Payroll tax crackdown
The number of companies being audited over payroll tax compliance has dramatically increased and most companies audited have been found …
Read More > 0.The number of companies being audited over payroll tax compliance has dramatically increased and most companies audited have been found …
Read More > 0.The Australian Government has demonstrated its commitment to discouraging artificial transfer pricing with the introduction of the Diverted Profits Tax …
Read More > 0.If you buy a work related item on Gumtree or Ebay, don’t pay cash because you will have no record …
Read More > 0.If you are an Australian living overseas and you have a student loan then you must register on MyGov by …
Read More > 0.Treasury have (finally) released details of draft legislation of the first tranche of the 2016 superannuation reform. Still no word …
Read More > 0.Two recent cases at the Administrative Appeals Tribunals have highlighted the need for Tax Agents to comply with their Code …
Read More > 0.The ATO Letter … So – you have received a letter from the ATO. You may have forgotten to lodge …
Read More > 0.Having nightmares about your tax? Haven’t lodged income tax returns for don’t know how many years? Want to get back …
Read More > 0.Under the GST Act the supply of gold bullion is input taxed. In layman terms this essentially means that the …
Read More > 0.Muslims complying with Islamic principles, including Sharia law, have a different approach to the lending of money than Australia’s traditional …
Read More > 0.Expats do not pay tax on their foreign income. But they must still pay tax on any income derived in …
Read More > 0.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.
Read More > 0.The ATO may issue a garnishee order if you fail to meet your tax debt payment obligations. However you must …
Read More > 0.Under section 23AG of the Income Tax Assessment Act 1936 (ITAA) Foreign employment income is exempt from tax if all of the …
Read More > 0.If you sell your home you are entitled to a CGT exemption known as the main residence exemption. There …
Read More > 0.If you have interests in offshore companies you should be aware of the taxation rules relating to Controlled Foreign Companies …
Read More > 0.A question that frequently arises is whether an Australian who is living and working on a yacht based in overseas …
Read More > 0.A recent case in the AAT concerned an individual working in Oman, who successfully claimed to be a non-resident of …
Read More > 0.The ATO is increasingly prosecuting taxpayers for failure to lodge their tax returns. The first warning sign is the Tax …
Read More > 0.Tax fraud or evasion is treated very seriously by the courts. There are close to 100 serious criminal tax offence …
Read More > 0.SMSF Audit requirements Each year your SMSF must be audited by an approved SMSF auditor before the SMSF Annual Return …
Read More > 0.It is critical you correctly classify a worker as either an ‘employee’ or a ‘contractor’. If your worker is in …
Read More > 0.Superannuation legislation does not deal with the situation of one trustee behaving improperly in relation to their SMSF obligations and …
Read More > 0.One of the benefits of a Self-Managed Superannuation Fund (SMSF) is the 15% tax rate. However if income is ‘non-arm’s length’, the …
Read More > 0.The WA District Court recently found in favour of the Commissioner in a case involving the non-remittance of withholding taxes …
Read More > 0.A recent AAT decision has found that taxpayers who acted on the advice on the agent and entered into a loan arrangement using their SMSF funds had early accessed their benefits and were therefore assessable on those benefits at the time that they were initially released. The arrangement was a sham even though the taxpayers did not have the necessary intent to enter into a sham arrangement. The agent was aware it was a sham and the agent’s intention was the applicable one.
Read More > 0.Led by Commissioner Chris Jordan the ATO is adopting a more conciliatory approach in negotiating settlements with taxpayers in order …
Read More > 0.Companies incorporated in overseas tax havens found to be Australian residents because real central management and control was in Australia. Company therefore liable for Australian income tax on profits made on Australia.
Read More > 0.In welcome news for all taxpayers, the ATO recently acknowledged not all taxation disputes have been handled well by the …
Read More > 0.Did you know that the Tax Office uses what is called a “benchmark” when deciding whether or not to audit …
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