Tax Time | April Edition 2018
R&D Registration Deadline – 30 April 2018
If your company is intending to claim the R&D Tax Incentive for the 2016-2017 income year and it ends on 30 June 2017, your R&D Tax Incentive registration application must be lodged by midnight local time on 30 April 2018.
Common Sense Prevails with Release of Labour Hire Regulations
Our latest update regarding the introduction of labour hire regulations. With the release of the regulations on Monday the 19th of April, small and family businesses have received welcome relief from situations where the draft regulations may have previously had a significant impact. Crucially, the regulations provide further clarification on what constitutes a labour hire business for the purposes of the Act, as well as providing some exemptions for “prescribed employees”.
Deadline Looming for Single Touch Payroll Employers
Single Touch Payroll (STP) is the ATO’s latest initiative aimed at streamlining payroll reporting for employers and tracking payments to employees. This months newsletter article will cover the implications of STP for employers and key dates to be aware of.
Tax Time | March Edition 2018
This issue covers CGT small business concessions, amendments to consolidation regimes, new residential premises and ATO admin of early release of super benefits.
Family Business Caught in Labour Hire Cross-Fire
In the March Issue of the HCQ Newsletter, we explore the introduction of a new licensing scheme. From 16 April 2018 the Queensland Government will establish a mandatory labour hire licensing scheme administered under the Labour Hire Licensing Act 2017 (the ACT). Labour hire providers with have 60 days from this date to lodge a licence application to ensure compliance. For more information click ‘Download Document.’
Tax Time | February Edition 2018
In this month’s edition of tax time monthly, we cover tax implications on trust vesting, employee share schemes, the extension of lodgement of SMSF income tax returns and more.