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North Advisory Accountancy Blog

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Capital Gains Tax Relief – Start Planning Now

Posted April 11, 2017 by North Advisory

The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst the changes was legislation which provides CGT relief for…

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Assistance for unincorporated small business

Posted April 11, 2017 by North Advisory

The following changes affecting small businesses have been recently passed by the federal government in principle and is currently waiting royal assent: • The company…

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Changes to Transfer Pricing Documentation Requirements

Posted March 29, 2017 by North Advisory

Documentation requirements Timing Businesses are now required to have the transfer-pricing documentation prepared before the time the entity lodges its income tax return for the…

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Healthcare practitioners and lump sum receipts

Posted March 28, 2017 by North Advisory

Recently, the ATO have released a document which provides clarity on upfront incentive payments made by healthcare centre operators to entice practitioners to operate in…

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FBT on private use of utility vehicles

Posted March 28, 2017 by North Advisory

A motor vehicle designed to carry a load of more than one tonne may still be a reportable fringe benefit for an employee. The ATO…

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Uber drivers must register for GST

Posted March 21, 2017 by North Advisory

In ‘Uber BV v FC of T‘, the Federal Court has held that persons who are Uber drivers are required to be registered for GST…

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Transition to retirement pensions – Back to their true purpose

Posted March 21, 2017 by North Advisory

The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst the changes was legislation which will remove tax concessions…

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The $1.6 million transfer balance cap – What does it mean for you?

Posted March 17, 2017 by North Advisory

The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst those changes was the introduction of a $1.6 million…

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ATO targeting business operating as cash only

Posted March 10, 2017 by North Advisory

Businesses operating in the cash economy will be under increased scrutiny in the coming months. The ATO is looking to continue their fight against the…

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Merry Christmas from North Advisory

Posted December 23, 2016 by North Advisory

From all of us at North Advisory, we wish you and your family a Merry Christmas and a Happy New Year. Please be advised that…

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