A consistent theme this tax time is overclaiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers can expect greater scrutiny where their claims are more than what is expected. We take a look at the key issues for you, your business and your […]
Tax Time: What You Need To Know Read More »
15 May Lodge 2018 tax returns for all entities that did not have to lodge earlier (including all remaining consolidated groups), and are not eligible for the 5 June 2019 concession. Due date for companies and super funds to pay if required. Note: Individuals and trusts in this category pay as advised on their notice of assessment.
May 2019 Tax Due Dates Read More »
The increase and extension of the instant asset write- off is now law – we explore the timing and the anomaly that benefits medium sized businesses. Plus, the ATO announces a doubling of rental property audits and outlines FBT problem areas. If you have any questions about any of the information contained in this article please
May 2019 – Essential Tax Summary Read More »
Tax on investment property In general, taxpayers are able to deduct from their assessible income any expenses they incur generating or producing that income. An investment is negatively geared when the cost of owning the asset is more than the return. Negative gearing is not limited to property but can apply to other assets such
A Labor Government on Tax & Super Read More »
The ATO’s new powerful data matching technology has, to date, been more focussed on financial transactions via financial institutions. That technology is now turning its attention to Australian’s trading in cryptocurrency and investors should expect a letter from the ATO regarding their investments. The ATO has announced that it will begin collecting data from Australian
Cryptocurrency and the ATO Read More »
个人 低收入个人税收抵免额度（LITO）将会增加 生效日期：2022年7月1日 从2022年7月1日起，政府将把低收入人群的税收抵免额度从之前的$645澳元增加至$700澳元。当个人的税前收入在$37,500至 $45,000澳元之间时，低收入税收抵免额度将以每澳元 $0.05的税率（5%）递减，而不是按照之前的法定计划，在税前收入达到$37,000至$41,000澳元范围时每澳元递减 $0.065 (6.5%) 。当税前收入达到$45,000至$66,667澳币时，低收入税收抵免额度将再以每澳元 $0.15的利率递减 。 企业 企业的即时资产注销额度将增加至 $30,000澳元，并扩大至营业额 $50,000,000澳元以下的企业 生效日期：2019年4月2日下午7时30分（澳大利亚东部标准时间AEDT）至2020年6月30日 企业小额固定资产即使抵扣的额度将由通常的$20,000澳元增加至$30,000澳元，时间从预算案公布之夜开始到2020年6月30日。 然后，有可能在2020年7月1日恢复到原来的$1,000澳元水平。我们说“有可能”，是因为自2015年5月12日以来，这个额度就一直在$20,000澳币或以上。 政府此前曾宣布将小额固定资产即使抵扣的额度从2019年1月29日起提高至$25,000澳元，但这一措施在公布预算案之前尚未立法。然而，政府打算落实已宣布的增幅。 此外，能够获得即时资产注销优惠的企业数量将会增加。目前，只有总营业额低于1千万澳元的企业才有资格获得即时资产注销优惠。从预算案公布之夜开始，总营业额在 5千万澳元以下的企业也将能够获得即时资产注销优惠。 从预算案公布之夜到2020年6月30日开始使用或者已经安装好准备使用的资产，才符合享有这个更高额度的资产注销优惠资格。此前购买的任何资产都不符合这个更高额度的资产注销，但仍可享有此前的 $20,000 澳元或 $25,000澳元的资产注销额。同样，任何已购买但在2020年6月30日前未安装好准备使用的资产也不符合条件。即时资产注销只适用于某些可折旧的资产。有一些资产，比如园艺植物，基本建设工程（建筑施工费用等），以折旧资产租赁方式租赁给另一方的资产等，均不符合条件。 逾期不申报将会被取消ABN 生效日期：2021年7月1日和2022年7月1日 目前，无论ABN持有人是否尽了申报所得税或者更新ABN信息的义务，他们都能保留ABN。 但是从2021年7月1日起，如果澳大利亚企业号（Australian Business Number – ABN）持有人未能递交所得税申报表，他们的ABN将被取消 。此外，从2022年7月1日起，ABN持有人每年都必须确认他们在澳大利亚企业登记处（Australian Business Register）上信息的准确性。
2019-2020财年联邦大选预算案 – 节选摘要 Read More »
