Achieving Great Place to Work Re-certification
Hall Chadwick Melbourne is proud to announce our re-certification as a Great Place To Work! A big thank you to our dedicated team members for their contributions to our ongoing success and recognition. At Hall Chadwick Melbourne, we prioritise our team member’s growth and wellbeing. Here are some of the great benefits we offer: Continuous Learning: We invest in your professional development through ongoing learning opportunities. Recognition: Achievements are acknowledged and celebrated. Work-Life Balance: We support you in balancing your personal and professional commitments. Mentoring: Benefit from mentorship provided by our experienced managers and directors. Training Programs: Access both internal and external training sessions led by expert facilitators. National and International Opportunities: Explore real growth prospects through our extensive network. [...]
Tax Planning Year End Guide 2024
As we approach the end of the 2024 financial year, tax planning has never been more important. Now is a good time to think about opportunities and risks that should be addressed before 30 June 2024. To help you with this, our guide summaries some key tax planning tips which should be considered before the end of the financial year, 30 June 2024. We encourage you to schedule a meeting with us as soon as possible to assess your tax planning options. Download Our Year End Tax Planning Guide Does this change my position? Get in contact with our advisors Our Practice Leaders
Federal Budget 2024-25 | Hall Chadwick
Federal Budget - Perspective The Federal Treasurer, Dr Jim Chalmers, handed down the 2024–25 Federal Budget at 7:30 pm (AEST) on 14 May 2024. Described as a “responsible Budget that helps people under pressure today” , the Treasurer has forecast a second consecutive surplus of $9.3 billion. The main priorities of the government, as reflected in the Budget, are helping with the cost of living, building more housing, investing in skills and education, strengthening Medicare and responsible economic management to help fight inflation. The key tax measures announced in the Budget include extending the $20,000 instant asset write-off for eligible businesses by 12 months until 30 June 2025, introducing tax incentives for hydrogen production and critical minerals production, strengthening foreign resident [...]
We’ve had a win… a UPE is not a loan!
After 11 months of eagerly waiting, our client, Mr. Bendel, has won in Bendel v Commissioner of Taxation. The AAT has ruled that an unpaid present entitlement (“UPE”) of a corporate beneficiary against a trust is not a loan within the meaning of s109D(3) of ITAA 36. Thus, the Commissioner’s heterodox view that a UPE can be a loan, which underpins TR 2010/3 (withdrawn) and TD 2022/11, has been seriously called into question. Special thanks to our counsels – Mr. Andrew de Wijn and Mr. Paul Jeffreys – for their meticulous preparation and capable presentation of the case. Should the reader wish to explore in further detail, please contact Buck Xiao from our Melbourne office. Key Contact [...]
Hong Kong’s Virtual Assets Regulations
"Mark Bailey and his team have published an article titled 'Hong Kong's Virtual Assets Regulations" The article explores Hong Kong's new regulations and guidelines for licensing Virtual Asset trading Platforms (VATP's) have numerous features that specifically address and provide greater protection for retail investors from not only scams and fraud, but also overexposure to the asset class. Download our full article Key Contact Mark Bailey Director of Corporate Finance & Advisory
Structural choices for expanding into the US – an issue-driven analysis
"We have published an article titled 'Structural Choices for Expanding into the US: An Issue-Driven Analysis' in The Tax Specialist. The article explores the US, Australian, and treaty issues that arise from concurrent business operations in both countries. It is awe-inspiring to sail down the confluence of the wild rivers of US and Australian taxation rules. The challenge is rewarding; the discoveries are serendipitous; the experience is enriching. Given the unfathomable intricacy of US and Australian tax rules and their interaction, this article is at best revealing tips for the reader to delve beyond the surface and explore the hidden depths of the iceberg. Should the reader wish to explore in further detail, please contact Buck Xiao from [...]