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Taxpayer Alert

Business Assets, Capital Gain, Capital Gains, CGT, Early Stage Investors, ESIC, Incentives, Income, Investment, Offset for Investment, Offsets, Property Sales, Shares, Small Business Rollover Relief, Stamp Duty, Tax, Tax Law, Tax Offset, Tax Rules, Taxation, Taxpayer Alert, Turnover Test, Whitehawk Advisors

Taxation – Significant Changes from 1 July 2016

As the new financial year is upon us I thought that I would share some of the BIG changes, that have been recently legislated* that come into effect from 1 July 2016...
01 Jul 16
By : Whitehawk Advisors
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Capital Gain, CGT, ESIC, Income, Investment, Shares, Tax, Tax Law, Tax Offset, Taxation, Taxpayer Alert, Whitehawk Advisors

Tax Incentives for Early Stage Investors

The Tax Laws Amendment (Tax Incentives for Innovation) Bill 2016 was passed by both houses of Parliament and received Royal Assent on 5 May 2016. This bill is designed to promote investment in qualifying start-ups by providing the following tax concessions for investors: 20%...
08 Jun 16
By : Whitehawk Advisors
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ARPI, Capital Gains, CGT, Earnouts, Indirect Australian real property interests, pre-CGT, Purchases, Sales, Super, Superannuation, TARP, Tax Law, Taxable Australian Real Property, Taxation, Taxpayer Alert, Whitehawk Advisors

Buyers to Withhold tax when buying certain “Taxable Australian Property”

The Tax and Superannuation Laws Amendment (2015 Measures No 6) Bill 2015 recently received Royal Assent, becoming Act No 10 of 2016. The amendments contained in the Bill impose a 10% withholding obligation on the purchasers of the following assets acquired from certain foreign...
31 Mar 16
By : Whitehawk Advisors
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Capital Gains, CGT, Earnouts, pre-CGT, Purchases, Sales, Super, Superannuation, Tax Law, Taxation, Taxpayer Alert, TR 2007/D10, Whitehawk Advisors

Taxation of Earnouts – Legislation receives Royal Assent

The Tax and Superannuation Laws Amendment (2015 Measures No 6) Bill 2015 received Royal Assent on 29 February 2016, becoming Act No 10 of 2016. The Bill, amongst other measures, amends the ITAA 1997 to change the CGT treatment of the sale and purchase of businesses involving...
17 Mar 16
By : Whitehawk Advisors
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ATO, Australian Taxation Office, Disclose offshore income today, Disclosure, Formal announcement, Offshore income, Overseas assets, Private individuals, Project DO IT, Tax, Tax havens, Taxation, Taxpayer Alert, Whitehawk Advisors

ATO urges Australians with undisclosed offshore income to come clean

On 27 March 2014 the ATO formally announced its voluntary disclosure initiative, ‘Project DO IT: disclose offshore income today’. The content of the Media Release is as follows: Note that under Project DO IT, people disclosing their offshore assets will generally only...
04 Apr 14
By : Whitehawk Advisors
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ATO, Australian Taxation Office, Business Owners, Disclosure, Discretionary trusts, Partners, Professional practices, TA 2013/3, Tax, Tax benefits, Taxation, Taxpayer Alert, Taxpayers, Trustees, Trusts, Whitehawk Advisors

Professional Services Alert – ATO raises concerns about partnerships of discretionary trusts

Taxpayer Alert TA 2013/3 Purported alienation of income through discretionary trust partners. Overview The Tax Office recently issued Taxpayer Alert TA 2013/3 warning about the use of arrangements where an individual purports to make the trustee of a discretionary trust a partner...
18 Dec 13
By : Whitehawk Advisors
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ECPI, FBT, Government changes, Input Tax Credits, Leasing, Moratorium, Motor vehicles, Pensions, Salary, SMSFD 2013/2, Super, Superannuation, Tax, Taxation, Taxpayer Alert, TR 2011/D3, TR 2013/5, Whitehawk Advisors

Tax Changes and pre election Promises

We live in a world of constant change. Our Tax updates are designed to provide you with a summary of key tax and superannuation issues when they arise. Our aim is to give you Clarity and Certainty in a complex world. Today’s update provides clarity around proposed changes to FBT...
06 Aug 13
By : Whitehawk Advisors
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  • About
    • Our Values
    • Why Whitehawk?
  • Services
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    • Business Owners
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WHITEHAWK TESTIMONIALS

On our reputation as a trusted, private and professional financial advisory and accounting practice.

