In most circumstances when a purchaser enters into a contract to purchase property he is requested to pay a deposit. However, should the purchaser forfeit his deposit by deciding not to proceed with the contract there are some serious tax consequences.
Audit season is not to be taken lightly.
National Chartered Accounting firm RSM Bird Cameron has welcomed the appointment of four Partners and nine Principals to its Australian practice.
For employees completing their 2010 income tax returns, it is an opportune time to remind them that recent changes to the law mean that they are now taxed in Australia on income they earn from foreign employment.
Accounting firm RSM Bird Cameron’s fourth thinkBIG benchmark study into Australia’s small-to-medium enterprises (SMEs) found that, for the second year in a row, one in five SME owners have delayed their exit date from their business because of economic uncertainty.
The Federal Government & the Australian Taxation Office (ATO) continued to alienate themselves from the business sector last week with the Tax Office releasing its final ruling on discretionary trusts distributing surplus income to corporate beneficiaries.
Plans by the ASX to overhaul reporting guidelines for oil and gas companies has been welcomed by national accounting firm RSM Bird Cameron
Geoff Hall, director of agribusiness, RSM Bird Cameron, offers his insights into the opportunities with carbon storage in trees, which could become a major potential income stream for farmers in the future.
RSM International, a worldwide network of independent accounting and consulting firms, which includes Australian member firm RSM Bird Cameron, has risen to sixth place in the global accountancy industry league tables according to a survey released by the International Accounting Bulletin.
RSM Bird Cameron’s 2009 Business Acquisition and Impairment Review, released today, has found a significant decrease in Australian M&A activity during the 2009 financial year.
Wednesday, September 8, 2010
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