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Mazars 2022 TaxVent calendar
With the festive upon us Mazars Tax Specialists have compiled a TaxVent calendar with 12 Tax Tips to keep in mind this festive season.
Private use of assets held in business
Thinking about using your business / investment entity’s assets for your own benefit? Assets that are held by separate entities but that are being used for your own benefit or enjoyment can potentially attract unwanted tax outcomes.
Director responsibilities and Director Penalty Notices
With the recent shift by the ATO to firmer debt collection actions, we are seeing Director Penalty Notices being issued at a greater rate than seen previously and feel it is important to remind directors of their responsibilities.
NSW property tax and land tax – year end planning
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.