Latest news - Mazars

Mazars and Xero announce three-year global framework agreement

Xero will provide enriched data and insights to Mazars member firms who establish it as their cloud accounting solution.

Commercial and industrial property tax – Victoria’s quiet revolution

Not a day goes by without an economist, academic or media commentator spruiking our nation’s urgent need for comprehensive tax reform. Yet while the Stage 3 tax cuts, bracket creep and the GST distribution amongst the states are constantly making the headlines, the Victoria Labor Government has continued its quiet revolution in property tax reform.

When is the right time to start the aged care conversation?

No-one likes to talk about getting old. But at what age should you start thinking about your aged care needs? The answer is simple - any age is a good time. This is regardless of whether you are in your early retirement years or well into retirement.

What is a Fringe Benefits Tax (FBT)?

Fringe Benefits Tax (FBT) is a tax paid by employers on certain benefits provided to their employees, their families, or other associates.

The importance of keeping a record of your investment purchase history

Investing is a strategic journey that involves making thoughtful decisions to secure financial well-being.

Director ID enforcement

Company directors are now required by law to apply for a director identification number (director ID). If you plan to become a director, you must apply for a director ID before you are appointed. If you are already a director and don't have a director ID, you must take immediate action as it is a criminal offence for a director not to apply on time and with heavy penalties for individuals at stake.

QBCC adopts MFR regulation amendment easing burden on small licensees

New Minimum Financial Requirements (“MFR”) regulation, from February 2024, allows small licensees to submit Special Purpose Financial Statements (“SPFS”). This change will ease the burden imposed by previous regulations which required General Purpose Financial Statements (“GPFS”).

Mazars announces another year of record revenues as it builds global ambition

February 2024 – Mazars, the international audit, tax and advisory firm, has released its global financial results for 2022/2023.

ATO finalises its guidance on calculating electric vehicle home charging costs

The Australian Taxation Office has finalised the Practical Compliance Guideline 2024/2 to help individuals and employers calculate the electricity costs of charging electric vehicles at home.

Foreigners to pay more for Australian housing

The Australian Federal Government has recently introduced a Bill into Parliament, which in its current form, would significantly increases fees for an acquisition in Australian housing. The increase in fees is aimed at increasing the available housing stock.