Category Archive for: ‘6.2 – Updates’

On the back of our new Business Advisory practice, Isaacs & Cole is giving every one of our clients the opportunity to “give a boost” to businesses they care about this December. It may be your own business, a friend’s, a family member’s…..any business at all that’s in need of a little TLC and refreshment. Refer your business of choice …

A Treasury discussion paper released on 31 October explores how the 10% non‑final withholding tax will apply to the disposal of taxable Australian property by foreign residents, where the value of the residential property transactions are under $2.5 million. Under the measure, the payer in a transaction will have an obligation to withhold 10% of the proceeds payable in relation …

Treasury exposure draft legislation released on 10 October gives effect to the Budget measure that allows individuals to withdraw superannuation contributions made in excess of the non-concessional contributions cap, as well as the earnings on these contributions, in order to avoid excess contributions tax. Key details of the proposal include: Application to excess non-concessional contributions made in the 2013/14 financial year …

In a joint media release on 14 October 2014, the Federal Government responded to lobbying by start-up companies by proposing a number of changes to the ESS rules, including: Special concessions targeted at shares issued by eligible start-up companies – those with turnover not exceeding $50m, unlisted, and incorporated for less than 10 years; Employees of eligible start-up companies can …

For the purposes of depreciation, taxpayers have the right to ignore the ATO effective life rates contained in Tax Ruling TR 2014/4 and instead adopt their own calculation of the useful life of a business asset. Taxpayers who elect to use their own calculation of useful life must be able to support their contention that the asset undergoes heavy usage. …

“SMSF Assist” is an online tool designed to help self-managed superannuation fund (SMSF) trustees and potential trustees learn more about running an SMSF

Given the overwhelming interest in the ATO’s recent SuperStream webinars, more will be scheduled for December 2014. Visit our website for regular updates and click here to download a recording or view a transcript of recent sessions.

The last six weeks have been significant for Isaacs & Cole in terms of recruitment. First up, as we’ve mentioned, Catherine Reynolds joins us as of Head of Business Advisory. We look forward to introducing her to our business clients over the coming months to identify how she can add value to your organisation. We also welcomed Fred Monteiro to …

– Catherine Reynolds Before anything else, I’d like to acknowledge that Isaacs & Cole is no newcomer to providing outstanding guidance and support to business clients. Over the years the firm has enabled many businesses to grow and thrive through their advice and active engagement with business owners. I’ve spent the last 20 years working with businesses of all sizes, …

– Rebecca Collins Most of us have engaged in strategic planning for our business or career at one time or another, but have you applied these same principles to your personal affairs and goals? Have you really considered where you want to be in five, ten or even 20 years? And most important, are you on track to achieve your …