Australian IPOs ‘bucking the trend’

According to Deloitte’s 2016 IPO Report, produced in collaboration with M&A intelligence provider Mergermarket 2015 saw: 97 ASX IPO listings (up 33 per cent over 2014), with a market capitalisation of $17.6 billion and capital raised in excess of $8.6 billion...

ATO sights set firmly on Airbnb

Mark Chapman, director of tax communications for H&R Block commented “whether it is a property rented out on Airbnb or a city pad rented out long term, the ATO has signalled a big push to check that people are disclosing their rental income or falsely claiming tax...
Australian SMEs call for a fair go on Fair Work reform

Australian SMEs call for a fair go on Fair Work reform

The monthly survey quizzed more than 500 of the cloud provider’s SME clients in an attempt to gauge their opinion concerning SME-centric issues. MYOB CEO Tim Reed stated that with 122 federal awards, the Fair Work Act is unnecessarily complicated. “SME operators...

Foreign residents set to undergo CGT withholding

Stuart O’Neill, principal lawyer at Creevey Russell Lawyers, stated that the capital gains tax (CGT) withholding obligation will apply to residential and commercial property, mining, quarrying or prospecting rights and interests in Australian entities, with the...