The Federal Government has announced further tax concessions for start-up companies and expanded venture capital tax concessions amending the existing early stage venture capital limited partnership (ESVCLP) and venture capital limited partnership (VCLP) regimes (generally with effect from 1 July 2016).

Review Letters are not the commencement of a formal audit by the ATO. They are also not an exercise of the Commissioner of Taxation’s powers to access documents and interview witnesses. Accordingly, if you or your advisers have received a Review Letter, you can approach your dealings with the ATO with a certain level of informality.

How can a construction executive determine a company’s value when considering a merger or acquisition, planning for succession, obtaining financing or making changes to ownership structure?
It can be difficult to determine the value because traditional valuation methods fail to put a price on human knowledge and skill or take account of the enterprise’s reputation.