CharterNet Advisers

23/07/2023

TIN HOT ĐÀ LẠT : "Tòa án thành phố Đà Lạt không cho viện kiểm sát tối cao thực thi quyền kiểm sát, bao che cho thẩm phán vi phạm tố tụng"

03/06/2022

The R&D Tax Incentive (RDTI) landscape has been particularly fluid over the last few years. As such, CharterNet has launched a quarterly update covering key topics relating to the RDTI to ensure claimants have the most up to date information. This covers areas such as changes to legislation, R&D related news, case studies, and think pieces.

This edition includes:

- Important reminder – Overseas findings due soon!
- R&D News – Guidance finalised for software claims
- RDTI Determination – clinical trials
- Digital Games Tax Offset and interactions with the RDTI

Learn more:

The R&D Tax Incentive (RDTI) landscape has been particularly fluid over the last few years. As such, CharterNet has launched a quarterly update covering key topics relating to the RDTI to ensure claimants have the most up to date information. This covers areas such as changes to legislation, R&D rel...

01/06/2022

Like every investment type, cryptocurrency offers both benefits and drawbacks that you will need to consider before putting your hard-earned money into it. Get it right and there are potential gains to acquire, but get it wrong and there may be severe consequences – especially in terms of your tax obligations and of course the general high risk profile of this investment class.

Before you explore the world of crypto, here’s what you need to know.

Like every investment type, cryptocurrency offers both benefits and drawbacks that you will need to consider before putting your hard-earned money into it. Get it right and there are potential gains to acquire, but get it wrong and there may be severe consequences – especially in terms of your tax...

26/05/2022

From 1 July 2022, the minimum superannuation contribution rate increases from 10% to 10.5%.

The $450 per month gross earnings threshold has been removed to expand coverage of the super guarantee to all eligible employees, regardless of their monthly pay.

All employers should review their staff’s employment contracts and ensure these are correctly reflected in their payroll systems as at 1 July as it will determine who pays the 0.5% increase – the employee or the employer.

Please click through to see a calculation of how this will affect your staff and payroll system.

For a review of your payroll’s superannuation settings and to learn more, reach out to our team.

Talking Points From 1 July 2022, the minimum superannuation contribution rate increases from 10% to 10.5%. The $450 per month gross earnings threshold has been removed to expand coverage of the super guarantee to all eligible employees, regardless of their monthly pay. All employers should review th...

13/04/2022

The R&D Tax Incentive (RDTI) landscape has been particularly fluid over the last few years. As such, CharterNet has launched a quarterly update covering key topics relating to the RDTI to ensure claimants have the most up to date information. This covers areas such as changes to legislation, R&D related news, case studies, and think pieces.

Learn more in our Q3 update:

The R&D Tax Incentive (RDTI) landscape has been particularly fluid over the last few years. As such, CharterNet has launched a quarterly update covering key topics relating to the RDTI to ensure claimants have the most up to date information. This covers areas such as changes to legislation, R&D rel...

07/04/2022

To help business leaders and entrepreneurs tap into the investment opportunities of the wider ASEAN region, InCorp Global and the Singapore Economic Development Board (EDB) have collaborated to develop a compact, easy-to-understand ebook that explores the various business landscapes across 10 SEA countries.

In this exclusive ebook, you’ll be able to…

- Gain insights to SEA market size, GDP, infrastructure, competitiveness and more
- Identify business opportunities in key and growth sectors
- Discover local talent availability and skills
- Expand easily via understanding the company setup requirements
- Leverage various tax incentives and schemes

Learn more and download your copy here:

Planning to expand or start a business in Southeast Asia? In this exclusive ebook by InCorp and EDB, we share the key growth sectors, incorporation steps, and tax incentives across 10 countries. Download now!

04/04/2022

The Treasurer delivered the Federal Budget on Tuesday 29 March 2022.

A key focus of this budget is relief from cost-of-living pressures, with the pandemic, the conflict in Ukraine and extreme weather events putting an upward pressure on the cost of goods.

In relation to small businesses, this year’s budget includes greater tax deductions for expenses incurred on external training courses provided to their employees and for costs incurred on business expenses and depreciating assets that support digital adoption, such as portable payment devices, cyber security systems or subscriptions to cloud-based services.

This budget also demonstrates the Government’s commitment to research, innovation and technology, with the expansion of the ‘patent box’ initiative that announced in the 2021-22 Budget.

Click through to see our summary of key announcements for small to medium businesses across various industries, and individual income earners.

Talking Points Relief from cost-of-living pressures New paid parental leave laws are set to be introduced by 1 Mar 2023 Expansion of the 2021-22 Budget measure ‘patent box’ Enhanced tax deductions for the cost of employee training and digital adoption Access to employee share schemes will be exp...

04/04/2022

As a company director, under new legislation, you’re now required to obtain a director identification number (director ID).

A director ID is a unique identifier that you keep forever. It’s free to apply and you only need to apply once.

If you are a company director appointed prior to 1 November 2021, you must obtain your director ID by 30 November 2022. New directors should apply before they are appointed.

Learn more:

Talking Points If you are a company director appointed prior to 1 November 2021, you must obtain your director ID by 30 November 2022. New directors should apply before they are appointed. You must apply for a director ID yourself. No one can apply for you. Penalties may be applicable if you don’t...

07/02/2022

For several years now, CharterNet has been supporting John Barraclough’s two major businesses: UAG Bio Nutrients and UAG Macadamias. From research and development (R&D) to accounts, and tax & advisory, here’s how CharterNet is helping John manage rapid growth across both businesses.

Case study: https://www.chartered.net.au/case-study-uag-bio-nutrients-uag-macadamias/

16/12/2021

The R&D Tax Incentive (RDTI) landscape has been particularly fluid over the last few years. As such, CharterNet has launched a quarterly update covering key topics relating to the RDTI to ensure claimants have the most up to date information. This covers areas such as changes to legislation, R&D related news, case studies, and think pieces.

Here's the latest:

The R&D Tax Incentive (RDTI) landscape has been particularly fluid over the last few years. As such, CharterNet has launched a quarterly update covering key topics relating to the RDTI to ensure claimants have the most up to date information. This covers areas such as changes to legislation, R&D rel...

09/12/2021

In this article, we explore three key problems that SMEs face with managing their internal finance teams and see a solution come together for not-for-profit organisation Thrive Refugee Enterprise.

Peter Drucker is credited with coining the term knowledge-worker regarding someone who is paid to think for a living.  Chartered Accountants, whether they are working in-house or for clients, are therefore defined as knowledge-workers. The value they add to a business is through their application o...

09/11/2021

In June of last year, new legislation was passed that will require new and current directors to apply for a Director Identification Number (DIN) which is unique and permanent (that is, the DIN will be active even after the individual ceases to be a director), similar to that of a tax file number.

In this article, our Senior Client Services Coordinator Ciaran Simpson, reveals more about what these new measure entail.

Executive Summary From 1 November 2021, directors of Australian corporations will be required to be registered under the Australian Business Registry Services (ABRS) Department with a Director Identification Number (DIN). Directors appointed to Australian corporations prior to 1 November 2022 must e...