News
Personal Property Securities Act - Are You Prepared?
The Personal Property Securities Act (2009) will commence on 30 January 2012 . Personal Property is any form of property other than land, buildings or fixtures. It includes both tangibles...
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Merry Christmas from McGillivrays
As we welcome a Fresh New Year, we find ourselves reflecting on the past year and on those who have helped to shape our business in a most significant way. One of the real joys of...
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McGillivrays rides for Salvos Christmas Appeal
During the months of November and early December this year, McGillivrays Fresh Expert Accountants launched a soft toy donation drive in conjunction with the Perth Bikers Charity Ride in aid of the...
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Family Trust Laws Clarified
A Discretionary Family Trust is one of the most common business structures utilised by small businesses in Australia. Recently there has been a big win in the interpretation of Family Trust Law in...
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ATO and the Cash Economy
The Australian Taxation Office has announced a program to review the ‘cash economy’ which aims to manage risks in the cash community.
As part of this program, the ATO will send...
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Important Changes to the ATO Director Penalty Notice Regime
The Tax Laws Amendment (Transfer of Provisions) Act 2010 introduced changes to the tax laws concerning the Director Penalty Notice (DPN) regime.
A DPN is issued by the Commissioner of...
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Wayne Healy FTIA Member Profile
"Continual professional development is one of your most effective tools."
The Taxation Institute of Australia's magazine Taxation In Australia, published a Member...
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Audit Insurance Wins Again
The value of Audit Insurance cannot be underestimated. Although McGillivrays offer Audit Insurance to our clients it is an individual decision as to whether it is appropriate for them. Some...
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Small business assistance program extended
The Commissioner of Taxation announced in a recent media release that the Tax Office would extend the measures to assist small businesses which were introduced as temporary...
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When financial advice is not tax advice...
An article in the West Australian recently highlighted how consumers and clients could easily end up much worse off despite believing they are doing the right thing and seeking...
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Changes to Fuel Tax Credit Rates
Those of you in the transport industry should be aware that the fuel tax credit rate for heavy vehicles using diesel and petrol and travelling on public roads changed to 15.543...
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Henry Review in brief
There is still a lot of hysteria about the the Henry Review or more to the point the items the Government has chosen to adopt. The review made 138 recommendations but only a...
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SMSF Estate Planning
A self managed superannuation fund can be a terrific planning tool for individuals and may also allow those individuals flexibility in determining how their superannuation monies are invested....
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Why you need succession planning
Are you a baby boomer with your own business and intend to retire within the next 10 years? Then you are not alone but you could also be in a high risk situation.
The vast majority of...
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High Court hands down Bamford decision but the questions remain
The High Court has handed down it's decision in the case of Bamford vs ATO but the result is more questions exist now than ever before. The High Court agreed with the ruling of the...
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Investment Allowance-Does your finance contract make your purchase ineligible for the concession?
The Small Business and General Business Tax Break was a measure implemented by the government to help stimulate new capital investment by Australian businesses to help boost the economy through...
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