Your business - No limits. BMK Partners work with you to achieve financial freedom, using the latest online and offline tools. If you’d like to have a chat and book your free 30 minute consultation, then get in touch today.
RESULTS IN YOUR BUSINESS, FINANCIAL & TAXATION AFFAIRS
New rules that apply from 1 July 2016 mean that small businesses can restructure their business operations without triggering adverse tax implications. Before the introduction of the new restructuring rules, if a business restructured from say, a partnership to a trust, there was a possibility that the change in structure could trigger capital gains tax (CGT). That is, the tax law would treat the restructure the same way as a sale and the owners could be liable for CGT on the
With the Federal Budget on 3 May and an election later this year, tax and tax reform are on the national agenda.... again. The upcoming Budget is likely to contain some of the anticipated structural reforms expected but shy away from the populist policy decisions touted in the media such as the removal of negative gearing. Much of the tax and tax reform debate in Australia is focussed on the position of various interest groups and how the national revenue ‘pie’ should be carv