019

Published by MC Tax Advisors at February 28, 2019

Categories

Tax Bulletin

Tax Bulletin – February 2019

In February 2019, we have finally seen some longstanding legislation passed, including the Similar Business Test for company tax losses. There also continues to be a number of interesting cases, including wins for the taxpayer on the small business CGT concessions and also on Australian tax residency. CASE LAW UPDATE NKCX Case—Carrying on an enterprise In NKCX v CofT (2019) […]

January 30, 2019

Published by MC Tax Advisors at January 30, 2019

Categories

Tax Bulletin

Tax Bulletin – January 2019

The ATO has rewritten its guidance for claiming home office and electronic expenses, and the Government has announced an increase to, extension of, the small business instant asset write-off. There have also been a number of interesting cases already this year. Our January Tax Bulletin discusses these and other tax updates. LEGISLATIVE UPDATE Small Business Instant Asset Write-Off — Extension […]