Last year, the government introduced new withholding rules for certain property sales. The purpose of the withholding regime is to assist in the collection of capital gains tax (CGT) liabilities of non-residents when they dispose of Australian assets. The May 2017 Federal Budget announced changes extending the FRCGW regime, effective 1 July 2017. The FRCGWread more

While there are plenty of possibilities for businesses to minimise tax, what can everyone else do to save tax? We recommend that you meet one on one with your MP+ accountant and discuss the opportunities available to your specific circumstances. By legally minimising your tax, the money saved could assist in reducing your home loan,read more

As major drivers of Australia’s economic growth and employers of more than 5 million individuals, small businesses are now set to benefit from measures first announced in the May 2016 Federal Budget. Just recently, parliament finally reached an agreement to reduce the corporate tax rate to 27.5% for companies carrying on a business and with anread more

It’s always difficult for Governments and regulators to keep pace with changing business models, funding approaches, and technology. But, recent reforms and a series of new initiatives seek to free up entrepreneurs from excessive regulation, inflexible tax regimes, and unintended outcomes. Unfortunately, few entrepreneurs are aware of what is available to them and risk limitingread more