Category: Policy Announcements

2019 Federal Budget Measures Legislated

Following our post last week, we note that the following measures that were announced in the budget have been legislated: Changes to Instant Asset Write-Off Provisions The announced changes to the instant asset write-off were legislated with the Treasury Laws Amendment (Increasing and Extending the Instant Asset Write-Off) Bill receiving Royal Assent on 6 April. […]

2019 Federal Budget

Last night Treasurer Josh Frydenberg delivered the first budget of the Morrison Government. As expected, it was compete with good news and promises for voters in the hope that the Government can get a large enough bump in the polls to be reelected in May. Given this political backdrop, and the polling to date (as […]

GST on Google AdWords

This morning Google announced that they were changing some of their advertising terms and conditions. The most important part of the announcement is that goods and services tax (GST) will be charged on Google AdWords spends from 1 November 2016. As a technicality, Google are assigning Australian based advertising contracts to Google Australia Pty Ltd, […]

2016 Budget Update for Small Business

Last night the Treasurer delivered his first budget, which lays the way for a Federal Election on 2 July. This year we have split our Federal Budget update into two parts. This second part contains announcements relevant to businesses and business owners. You can read part one with announcements relevant to individuals and families here. […]

2016 Budget Update for Individuals and Families

Last night the Treasurer delivered his first budget, which lays the way for a Federal Election on 2 July. This year we have split our Federal Budget update into two parts, part one below for individuals and families and part two for businesses. To read more about the announcements for business you can read part […]

ATO Updates View (Changes Mind) on Everett Assignments

As part of the ATO’s focus on the taxation of professional firms, started with the release of TA2013/3, the ATO has updated their view on the tax effectiveness of Everett assignments. The term ‘Everett assignment’ is used to describe an agreement where a partner in a partnership assigns their entitlement to some or all of […]

2015 Federal Budget

Last night Joe Hockey delivered the Abbott Government’s second budget. As there is no shortage of commentary on the politics of the budget, we have focused on taxation and related changes within the budget and their impact of this budget on small businesses, individuals and families. There are other announcements, including some that will impact […]