Omegapartners - omegapartners.com.au - Omega Partners
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Latest News:
Company Tax Rate Cuts 30 Apr 2012 | 02:45 pm
Draft legislation was released on 14 March 2012 detailing the reduction in the corporate tax rate for all companies from 30% to 29% for the 2013-14 income year and subsequent income years. The draft l...
Outsourced Australian Accounting Services 29 Mar 2012 | 03:08 pm
The Accounting Professional and Ethical Standards Board (APESB) has issued an exposure draft of a proposed guidance note APES GN 30 Outsourced Services. http://www.apesb.org.au/uploads/media-releases/...
Small Business CGT Concessions and Assets Test 29 Oct 2011 | 10:27 am
If your client is a small business entity and their turnover is less than $2m then you do not need to consider the maximum net asset value test. However if they do not meet the definition of a small ...
Capital Allowances and Impact on Capital Gains Tax 26 Oct 2011 | 10:00 am
Many people ask how capital allowances impact on the calculation of the capital gain when disposing of a property. Capital allowances are covered by Division 43 of the Tax Act. Effectively this allo...
Managing Your Clients Transfer Pricing Actions and Risk in Australia 26 Oct 2011 | 09:09 am
Omega Partners offers a range of transfer pricing services that can be delivered separately or in combination to achieve the most appropriate solution for your organisation. Risk Assessment A transf...
What is the Market Value for CGT Small Business Concessions ? 10 Oct 2011 | 09:16 pm
Syttadel Holdings Pty Ltd sold a CGT asset, the Spinnaker Sound marina at Sandstone Point, in August 2006 for $8.9 million. Syttadel had acquired the asset, comprising land, buildings, marina berths,...
Offshore Structuring and Chinese Investors 21 Aug 2011 | 12:08 pm
It is very common for People’s Republic of China (PRC) Investors to want to invest through either a Cayman Islands structure or British Virgin Islands (BVI) structure. It is very important for those ...
Medicare Levy and Expats 11 Aug 2011 | 09:35 am
Australia has what is called a Medicare Levy. It currently applies to the taxable income of an individual who is an Australian resident for tax purposes. Ordinarily this would mean that an expat on ...
Property Inheritance and Taxes 2 Jul 2011 | 07:25 pm
The passing away of someone you love is a tragic event but not taking into account the tax considerations on sale of any property you receive from an inheritance as part of that estate can cause furth...
Home Office Expenses 1 Jul 2011 | 09:43 pm
A lot of people incorrectly assume that because they frequently work from home that they are therefore entitled to a deduction of a portion of their interest, rent, electricity, etc. The ATO has prov...
