Allan Hall’s 2019 Federal Budget Tax Summary

The Federal Treasurer, Mr Josh Frydenberg, handed down the 2019/20 Federal Budget at 7:30 pm (AEDT) on 2 April 2019. Mr Frydenberg said the Budget is ‘back in the black’, announcing a budget surplus of $7.1b, and forecasting continued surpluses into the future, building towards 1% of GDP with the aim to pay off Government debt by 2030. Being a pre-election budget, the Treasurer continually stressed throughout delivery of his…  Read more

Allan Hall attends Accounting & Law Firm Alliance’s Conference

From 24-26 May, Allan Hall Partner, Scott Jago, represented our firm at the Asia Pacific Regional Conference of Alliott Group, which was this year held in Osaka, Japan. Alliott Group is an international alliance of professional services firms of which Allan Hall is a longstanding member. The conference provided learning, personal development and networking opportunities and was attended by 28 professionals from 17 cities in 11 countries. This year’s conference…  Read more

The 2018-2019 Federal Budget has been announced – so what does it mean for you?

On Tuesday 8 May 2018, the Federal Treasurer Mr Scott Morrison handed down the 2018-2019 budget. Whilst there was emphasis on bringing the budget back to surplus earlier than originally planned, as well as individual tax cuts, we have prepared a tax and superannuation brief to help break down all of the announcements and what they mean for you. If you have any questions about how the Federal Budget for…  Read more

GST on Low Value Imported Goods

What is it? From 1 July 2018, all goods imported to Australian consumers will now be subject to 10% GST. Previously goods that were considered low value ($1,000 AUD and under) were exempt from GST, however the government has now legislated this ‘loop hole’ to include all imported goods. Those responsible for the collection of GST may be merchants who sell goods, online marketplaces (electronic distribution platform operators) or re-deliverers.…  Read more

Annual charge on empty, foreign-owned, holiday homes

In the 2017 budget, the Government brought in a measure to discourage foreign owners holding Australian residential property as holiday homes that remain unoccupied for most of the year. Where the property is unoccupied or not genuinely available on the rental market for more than 6 months of the year, the owner will be charged an annual levy. The levy will be equal to the foreign investment application fee that…  Read more

New ATO Tax Avoidance Taskforce

The last month has seen the release of the Paradise Papers. These papers detail what most people already know – that large multinationals and the rich of the world have structures in tax havens. We are seeing unprecedented co-operation between taxation authorities internationally. In Australia, you may have seen in the media that the Australian Taxation Office (ATO) has established a new Tax Avoidance Taskforce. The Australian Government has invested…  Read more

Allan Hall named finalist in 6 categories in the Australian Accounting Awards 2019

Allan Hall Business Advisors continues to impress with individual, network and firm-wide awards and accolades, with our latest nomination as finalists in 6 categories of the Australian Accounting Awards 2019. For further details and a full list of our recent awards, click below.

Global alliance focussed on business excellence

Allan Hall is the Sydney member of Alliott Group, an award winning, growing, global alliance of 160+ accounting, law and consulting firms in 60+ countries.