The latest data confirms weak underlying trend in retail spending, in line with the softening household consumption in the National Accounts data, writes Brendan Rynne.
KPMG Workforce Advisory Partner Hayley Lock, David O’Connor - Regional Manager - Customer Development, Maxxia, and KPMG Employment Tax Senior Consultant Sam Gathercole explore novated leases for electric vehicles, the fringe benefits tax (FBT) exemption, relevant ATO guidance for employers and what you can claim when charging the car at home.
The FIF tax regime applies to any New Zealander whose total portfolio of offshore shares (excluding certain listed Australian stocks) has a cost exceeding $50,000, as outlined by Rebecca Armour.
The draft legislation represents another milestone in regulatory efforts to promote transparency and fairness in payment practices to Australian small business suppliers, as outlined by Alia Lum, Geoff Yiu, Jenny Wong and Natalie Brand.
The ATO has outlined its expectations for supporting reduced input tax credit (RITCs) claims for acquisitions of information technology (IT) processing services, as summarised by Anthony Versace and Rebecca Lawrence.
As outlined by Scott Farrell, Matt Ervin, Shirley Lam and Ivan Chan, the draft legislation is broadly in line with expectations, however there are key areas which have changed from the initial announcement in May 2023.
Immigration Services Director Samantha Panchal discusses how active Labour Agreements might be managed in light of the proposed 'Skills in Demand' visa set to replace the Temporary Skill Shortage (subclass 482) visa.
The draft legislation represents another milestone in regulatory efforts to promote transparency and fairness in payment practices to Australian small business suppliers, as outlined by Alia Lum, Geoff Yiu, Jenny Wong and Natalie Brand.
New public disclosure requirements on tax residency for public companies is now law. We explore some frequently asked questions about the new rules and what they will mean in practice.
As outlined by Scott Farrell, Matt Ervin, Shirley Lam and Ivan Chan, the draft legislation is broadly in line with expectations, however there are key areas which have changed from the initial announcement in May 2023.
Following months of industry and business consultation, the Commercial and Industrial Property Tax Reform Bill 2024 has now been introduced by the Victorian Government, as outlined by Sarah Shaw.
In this episode, KPMG Partner Matt Ervin and Director Rebecca Lawrence discuss current income tax and GST legislation and what it might look like in the future for the emerging asset class known as build to rent (BTR).
The latest data confirms weak underlying trend in retail spending, in line with the softening household consumption in the National Accounts data, writes Brendan Rynne.
This year’s Budget will be one to watch, with cost of living, manufacturing and industry policy, and the net zero transition all under the spotlight. Join this webinar where we will be discussing what it will mean for you and your business.
While inflation in Australia is expected to continue falling towards the target band and economic growth has slowed materially, a more balanced labour market with less pressure on wages growth will be needed for the RBA to consider lowering interest rates, writes Michael Malakellis.
This decision is significant for taxpayers within the financial services industry, in particular those operating aggregator businesses within the mortgage space, as outlined by Keith Swan, Alston Kam, Joe Tranzillo, Emilia Galluccio and Natasha Farhart.
Workplace and Employment Law Partner Adrian Wong and Immigration Services Director Samantha Panchal discuss fixed term contracts when it comes to employing Temporary Skill Shortage (subclass 482) visa holders.
For many employers, the annual vesting cycle for equity incentive plans has already occurred; so why wait until year-end to get started on your FY24 Employee Share Scheme reporting obligations?
The changes in the consultation draft aim to strengthen listed entities’ governance and increase transparency for investors, as outlined by Caron Sugars, Alex McVey and Julie Locke.
This webinar, to be held on 21 March, will examine some of the recent announcements, cases and contribution strategies for SMSF owners to consider leading up to the end of the financial year.
As outlined by David Sofrà, Andy Larmour, Anthony Harmer and Charlie Mooney, this ruling relates to clients of KPMG using Geotab in Australia that calculate their Fuel Tax Credit entitlement using KPMG’s proprietary FTC Automator platform.
Hayley Lock, Andy Larmour and Stephanie Renshaw discuss the ATO’s finalised practical guidance on calculating electricity costs when a vehicle is charged at an employee’s or individual’s home.
The ATO has outlined its expectations for supporting reduced input tax credit (RITCs) claims for acquisitions of information technology (IT) processing services, as summarised by Anthony Versace and Rebecca Lawrence.
The Full Federal Court has sided with the taxpayer, Hannover Life Re of Australasia Ltd, after the Commissioner of Taxation had appealed an earlier decision regarding the entitlement to input tax credits under the GST Act.
These new questions within the RTPS confirm the ATO’s continued focus on Intangibles Migration and DEMPE activities in light of transfer pricing and anti-avoidance considerations, as outlined by Sophie Lewis and Caleb Han.
Workplace and Employment Law Partner Adrian Wong and Immigration Services Director Samantha Panchal discuss fixed term contracts when it comes to employing Temporary Skill Shortage (subclass 482) visa holders.
This webinar, to be held on Thursday 22 February, looks at how private companies, including family businesses, are building effective remuneration packages allied to their broad search for skilled talent.
The simplification of the skilled migration program will likely translate to increased post-entry compliance measures, so it is important for business to understand their responsibilities in employing foreign talent, writes KPMG Immigration Lead Mark Wright.
This webinar, held on Wednesday 24 January 2024, will provide an overview of how HR and Global Mobility teams can support the ESG agenda of an organisation.
This decision is significant for taxpayers within the financial services industry, in particular those operating aggregator businesses within the mortgage space, as outlined by Keith Swan, Alston Kam, Joe Tranzillo, Emilia Galluccio and Natasha Farhart.
This decision highlights the importance of having comprehensive, relevant commercial and economic evidence to support transfer prices of related party transactions, as outlined by Sean Madden and Kristie Schubert.
The Full Federal Court has sided with the taxpayer, Hannover Life Re of Australasia Ltd, after the Commissioner of Taxation had appealed an earlier decision regarding the entitlement to input tax credits under the GST Act.
This decision considers a technical tax issue to a ‘top hatting’ transaction where the taxpayer sought to argue the tax rules apply in a particular way in order to obtain a substantially favourable tax outcome, as outlined by Luke Imbriano, James Macky, Matt Ervin and Nathan Unitt.
KPMG Workforce Advisory Partner Hayley Lock, David O’Connor - Regional Manager - Customer Development, Maxxia, and KPMG Employment Tax Senior Consultant Sam Gathercole explore novated leases for electric vehicles, the fringe benefits tax (FBT) exemption, relevant ATO guidance for employers and what you can claim when charging the car at home.
The FIF tax regime applies to any New Zealander whose total portfolio of offshore shares (excluding certain listed Australian stocks) has a cost exceeding $50,000, as outlined by Rebecca Armour.
While the draft ruling is on software arrangements, the ATO is expected to apply some of the principles conveyed to a broader range of transactions, as detailed by Paul Sorrell, Jennifer Ta and Amanda Maguire.
In this series, Ed Hewings explores the opportunities and risks presented by artificial intelligence, and how that may change the tax functions of the future.
