Author Archives: Ken Mansell

About Ken Mansell

As a stay at home Dad most of the week this is my way of pretending I am still the tax counsel of ASX and SEC listed companies, working at big 4 firms, working at the Federal Treasury, on the Henry Review and at Parliament House for the previous government.

Small business tax changes and franking

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

Posted in Uncategorized | Leave a comment

Small Business tax changes passed

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

Posted in Uncategorized | Leave a comment

Taxpayer Alerts for R&D

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

Posted in Uncategorized | Leave a comment

SMSF and accountants… what can they do?

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

Posted in Uncategorized | Leave a comment

Tax Breaks for Big Business

Every time I have a conversation about tax policy someone always tells me that before I make the changes I want I have to “stop all the tax breaks for big business”. So what are these “tax breaks for big … Continue reading

Posted in Uncategorized | 1 Comment

Fairfax journalist spinning a tax story again…

Why do Fairfax journalist have to exaggerate every tax story they have to push their ideology? Peter Martin is at it again today when he writes…  Revealed: how the Tax Commissioner was leant on to deliver high-end tax cuts Mr … Continue reading

Posted in Uncategorized | Leave a comment

What has happened to ATO Interpretative Decisions?

According to the Commissioner, an ATOID is a “summarised version of a decision we have made on the application of the law to a particular situation.” (See PSLA 2001/8) These have been around since 2001 and have been an amazing … Continue reading

Posted in Uncategorized | Leave a comment