Articles

Received an ATO Notice? Keep Calm

So – you have received a Notice from the ATO: You may have forgotten to lodge a number of BASs. You might owe them money. They may be interested in a transaction that you have been party to – for example, the sale of land….
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Received an ATO letter? Keep Calm

The ATO Letter … So – you have received a letter from the ATO. You may have forgotten to lodge a number of BASs. You might owe them money. They may be interested in a transaction that you have been party to – for example,…
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Tax nightmares? Voluntary disclosure is the answer

Having nightmares about your tax? Haven’t lodged income tax returns for don’t know how  many years? Want to get back on track but don’t know how? Afraid to open a letter from the Tax Office? Tax debt just getting bigger and bigger? Then making a…
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Gold bullion or scrap gold? Tax implications

Under the GST Act the supply of gold bullion is input taxed.  In layman terms this essentially means that the supply and purchase are GST free.  BUT, the supply of scrap gold attracts GST.  So it is critical that an entity trading in gold understands…
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Sharia law and Australian taxes

Muslims complying with Islamic principles, including Sharia law, have a different approach to the lending of money than Australia’s traditional approach. The Islamic financial system promotes risk-sharing and under Sharia law, Muslims are prohibited from entering into a loan agreement that requires interest to be…
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Expats: Australian income tax rates

Expats do not pay tax on their foreign income.  But they must still pay tax on any income derived in Australia such as bank interest, dividends, rental income etc. Expats pay a different rate of tax on their Australian income to that of an Australian…
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Superyacht crew – are they liable for tax in Australia?

Aussies crewing overseas on a superyacht may be faced with a big tax bill if they are audited if they cannot show that they are a non-resident of Australia.
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Are superyacht crew liable for tax in Australia?

Aussies crewing overseas on a superyacht may be faced with a big tax bill if they are audited if they cannot show that they are a non-resident of Australia.
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