What are phantom shares?
Phantom stock is a US phenomenon, that has been adopted and adapted in the UK and is now getting more attention in Australia. It is essentially an Employee Share Scheme (ESS) designed to remunerate key employees at some stage in the future. As the remuneration is deferred, so is the tax.
To find out more, click here and read our full article.
Do you have assets or income overseas that the tax office don’t know about? – ATO amnesty about to finish!
Further to our previous discussions, you may have also seen in the media recently about the Australian Taxation Office (ATO) amnesty on disclosures of assets or income overseas that they have not previously been made aware of.
This initiative closes next week, click here to find out how to access it.
Plan your business sale early to maximise your after tax return
Planning for a potential business sale is an important factor to consider for both asset protection and tax efficiency, and you should make reviewing your structure a priority as soon as any thought of a sale enters your mind.
Click here for an outline of what you need to consider.
Issues to consider when setting up a business overseas
If you are looking to expand your business overseas, be sure to read and take into account the issues raised in our article, as well as considering the questions asked.
Click here to find the list.
Christmas message
On behalf of all of us here at Stanley & Williamson we wish you a great Christmas and a happy, healthy and profitable new year.
Last Friday, the 5th of December, we had our annual staff Christmas party. The theme was the 1920’s, and if you would like to see some more photos of our fabulous staff, please click here.
In lieu of sending out Christmas cards we have once again chosen to donate to the Salvation Army this Christmas to help the people in need at this time of year.
Our new website
As we mentioned last month, our new website is now live! Please feel free to explore the new site, and pass on any feedback you might have.
Quote
If you genuinely want something, don’t wait for it – teach yourself to be impatient. – Gurbaksh Chahal
*Correct as of December 2014
*Disclaimer – this article has been produced by Kreston Stanley Williamson as a service to its clients and associates. The information contained in the article is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this article, it is imperative you seek specific advice relating to your particular circumstances. Liability limited by a scheme approved under professional standards legislation.
