This issue of Taxwise covers:
- new rules for accessing the 27.5% corporate tax rate from 1 July 2017
- when does a company carry on a business? ATO releases guidance
- small business tax concessions at a glance
- deductions for small business
- safe harbour reforms for company directors
- tax consequences of trust splitting
- government cracks down on illegal phoenixing
- streamlined reporting with Single Touch Payroll
- lump sum payments for healthcare practitioners
- superannuation guarantee “ new measures announced
- understanding the sharing economy and tax
- industry assistance payments to taxi licence holders
- FBT: Uber case: definition of taxi' “ ATO Technical Discussion Paper
- GST determination “ Simplified accounting methods (SAM)
- reduction of wine equalisation tax (WET) rebate cap
- other legislation that may impact on you or your business.