Author Archives: Ken Mansell

Mr Koutsantonis (SA Treasurer) and Mr Weatherill (SA Premier) are not backwards in making this claim… “Reports show that financial services are significantly undertaxed by more than $4 billion per annum because their GST treatment differs from other industries,” he … Continue reading →

On Budget night the Government announced the following, at least the parts in the quotations that follow. This is easily the biggest business risk to the tax depreciation industry ever. While no real clarity as to what changes the Government … Continue reading →

As promised to all those attending the Centrepoint master class tomorrow, below are the slides and technical paper. Small Business Restructures and Super Paper Small Business Restructures and Super Presentation

The changes to the company tax rates for small and medium businesses also means a change in franking… and the rules are… The maximum franking credit that can be allocated to a frankable distribution paid by a corporate tax entity … Continue reading →

Just the headlines please Ken… The company tax rate for corporate entities with turnover less than $10 million in the 2016/17 year will be 27.5%. The company tax rate for corporate entities with turnover less than $25 million in the … Continue reading →

The Commissioner has just released two taxpayer alerts that relate to the R&D Tax Incentive… TA 2017/2 Claiming the Research and Development Tax Incentive for construction activities TA 2017/3 Claiming the Research and Development Tax Incentive for ordinary business activities … Continue reading →

The easy answer is… lots. ASIC have a great information sheet on this, but in summary and accountant without any AFSL can… You may provide advice on establishing, operating, structuring and valuing an SMSF, as long as you give your … Continue reading →