Yearly Archives: 2018

Deemed Dividends: Changes Are Coming

If you own a private company, deemed dividend payments or Div 7A may be familiar to you. In short, it is designed to ensure that income is not inappropriately sheltered in corporate structures at the corporate tax rate. It usually applies when a private company provides a benefit to a shareholder (or their associate), and...

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Director Identification Numbers Coming Soon

Being a director of a company comes with many responsibilities, this could soon increase with a government proposal to introduce a "director identification number" (DIN), a unique identifier for each person who consents to being a director. The DIN will permanently be associated with a particular individual even if the directorship with...
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Corporate Tax Rates: Recent Changes Give Certainty

There are two categories of companies when it comes to the corporate tax rate. The two categories are determined by turnover and business activity. The rate of 27.5% applies to corporate tax entities known as "base rate entities". What is a base rate entity? Put simply, it is a...
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