Client Update – December 2015

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Making a difference in the long run

The cover story features our recent Corporate Cup win with 125 entrants in the 2015 Bendigo Bank fun run. We’re proud to part of this fantastic event, supporting rehabilitation services at Bendigo Health this year.

Laptop and tablets2016 Small Business Support

We are also preparing for a series of small business workshops in 2016 and we would appreciate your input via this quick survey.

 

Also in this issue:

  • Unbundling phone and internet expense claims for work purposes
  • Australian Tax Office ‘certainty’ letters
  • SMSF borrowing ban recommendation
  • Proposed fringe benefit tax (FBT) changes  – Car expenses and FBT concessions on entertainment
  • Unsolicited ATO phone calls  – look out for friends, neighbours and those more vulnerable in the community
  • Giving Cash for Christmas – Tax implications on the gift of cash from Venture Financial Advisers

We hope you find this issue informative, should you wish to investigate any of these matters, we encourage you to contact our office.

Company Director reforms

The announcement this week about reforms to Australia’s insolvency laws is a major win for the economy and directors; the proposals announced are a positive first step in achieving a much needed overhaul of Australia’s outdated director liability framework. Read more

AFS Tax update

Tax Update – December 2015

CGT roll-over for small business restructures

The Government has released draft legislation that proposes to provide roll-over relief for small businesses that change their legal structure. Read more