The ATO has released TR 2022/3 which finalises its views on personal services income and personal services businesses.
Personal services income: changes in application
Category: Update
Australian multinationals – important tax update
Our update for Australian multinationals addresses thin capitalisation, withholding tax arrangements and the lodgement of SGE status. Additionally, we address Pillar Two readiness under the OECD’s Global Anti-Base Erosion Rules.
Australian M&A activity Q4 FY2023
Based on the published transaction data for Q4 FY2022, there were 223 deals completed compared to 328 in Q4 FY2021, being a decrease of 32%.
ATO warns taxpayers of property development profit diversion to super funds
The ATO has recently highlighted concerns about schemes that are perceived to lack commerciality and funnel profits to SMSFs.
Update on HLB in 2023
Australasian Association Chair, Tony Fittler, shares several updates from the HLB Mann Judd Australasian Association and HLB global community.
Victorian Budget 2023-24 tax highlights
The Victorian State Budget was delivered on 23 May 2023. Here is our summary of the key tax highlights.
Australian M&A activity Q3 FY2023
Based on the published transaction data for Q3 FY2023, there were 199 deals completed compared to 297 in Q2 FY2022, being a decrease of 33%.
Federal Budget 2023-24
Review our succinct summary of the announcements related to personal and business taxation, tax compliance and superannuation.
Extra tax on super balances over $3m
The Federal Government is seeking to introduce changes to tax concessions in superannuation. A summary of key points for the new proposed tax on $3m super balances.
Australian M&A activity Q2 FY2023
Based on the published transaction data for Q2 FY2023, there were 270 deals completed compared to 452 in Q2 FY2022, being a decrease of 40%.