We provide help for a Tax Audit, help with taxation objections, tax litigation, tax disputes and foreign resident tax


Tax Cryptocurrency: ICO income or capital?

As everyone knows, the taxation of cryptocurrency is a very grey area.  However, the ATO considers that cryptocurrency is a CGT asset (and not cash). Thus the disposal of cryptocurrency for a profit will ordinarily give rise to a capital gain. This then leads to…
Read more

Unpaid SG? Amnesty: Pay now and avoid SG penalties

Are you a business owner who has  been unable to make a sueprannuation guarantee (SG) payment for your employee?   The Turnbull government has announced an amnesty for all unpaid Superannuation guarantee contributions.  So, if you lodge and pay all of your outstanding SG payments within…
Read more

Buying overseas goods online? Be prepared to pay an extra 10% GST tax

Wonder why Amazon has blocked Australians from their US sites?  Its because from 1 July goods bought online from overseas will incur a 10% GST tax. Up until now, such goods were GST-free if worth less than $1,000. The new GST rules will apply to…
Read more

Haven't disclosed foreign income in your tax returns?

If you have received income from overseas or have been holding monies overseas and receiving interest income and haven’t disclosed this in your tax returns do it now before you are audited and face severe penalties. This is because, as a result of the new  Common…
Read more

Garnishee arrangement instead of payment plan: Company not wound up

The ATO commenced debt recovery action and would not accept a payment plan.  However Waterhouse Lawyer negotiated a Garnishee arrangement so that the company could continue trading and not be wound up.  83 jobs were saved. In this case, the ATO had issued a Statutory…
Read more

Tax: Don't get caught by the global Common Reporting Standards (CRS)

The Common Reporting Standard (CRS) is designed to reduce tax evasion.  It is a global reporting system and will affect all taxpayers who have bank accounts in two countries. Under the CRS regime, financial institutions, such as banks, are required to report foreign tax residency…
Read more

Tax Common Reporting Standard (CRS): Australian Chinese Community

Many of the Australian Chinese community may be affected by the Common Reporting Standard (CRS) the new international tax reporting system.  The CRS is designed to reduce tax evasion. Under the CRS regime, financial institutions such as banks are required to report foreign tax residency…
Read more

How to Deal with a Tax Audit or Tax Review

Received Notice of a Tax Audit or Tax Review? The most important thing to do when you’ve just received notice that the Australian Taxation Office (ATO) will be undertaking a tax audit or review of your tax returns is to stop and consider your position….
Read more

Tax Dispute

Involved in a dispute with the Tax Commissioner?
Being audited by the Tax Office?