Sydney: , Brisbane: , London:
CDTL London Office Brisbane OfficeSydney Office

Newsroom

2013 Australian Federal Budget Report
Author: Carl Dumbrell
Significant revenue shortfalls over those budgeted for (despite growth in overall revenue collections year-on-year), and Government spending commitments such as the National Disability Insurance Scheme and the Gonski school reforms, placed considerable pressure on framing this year's Budget.

Business in Australia
Author: Carl Dumbrell
Establishing a business in Australia is relative simply. A foreign company can establish a business presence in Australia as an Australian subsidiary company or as a branch.

2012 Australian Federal Budget Report
Author: Carl Dumbrell
The much talked about and speculated surplus has materialised. The Treasurer revealed a $1.5bn surplus for 2012-13.

The pre-budget speculation about reduced tax breaks for companies to help fund the surplus has come true, with the proposed company tax rate reduced to 29% scrapped altogether (as the Government considered that it would not get the cut through Parliament).

2011 Australian Federal Budget Report
Author: Carl Dumbrell
For 2010-11, the deficit is estimated to be $45.7bn, with the estimate for 2011-12 of a $20.3bn deficit. The Treasurer said the Government "can return the Budget to surplus in 2012-13, despite recent natural disaster", and he predicted a surplus of $3.5bn in 2012-13.

BHP Buyback March 2011
Author: Carl Dumbrell
BHP Billiton (BHP) has announced an off market buy back of its shares. The offer closes to eligible shareholders on the 8th of April 2011.

2011 UK Budget Newsletter
Author: Carl Dumbrell
Chancellor of the Exchequer Mr. George Osborne presented his budget on the 23rd of March 2011. Mr. Osborne laid out his cards on the table from the start, telling Parliament that “the size of the task of repairing Britain’s finances is unchanged”. However, while this year’s Budget was not about raising taxes, neither was it about “giveaways”, he said. Instead, the 2011 Budget was about “sound money” and encouraging enterprise, export and manufacturing, while also easing the burden for families who were struggling to cope financially.

June 2010 UK Budget
Author: Carl Dumbrell
Mr. Osborne stated that the Budget would be ‘tough but fair’ with everyone in the country needing to do their bit to make savings. He said that the previous government had ‘no credible plan’ for reducing the deficit and it was vital to take action to reassure the financial markets, who he said had already reacted positively to cuts announced in the early days of the new government.

Tax Investments
Author: Carl Dumbrell
As the financial year closes, many people make last minute decisions to invest in a project for the purpose of reducing their taxable income. With the uncertainty in the world economy and numerous corporate collapses in recent years we recommend that any investment decision is done after a due diligence process is conducted.

Taxation Ruling 2010/3 – Family Trust Loans
Author: Carl Dumbrell
The ruling is the Commissioner of Taxation opinion on operation of Division 7A Income Tax Assessment Act 1936 (ITAA 1936) of loan accounts between a private company and an associated trust (i.e. family trust).

2010 Australian Federal Budget
Author: Carl Dumbrell
In looking to set a Budget to take the Government to the next election, a brighter economic outlook appears to have delivered the funding for a range of tax sweeteners. While still essentially a “no frills” Budget, the Government has announced a 50% tax savings discount on up to $1,000 of interest earned by individuals and a standard $500 deduction for work-related expenses.

Taxation of Trusts – Bamford High Court Decision 2010
Author: Carl Dumbrell
Bamford is a test case of how the statute in Division 6 taxes a trust and its beneficiaries. The High Court handed down it decision on 30 March 2010, by dismissing the appeal by the Commissioners of Taxation against the decision of the Full Federal Court.

2010 UK Budget
Author: Carl Dumbrell
Mr. Osborne stated that the Budget would be ‘tough but fair’ with everyone in the country needing to do their bit to make savings. He said that the previous government had ‘no credible plan’ for reducing the deficit and it was vital to take action to reassure the financial markets, who he said had already reacted positively to cuts announced in the early days of the new government.

Audit & Assurance – Current issues
Author: Carl Dumbrell
The Australian Securities & Investments Commission (ASIC) is has recently investigated 350 listed and unlisted financial reports for the year ended 30 June 2009.

USA Report
Author: Carl Dumbrell
CDTL is an independent chartered accounting firm with offices in Sydney, Brisbane and London. We provide advice to local and international clients on domestic and international tax, accounting and auditing matters.

UK White Paper 270207
Author: Carl Dumbrell
CDTL is an independent chartered accounting firm with offices in Sydney, Brisbane and London. We provide advice to local and international clients on domestic and international tax, accounting and auditing matters.

Henry Tax Review
Author: Carl Dumbrell
Although the Henry Report contains sweeping recommendations to reform Australia’s tax system, the Government has initially focused on the resources sector and superannuation. The company tax rate is also to be reduced and there are some benefits for small business.

The documents on this page are in a PDF file format. You will need Adobe Reader in order to open them.