May 2021 edition

The latest tax updates for you and your business
 
Keep up to date with the latest Australian and International tax news from our market-leading experts.
 
THE TAX LIBRARY
Further ATO Guidance and Proposed Risk-Rating Framework for Intangible Arrangements
By Mintwab (Minty) Tafesse
 
The ATO has released a draft Practical Compliance Guideline on Intangible Arrangements (PCG 2021/D4) in which it details its compliance approach and the risk assessment framework it plans to employ when considering the risk profile of intangible arrangements (“IAs”) operating between international related parties.  
Federal Budget 2021-22 | Opposition response
By Danette Cheung & Ian MacPherson
 
On Thursday 13 May 2021, the Opposition Leader delivered the traditional Opposition Budget-in-Reply address, pledging to establish a social housing fund to address housing affordability issues.
Set up your start-up for success
By Andrew Ravenscroft
 
Looking to set up a start-up? People create start-ups because of the passion they have for their project, the excitement of innovating, the allure of working on their own terms, and the prospect of high reward.  
Self-education expenses
By Catherine Davidson
 
It is important to understand the deductibility of self-education expenses and what it can mean for you.
The impacts of COVID-19 have undoubtedly been felt throughout our economy, leaving a trail of uncertainty in consumer and employee confidence.
Family Law & Tax Advice – End of Financial Year Actions
By Tracey Dunn
 
The end of the financial year is fast approaching, highlighting some important tax compliance and administration matters that may have a significant impact on family law and tax matters. 
 
 
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Victorian State Budget 2021-22 Analysis
By Simon Aitken & Michael Watkins
 
What does the 2021-22 Victorian State Budget mean for you and your business? The Victorian Treasurer, Tim Pallas MLA, handed down the Victorian State Budget on Thursday 20 May 2021. After a delayed 2020-21 budget on account of COVID-19, this budget was back in its traditional May timeslot. 

 
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