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Category Archives: Tax
Tax treatment of losses
The Treasurer, Wayne Swan, has released the Business Tax Working Group’s interim report on the tax treatment of losses. The report sets out four reform elements: replacing the integrity rules restricting access to losses allowing immediate loss refundability allowing losses … Continue reading
Posted in Business, Law, Tax
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Economic Outlook prompts major super changes
In releasing the 2011-12 Mid-Year Economic and Fiscal Outlook (MYEFO) on 29 November 2011, the Treasurer said that GDP growth would not grow as strongly as forecast and that forecast tax receipts had been written down by more than $20bn … Continue reading
Posted in Superannuation, Tax
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Director penalty noitces – changes delayed
We have an update to our previous reports that the government is looking to extend the current Director Penalty Notice regime from unpaid PAYG to include unpaid superannuation. Yesterday, directors were given a temporary reprieve from the potential of personal … Continue reading