From Government Productivity Commission review of remote area concessions The government has requested the Productivity Commission undertake a review of the ongoing operation of a number of remote area concessions, including the zone tax offset, FBT remote area concessions and the remote area allowance. This has been partly prompted by concerns that the way in
April 2019 – Essential Tax Summary Read More »
21 April Lodge and pay quarter 3, 2018–19 PAYG instalment activity statement for head companies of consolidated groups. Lodge and pay March 2019 monthly business activity statement. 28 April Lodge and pay quarter 3, 2018–19 activity statement if lodging by paper. Pay quarter 3, 2018–19 instalment notice (form R, S or T). Lodge the notice only if you are varying the
April 2019 Tax Due Dates Read More »
The Ballot Box Budget This is a Budget not only designed to showcase the return to surplus (and by default the Government’s economic credentials) but engage voters with initiatives to make them feel like they are more prosperous. A massive infrastructure spend adds to this sentiment. The Government has also stated that it will keep
你有海外收入吗？最近的一个案例表明，你对于海外收入要付的税款可能比预期的更多。 如果你是澳大利亚居民并且有海外收入，比如投资收入，资产买卖，国外信托的收益等，通常在澳洲报税时，你需要申报你在境外的收入。如果你在澳洲以外的国家已经为这部分收入支付过税款，你可以申请海外收入所得税抵免 (FITO – foreign income tax offset) 以减少你在澳洲的纳税义务。 这听起来很简单，但是最近的一个案例突显出了一个问题，你实际需要支付的税款可能比你想象的更多。 在此案中，纳税人虽然是澳洲居民，但是因为在美国的出售不动产获得了收益，因此向美国政府支付了相应的资本增值税。同时，因为该纳税人持有海外资产已超过一年，所以所取得的大部分收益都是以15%的优惠税率纳税的, 而其他的收入在美国按照正常税率缴纳了35%的税。 资本增值同样也需要在澳洲进行纳税，并且可以享有减免50%的资本增值税（CGT）的优惠。 因为纳税人是澳洲居民并且已经在美国进行过纳税，所以纳税人申请了海外收入所得税抵免(FITO)。然而，澳洲税务局重新进行了评定，最终只允许抵扣他们在美国缴纳税款总额的50%。 纳税人面临的问题是，虽然美国和澳洲都有长期资产收益的税收优惠，但是它们的运作却截然不同。美国对整体收益采用较低的税率，而澳大利亚将的优惠政策为减免正常应收税额的一半（50%）。不幸的是，对于纳税人来说，联邦法院认为（专员的做法是正确的），如果纳税人在海外所缴付税额的资产收益没有在澳洲申报，那么是不能申请海外收入所得税抵免的。所以，此案中的一部分的资本利得税不能完全被抵消，因为这部分资产收益并没有在澳洲申报。 对于在海外获得资产收益时所上交的税额，纳税人通常认为可在澳洲得到税务抵消。不幸的是，情况并非如此。 通常如果在澳洲有交税记录的话，只有部分税款可抵消。
Administration Officer
With her kind, caring and approachable nature, Reshika never fails to provide a positive, welcoming experience for our clients, assisting them as they walk in our door or call our office. She understands the power of customer service and is always willing to lend a hand.
With her fun and relaxed personality, Reshika is incredibly creative, especially when it comes to finding solutions for evolving challenges, from financial matters to marketing requirements and beyond. Holding a Masters of Business Administration with a major in Marketing and significant experience in the banking industry, Reshika has a unique combination of skills which makes her a real asset to Fortis.
Reshika is motivated to reach new heights, take risks and develop her career by working alongside Bernadette, our Client Administration Manager, and having the opportunity to learn new things such as new platforms and procedures.
Reshika is passionate about fitness and does not miss an opportunity to take advantage of the gym. Despite Reshika’s relaxed personality it all goes out the door when card or board games are involved!
