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Latest News

Saving Tax Through Successful Loan Structuring

One thing that is often over looked when attempting to improve general financial strength is the way that your loans have been structured. Effectively structuring your loans can mean gaining control over your mortgages and avoiding being overwhelmed by investment debt. Below are some quick tips that may be helpful in assessing your current financial situation in ...
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What Small Business Expenses Can You Claim?

It can often be confusing to determine what exactly you can and can’t claim back on tax when it comes to the expenses of your small business. As a general rule, most costs that were directly related to running your business can be claimed back, but it is best to consult with your YML accountant to fully understand what you are entitled to claim in relation to your individual ...
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Israeli Tax of Trusts

Leon Harris, a great tax authority in Israel and certified public accountant and tax specialist at Harris Consulting & Tax Ltd. recently published an article summarising the release of the Israeli Tax Authority (ITA) circular on the trust tax regime in Israel. He advises all trustees and families around the world with links to Israel should seek new tax advice now in order to adjust ...
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Tax Time Checklist for Individuals

In order to make your 2016 tax return faster and easier, we have put together this simple checklist to ensure you have everything you need to complete your tax return. Simply print this list off and check off each item. Once you have completed your checklist, you can contact YML to arrange an ...
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Four Per Cent Stamp Duty Surcharge for Overseas Investors Buying Residential Real Estate in NSW

Last month it was announced by Treasurer Gladys Berejiklian that overseas investors buying residential property in NSW will be faced with a 4% stamp duty surcharge, as well as a 0.75% annual land tax in 2017, in a supposed attempt to tackle housing affordability in Sydney.
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Transfer of Business Assets & Private Company Shares

As recently confirmed by the NSW Treasurer, the transfer duty of the transfer of business assets has been abolished as of July 1st.This also includes the transfer of private company shares and mortgage duty. 
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How New Laws May Impact Your Use of an Earnout Right when Buying or Selling a Business.

New legislation was introduced on the 25th February 2016, affecting look-through earnout rights from the 24th April 2015 onwards. It changes the capital gains tax (CGT) treatment on these earnout rights. If you have bought or sold a business after this date using an earnout right, it is valuable to look into what effect these changes may have on you.
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Co-Sourcing: An Alternative To Out-Sourcing

As the world continues to evolve and progress, so does the need for businesses and companies to continue to adapt and take advantage of new opportunities in order to grow and improve.
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Getting Organised and Planning Effectively This EOFY

The EOFY is fast approaching and now is the time to start getting your business affairs in order to ensure you are in the best possible position by the June 30th cut off. Keeping accurate records of your expenses throughout the year can make this period easier for you, as well as making sure you know what is and isn’t eligible for deductions. On top of this, it’s important to ...
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Aiming to Make a Final Non Concessional Superannuation Contribution for 2016? Be Careful!

Given the election campaign and build-up of rhetoric from political leaders, it can be tempting to ignore the proposed changes to superannuation announced in the 2016 Budget speech and simply carry on as ‘business as usual’ when it comes to making super contribution. After all, unless the Coalition is re-elected and the proposed legislation is passed, these changes may not ...
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