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Turnbull Government cracks down on phoenix directors
Company directors will be issued with unique identification numbers as part of Federal Government reforms designed deter and penalise directors who engage in illegal phoenixing activity. The reforms were announced this week by Minister for Revenue and Financial Services, Kelly O’Dwyer, who said illegal phoenixing – the stripping and transfer of assets from one company […]
BDO: ‘NSW Budget payroll tax cuts not enough’
Premier Kristina Keneally and Treasurer Eric Roozendaal have brought forward their plans to cut payroll tax under measures introduced in today’s NSW state budget.
ATO family trust changes a threat to small business
ATO changes to family trusts will see Australian businesses subject to cost and time burdens in order to comply with two landmark rulings yesterday from the ATO effective July 1 2010.
Payroll tax changes demanded in NSW Budget
Payroll tax and stamp duty changes are demanded in NSW’s Budget next Tuesday in order to return NSW business competitiveness and encourage employment, says accounting firm BDO.
Henry Review superannuation changes will hurt small business
Federal Government changes to superannuation in response to the Henry Review will increase will harm small business says accounting firm BDO and COSBOA.