Category Archives: Blog

New rules will soon apply to sales of taxable Australian real property with a market value of $2 million or more. Sellers will incur a 10% non-final withholding tax all contracts entered into on or after 1 July 2016, unless they obtain a clearance certificate or variation certificate. READ THIS FOR IN-DEPTH INFORMATION >> NEWSLETTER – […]

Taxland has prepared a basic end of year checklist for wage and salary earners. In these PDF’s we help to outline some of the methods of reducing your taxable income as well as provide a checklist of what you need in order to better prepare with your accountant. For example: To minimize your taxation liability […]

To minimize your taxation liability for the current year, some options are: Delay deriving assessable income (i.e. payment after 30 June can mean income is treated as next year’s) Bring forward paying deductible expenses or losses pay next year’s expenses (beware of the 12 Month Rule) Move income to a taxpayer with a lower marginal […]

The Governments media release issued on 13th July, informed taxpayers and businesses that there is no GST on carbon price permits and that any business jacking up their prices and falsely blaming the carbon price could be liable for fines of up to $1.1 million. The GST laws have been specifically amended to ensure that […]

On 19 July 2012, the ATO released its compliance program for 2012-13. The Commissioner of Taxation Michael D’Ascenzo, outlined that the ATO would put under the microscope tax fraud and avoidance schemes, people who fail to declare all their income, the highly wealthy, property-related tax issues, and employers who do not meet their superannuation obligations. […]