News & Tax Insights

Payroll tax update for Queensland

Blog Post
This is good news for small and particularly regional employers, and includes the following changes: • Reduction in tax payable for small businesses by increasing the exemption threshold to $1.3m • A 1% rate reduction for regional employers • A temporary rebate of up to $20,000 for businesses taking on new employees • Continuing the 50% payroll tax rebate on the wages of apprentices and trainees until 30 June 2021 and • Increasing the payroll tax for employers with taxable wages above $6.5m. The Government is delivering a package of targeted payroll tax measures to drive employment in Queensland businesses,…

Australians setting up business in the USA – does it make sense?

Blog Post
The USA is a huge wealthy market with high demand for innovative products and services and Australia has largely been unaffected by the imposing of tariffs on other US trading partners. There are sophisticated supply and logistics capabilities and the world's best technology, however, America's litigious reputation and restrictive immigration can be a downside from a business perspective. There are complex federal, state, county and city taxes and estate and gift taxes, with those negatives somewhat balanced by a low headline corporate tax rates and the flexibility of check the box elections. There are unusual arrangements for corporate residency and complex foreign…

Setting up business in Singapore?

Blog Post
Singapore is a close neighbour to Australia and has many benefits for the establishment of a new business. Nonetheless, it is a foreign jurisdiction and complexities arise within the Australian tax system that need to be thought through and dealt with prior to the establishment of a new business. This video covers the Singapore’s major pros and cons across the business spectrum.