Thomas Davis Co December January Client Alert 2022 MSI *|MC:SUBJECT|*

After seeing the sharpest decline in activity since the Great Depression and emerging from the volatility of 2020, we looked to 2021 for a bounce-back across our economies and were not disappointed. With more stability across the board, it makes planning for a successful 2022 even more recommended. We hope you are all doing well - please reach out to us if you have any questions, or if there is anything we can do to help. 

As a client of Thomas Davis & Co, you are able to receive updates from the MSI Australia, New Zealand and Fiji Alliance. Thomas Davis & Co is a part of this network of trusted professional services firms, expanding our capabilities across the whole globe. As a result, you receive the benefit of accessing this alliance.

Check out the latest content below from members of the MSI alliance, and some recaps of how we work together to help clients.

Thomas Davis & Co Update

New this month:
  • ATO Medicare exemption data-matching continues
  • Building delays may cost you in more ways than one 
  • Cryptocurrency scams on the rise 
  • Take care with small business CGT concessions
  • ATO concerns on luxury car tax
  • Up and coming changes to Super
  • SMSF trustees: a reminder to apply for director IDs
Read the full summary here

What is Windfall Gains Tax and what does it mean for property owners? 

By Morrows. Ever heard of Windfall Gains Tax before? The Victorian Parliament are looking into a tax based on the Windfall Gain property owners receive from improved zoning. Here's a great article with an example to highlight the consideration.
Check out the blog here!

Important Family Court Changes 2021 

By Johnston Withers. The Federal Circuit and Family Court Australia (FCFCOA) was created to alleviate the cost, complexity and delay families were experiencing under the previous two-court system. Some of the key changes are highlighted here!

Check out the blog here!

Oreon Client Story: Peter Karounos 

By Oreon Partners. "They've taken the stress of managing my finances away and enabled me to focus on my core business."

Business structures and financial management are important no matter your size and its crucial to have the right partners for you and your goals. Learn more about Peter's journey!

https://www.peterkarounos.com/

Check out the blog here!
Some other recent blogs include:

Morrows Legal Special Counsel Russell Krupp is now an Accredited Specialist in Taxation Law
Demystifying the Employee vs Contractor Confusion 
Four practical ways to cut down your overhead costs
Time expires to challenge Fiji's "No Jab No Job" law