Semmens & Co News Feed

Reporting Foreign Income

This year the ATO are seeking to ensure taxpayers are correctly reporting all sources of foreign income in their tax return.

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The Issue of Transfer Pricing

The issue of transfer pricing (and avoiding transfer mis-pricing) is critical to Australians, Australian commerce and to the Australian taxation system and therefore, a key focus for the ATO.

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Compliance Changes for Trading Names

Do you know the difference between a trading name and business name? If not, read on for more information on how the two differ.

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Relief from Double Taxation when Doing Business in Singapore

The aim of tax treaties is to enable businesses to claim relief from double taxation, either by way of tax credits, tax exemptions or reduced withholding tax rates. Further, relief varies from country to country and is dependent on the type of income you generate.

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RBA Drops Cash Rate to New Low

The Reserve Bank of Australia (RBA) has announced that it has reduced the official cash rate to a new record low of 0.75 per cent.

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Substantiation – Work-Related Laundry Expenses

You may be asked to provide supporting documentation to verify the deductions you aim to claim in your tax return. Read on for a guide to substantiation for Work-Related Uniform and Laundry Expenses.

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Financial Reporting for Businesses in Australia

Australia aims to promote investor confidence and integrity in the economy, corporations and in capital markets. This is supported by legislation that requires Australian businesses to produce and submit clear and consistent financial reports prepared in accordance with the law.

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Protect Your Interests with a Shareholders Agreement

Shareholder disputes are still one of the most common issues commercial and litigation lawyers encounter, so it is important to understand how to avoid the pitfalls that leave you vulnerable.

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Superannuation and Estate Planning

Whist no-one wants to talk about their death, it’s important to decide what will happen to your assets when you die. This process will include addressing issues like estate plans, your Will, testamentary trusts, powers of attorney, as well as legal and financial housekeeping.

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Capital Gains Tax and Concessions for Business

If you take the time to understand the principals of project management, you can be certain to deliver many a successful project, which in turn evolves your business and ensures you thrive in these modern times.

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Thoughts From Our Principals

Mark Semmens

Mark is a Chartered Accountant with a wealth of experience in accounting and taxation. Mark is a Member of Chartered Accountants Australia and New Zealand, the Tax Practitioners Board and the National Tax and Accountants Association.

Mark's blogs
Daniela Semmens

Daniela Semmens is a Co-Director of Semmens & Co. and joined the company as General Manager in 2017. Daniela is an Affiliate Member of Chartered Accountants Australia and New Zealand and also a Member of the Australian Institute of Project Management.

Daniela's blogs

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For any enquiries into our team or our services please contact Semmens & Co. via email at info@semmensco.com.au or call us on 03 8320 0320

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