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Statement of tax record – Requirements for Commonwealth Government tender
From 01 July 2019, businesses tendering for Commonwealth Government procurements that have an estimated total value of over $4 million (including GST) must obtain a statement of tax record (STR) showing satisfactory engagement with the tax system.
End of year function risk management
A workplace end of year function is a great way to unwind, relax and celebrate the achievements of another year. However, it is important for employers to remember that the end of year function is still part of work and therefore the same occupational health and safety (OH&S) rules apply, even if you are holding your function at an external venue away from your usual workplace.
Director ID deadline is approaching
The Government has launched an awareness campaign to help company directors get their director identification number ('director ID') as the 30 November deadline approaches.
Importance of management information when financing growth or selling your business
When you are selling your business, one important area which is often underestimated is undoubtedly the financial due diligence (FDD) exercise. FDD involves the prospective buyer analysing the financial data of the company for the last say 3-5 years and its future forecasts.
2022-23 Labor Federal budget highlights
The property tax choice for NSW first home buyers
On 12 October 2022, the NSW Treasurer introduced into Parliament the much-anticipated Property Tax (First Home Buyer Choice) Bill 2022 (the Property Tax Bill). Under the new tax regime, first home buyers will be entitled to choose to pay an annual Property Tax rather than the current upfront transfer duty liability.
Mazars announced finalists in three categories in the Women in Finance Awards
Mazars is delighted to be named finalists in three categories in the Women in Finance Awards including Employer of the Year, Training and Development Program of the Year and Wellness Program / Initiative of the Year.
New ATO draft ruling on individual tax residency
The Australian Federal Budget announcements of a proposed change to Individual and Corporate tax residency, having not been enacted, have now lapsed with a change of Government. This has left taxpayers eagerly awaiting the new Labor Federal Government Budget in late October 2022 to determine whether these prior announcements will be adopted.
Roadmaps to customer excellence through e-commerce innovation
Most leaders are acutely aware that e-commerce plays an essential role in businesses today.
Consultation to increase review period for certain small and medium entities
On 16 August 2022, the Australian government released information on proposed legislative amendments to extend the review period for certain small and medium entities to a standard of four years where the entity has complex affairs or significant international tax dealings.