Tax Time Monthly: December Edition 2017

In this December edition of Hall Chadwick’s Tax Time Monthly we look at:

  • Law to limit on deductions for travel and depreciation on residential properties
  • Employers with 20 or more employees to report salaries & wages to ATO via Single Touch Payroll from 1 July 2018
  • Legislation for purchasers to withhold and remit GST on new residential property
  • Extension to global entities on country-by-country reporting



    • How well protected is your business?

    Contributed by Ian Gibson of Hall Chadwick Wealth Advisory Pty Ltd (AFSL 495306)

    Business Insurance is often overlooked by business owners due to a lack of understanding of what is available. If you’re like many business owners you have already insured the physical assets of your business from theft, fire and damage. BUT, have you considered the importance of insuring yourself – and other key people in your business – against the possibility of:
  • Death
  • Disability and illness
    • Not being adequately insured can be a very risky oversight, as the long term absence or loss of a key person can have a dramatic impact on your business and your financial interests in it.
    Read more here: How well protected is your business.pdf


    Hall Chadwick Association Newsletter: Summer 2017

    We are pleased to welcome everyone to the Summer issue of the Hall Chadwick Association Newsletter.

    Brendan Vaughan , outgoing Chairman of the Hall Chadwick Association , writes in his foreword about finding the balance between work goals and life goals when directing an accounting practice, managing staff and the expectations of clients.


    Tax Time Monthly: November Edition 2017

    In this edition of Tax Time Monthly, Hall Chadwick looks at last month’s tax issues:

  • Qualifying criteria for the reduced corporate tax rate
  • Satisfying the ‘given’ to trustee requirement of a Binding Death Benefit Nomination
  • AFL player and coach payments for image rights are taxable wages
  • Cleaning service contracts are not employment agency contracts



    • Tax Time Monthly: October Edition 2017

    In this month’s edition of Tax Time Monthly, Hall Chadwick looks at last month’s Bills to:

  • Limit deduction claims for travel and depreciation on residential properties
  • Impose a vacancy fee for foreign owners of residential real estate
  • Implement the First Home Super Saver Scheme
  • Allow contributions for eligible homeowners over 65


    • In Focus: Preferences and PPSR/Retention of Title Claims

    This issue explores a decision of the Federal Court in 2016 Hussain v CSR Building Products Ltd in the matter of FPJ Group Pty Ltd (in Liquidation) [2016] FCA 392 (“the Reasons”) amongst other things considered the relationship between the PPSR Act and Part 5.7B Corporations Act 2001 which prescribes that certain transactions entered into between a company and third parties in the period before liquidation of that company may be voidable as against the Liquidator of that company.



    Tax Time Monthly: September Edition 2017

    This issue discusses recent guidelines and updates issued by the ATO including:
  • Guidance on the new “Similar Business Test” to claim tax losses
  • Accounting for uncertain positions: AASB Interpretation 23
  • Bills introduced to increase Medicare Levy to 2.5%
  • Super death benefit paid to bankrupt via deceased estate not protected from creditors
  • NSW payroll tax: retrospective trust disclaimers ineffective for grouping purposes