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STOP PRESS: Deadline for SA Land Tax Trust nominations extended
Only a week ago, we discussed the looming 30th June deadline for trusts to nominate a beneficiary for SA Land Tax purposes. Demonstrating that a week is a lifetime in tax, that deadline has now been extended to 31st December 2021 with the passage of the Land Tax (Discretionary Trusts) Amendment Bill 2021.
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Changes coming this new financial year
We're counting down the days now to the end of another financial year, and as always, that means changes are just around the corner...from a tax point of view at least. There are few more significant ones this year for those in business, which we thought were worth highlighting.
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2021-22 Federal Budget
The Federal Treasurer Josh Frydenberg has handed down the 2021-22 Federal Budget - a mere seven months after last year's announcement, which was postponed from May to October due to the coronavirus pandemic. This year there's a big focus on employment, infrastructure and spending initiatives in things like essential services and disability support.
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