Year-End Planning- June 2022

With 30 June fast approaching, we thought it would be an opportune time to provide you with a Year – End Planning memorandum detailing key dates, recent reforms and tax planning opportunities for you and your business.

Large Proprietary Company Thresholds to Double

Written by Jayson Palomaria: The financial reporting requirement for large proprietary companies to lodge their annual audited financial reports was introduced back in 1995 aimed at regulating the reporting of financial activities of proprietary companies which have a significant economic influence. The proprietary company reporting threshold contained in section 45A of the Corporations Act 2001, […]