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Lowe Lippmann - Media Releases
As a premier second-tier firm we are able to attract highly skilled and dedicated personnel. We value our people and look to provide them with great career paths. Similarly, we are excited with each development within our practice that helps to provide our clients with the best that modern accountancy has to offer.
2010/11 Commonwealth Budget Summary
Tax Alert: Div 7a Distributions from Trusts to Related Companies - January 2010
2009/10 Commonwealth Budget Summary
Tax Alert - February
Superannuation Funds & Borrowings - March Seminar Notes
Data matching by Tax Office (Article)
ATO Reviews Service Entity Arrangements
Victorian Land Tax - New Arrangements for Taxation of Trusts
What you should know before buying a franchise or existing business?
Data Matching by Taxman
If you haven’t heard about the tax office’s very successful tactical weapon of data matching,
you must have been conducting business from under a rock. It is an extensive
and ever-expanding winning manoeuvre that isn’t going to go away.
See attached article for more details
ATO Reviews Service Entity Arrangements
The Australian Taxation Office (ATO) has long accepted that legitimate service arrangements can exist between professional firms and associated service entities and has treated the fees paid to the service entity as tax-deductible expenditure.
There is a concern by the ATO that some service arrangements have more to do with transferring profit from the business entity into the hands of family members than with commercial considerations.
This has resulted in the ATO issuing a tax ruling concerning the deductibility of service fees paid to associated service entities. This ruling has been issued after extensive discussion with industry and other professionals, and is now in final form.
See attached infomation sheet for more details
Victorian Land Tax:
New Arrangements for Taxation of Trusts
The Victorian Government is to apply a new land tax regime to all trusts holding land in Victoria from 1 January 2006. The new tax rates will impose a surcharge of 0.375% of the land value in addition to the standard land tax rates.
See attached infomation sheet for more details
What you should know before buying a franchise or existing business?
A recent court case has highlighted why it is important to undertake a due diligence review, and obtain expert professional advice when purchasing a franchise or an existing business.
See attached due diligence report for further details.
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