The NSW Treasurer, Dominic Perrottet, handed down the NSW Budget 2020-21 on 17 November 2020. This article outlines some of the key tax measures aimed at supporting businesses.
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Accounts / Finance Professional Posts
NSW Budget: Overview of proposed property tax
As part of the NSW Budget, the Treasurer announced a proposal to introduce a property tax regime that would provide taxpayers with a choice between paying a known amount of stamp duty at the time of purchase of a property, or an annual property tax charge.
Read moreNSW to take superannuation contribution holiday for 2 years
The NSW Government has announced that it will take a 2-year superannuation contribution holiday.
Read moreRegulation of Auditing: Senate Committee report tabled
The Parliamentary Joint Committee on Corporations and Financial Services has tabled its final report into the Regulation of Auditing in Australia.
Read moreStatutory Financial Reporting in Shared Services: Best Practices from Capgemini to Centralise, Standardise and Automate the Process
“In today’s world, zero non-compliance is the norm,” warns Vishal Parekh, Regional Head, South Asia and South-East Asia at Thomson Reuters. “No one wants to be in that bucket of…
Read moreBudget: Super trustees – new best “financial” interests duty
The Government has announced that it will legislate to compel trustees of APRA-regulated superannuation funds to act in the best “financial” interests of their members.
Read more2020-21 Federal Budget: “all about jobs” plus record deficit, big spending, backdated tax cuts and more
On Tuesday, 6 October 2020, Treasurer Josh Frydenberg handed down the 2020-21 Federal Budget, his second Budget.
Read moreBenefits of automation for statutory reporting: How are you preparing your cashflow statements?
When the next draft of financial statements is due, how quickly can you update your cashflow statements?
Read moreAre you correctly reporting your GST? Automated answers to ATO reviews
Here Peter Schotter and Simmone Cottom, product specialists at Thomson Reuters address the risks of incorrect GST reporting in a recent Indirect Tax webinar in the new series, Key Challenges: Answered.
Read moreTime to review long-held practices for directors’ fees
The changing requirements for reporting directors’ fees have intersected with COVID-19 economic stimulus measures, activity statement reporting and Services Australia increasing potential compliance risks. Several issues have arisen which demand attention.
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