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Australia
Property deals to be impacted by proposed changes to NSW transfer duty provisions

By Jonathan Doy on 14/07/21 - Mins to read: 2 minutes

Proposed changes to the NSW transfer duty provisions are expected to impact option agreements in real property acquisitions. It’s commonplace for property developers to enter into Call Options or Put and Call Options with landowners to secure rights to acquire a property for subsequent development. However, The State Revenue and...
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Small business tax planning tips: the do’s and don’ts

By William Buck on 14/07/21 - Mins to read: 2 minutes

Tax planning can be daunting – especially as a small business owner when it adds to your already exhaustive To Do list. At William Buck, we’ve found that many small business owners can become so focused on day-to-day operations of running their business that they leave their End of Financial Year (EOFY) tax planning to the...
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More funding to the ATO: Prepare for increased ATO audit activity

By Danielle Constantine on 14/07/21 - Mins to read: 2 minutes

After two years of heavy spending amid the pandemic and no tax rate increases in sight, how will the government boost revenue and balance its budget? This is an important question to consider, regardless of the party (or parties) that may be successful on election day. What we do know...
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Thousands of Director Penalty Notices issued in ATO debt collection activities

By Michael Brereton on 14/07/21 - Mins to read: 2 minutes

Following a relatively quiet period during the COVID-19 pandemic, the Australian Taxation Office (ATO) has resumed its debt collection activities. This includes issuing warnings to thousands of company directors to actively manage their business debt, or face ATO action. The ATO’s activities include disclosing debts to credit bureaus, and (where...
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