The businesses certainly needed a fresh set of eyes, and someone that was strategic enough to help redirect the team on the path for growth. Being able to effectively advise on remuneration and equity issues also meant that we had someone who knew our business that could provide a complete solution. Read more...
- Pierre Langenhoven, Director, CTM Flooring & Italtile (Australia)
When we met Bill our business was in the early stages of its evolution. Bill made sure that the group was properly structured in preparation for our rapid growth in Australia and globally and that myself and my fellow shareholder were also properly structured to achieve our long term financial goals. Read more...
- Charles Green, Group CEO, RFi Group
Whitehawk Advisors has been instrumental in supporting the growth of our business. He has supported the business by providing ongoing strategic financial and taxation advice and project managing other professional service providers in complex transactions. Appropriately restructure our shareholding and other investments, in providing estate Planning advice, and being a sounding board. Read more...
- Ken Aitken, CEO, IFS Group of Companies
I have referred a number of my clients and several colleagues to Bill Shew at Whitehawk Advisors for tax advice. The advice requested included corporate structuring to maximise equity investment and growth, corporate tax matters, employee share option schemes and personal tax issues. Read more...
- Ben Cardillo, Director – Corporate Finance, Origin Securities
Under his and Whitehawk Advisors guidance we have restructured the businesses and its internal operations to help us achieve that growth. From the beginning he worked with us to understand our goals and is now a critical part of the implementation. So much so that he now sits on our Board in an advisory capacity. Read more...
- Chris Russell, Director, EMPR Group Holdings Pty Limited
Bill provided the tax advice that addressed the need of the owners and allowed my team to restructure the corporate group in preparation for equity investment and growth. Bill’s commercial experience was invaluable in contributing to the round table discussions with the businesses owners, corporate advisors and lawyers on matters of equity, remuneration, and third party dispute. Read more...
- Martin Ward, Chief Executive, Grandmarke Pty Limited
Whitehawk Advisors have been invaluable to us in making sure that our tax and financial affairs are in order and that we are properly structured to take full advantage of our wealth accumulation strategies... We learnt that our practice and investment structures were less than effective and that previous tax advice received was incorrect – but at least he gave us solutions! Read more...
- A/Prof. Michael J. Neil FRACS, Orthopaedic Surgeon
I have worked with Bill Shew for more than ten years. Bill has been an integral member of the owner managed business advisors network since its inception. If you or your colleagues need a good accountant, tax or strategic advisor who deeply understands the commercial imperatives with small and medium sized businesses and the aspirations of business owners, then I highly commend Whitehawk Advisors to you. Read more...
- Geoff Stein, Partner, Brown Wright Stein Lawyers
I have now been a personal chant of Bill and his team for over ten years. During that time he has assisted me in restructuring my financial affairs, provided complex advice on superannuation and taxation matters, and made sure that my compliance obligations are
always up to date. Bill also continues to be the chosen advisor to me and my business partners on complex commercial and taxation issues on an ongoing basis. Read more...
- Gerry Frittmann, Managing Director, TCF Services
Whitehawk Advisors, delivers the support that I need. Bill’s advice is strategic and commercial and he and his team provide quick turnaround on all of our compliance matters. I don’t like surprises when it comes to tax so Bill makes sure that we meet regularly so that I am kept informed and up to date. He is always on the front foot in this regard. Read more...
- Peter Harmer, Managing Director & CEO, IAG Limited

RSS WHITEHAWK MARKET WATCH

  • UK-US pact neither a free-trade agreement nor broad trade deal of Brexiteer dreams
  • Brave Bison strikes latest deal with £20m move on Centaur Media arm
  • Whitbread to name Severn Trent's Hodgson as new chair
  • Why many assume interest rates will fall further - but no one really has a clue
  • Bank of England cites trade war hit for interest rate cut to 4.25%
  • UK and US announce trade deal to save thousands of British jobs, Starmer says

CONTACT WHITEHAWK ADVISORS

Level 11, 65 York Street, SYDNEY NSW 2000
GPO Box 4579, Sydney NSW 2001
p. +61 2 9188 9693 or f. +61 2 8215 1600

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