Guide to Tax Deferral for Employee Share Schemes
As a general rule, if you acquire an interest under an employee share scheme (ESS) you will be taxed on any discount at your marginal rate of tax. However, an exception applies if the scheme qualifies for concessional treatment, such as the tax deferral scheme which defers the taxing point to a future point in […]
Guide to the ESS Start-Up Concession
If you acquire an interest in a company that qualifies as a start-up, the employee share scheme (ESS) start-up concession can eliminate upfront tax on discounted shares or options. This guide explains the rules, benefits and pitfalls of the ESS start-up concession, a powerful incentive for early-stage companies. It helps start-ups attract and retain top […]
How an adjudication application can get you paid
Adjudication is an informal dispute resolution process within the Building and Construction Industry Security of Payment Act 1999 (NSW) (the Act). Adjudication applies to construction work and/or related goods and services carried out in New South Wales. If you haven’t made a payment claim, read our insight on ‘How a payment claim can get you paid‘ for […]
How is your cryptocurrency taxed?
It is generally understood that there are taxation implications when transacting with cryptocurrency (whether in the form of capital gains tax or income tax) – however, not all tax liabilities are created equal. Whether you’re buying, selling, swapping, staking or wrapping your crypto, there will be a whole heap of tax implications that you will […]
How a payment claim can get you paid
Getting paid in the construction industry can be a major challenge for contractors, suppliers or consultants. If you are a party to a building contract that is covered by the Building and Construction Industry Security of Payment Act 1999 (NSW) (the Act) and are: you can make a payment claim or apply for adjudication in […]
Employers guide to fairly terminating an employee
A common misconception is that employers can solely rely on the terms of their employment contracts when terminating an employee. While an employment contract may give employers a contractual right to terminate their employees, the Fair Work Act 2009 (Cth) sets out the circumstances in which employees will be entitled to protection from unfair dismissal. […]