Featured Article
Tax Residency: Working Overseas In A Low Tax Country? Get The Right Advice & Avoid Large Tax Debts
Are you working overseas in a low tax jurisdiction and paying little or no tax? If so, you might be liable to pay tax in Australia.
Your tax position all depends on your classification as an ‘Australian Resident’ for tax purposes. To substantiate this, the Income Tax Assessment Act 1936 (subsection 6(1)) and Taxation Ruling TR 98/17 are relevant. Outside of this, there is other tax legislation, rulings and case law which are continually changing the scope of an
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TPB Investigation
Recent Tax Practitioners Board (TPB) wins: A reminder that supervision of staff is key
The Tax Practitioners Board (TPB) has dramatically increased its investigation of tax agents who are not complying with their tax agent obligations. This is the result […][…]
Tax Residency
Tax Issues: Hong Kong residents moving to Australia
In the growing unrest in Hong Kong, you may be considering moving to Australia – you should be aware of the following tax issues: When moving […][…]
Tax Audit
JobKeeper and ATO audit
JobKeeper: ATO audit Receiving a Jobkeeper payment carries the risk of an audit because the Australian Taxation Office (ATO) is heavily monitoring fraudulent Jobkeeper claims: records […][…]
Superannuation
COVID-19 Superannuation early access
Superannuation fund members must generally wait until they reach their retirement age to access their super. There are some exceptions to this rule, but a full […][…]
Uncategorized
COVID-19, tax fraud and the ATO
The Australian Taxation Office (ATO) has announced it is building on its significant efforts zeroing in on fraud and tax schemes designed to take advantage of […][…]
Tax Residency
Discretionary trusts: be wary of distribution to foreign residents
In a recent Federal Court case, Peter Greensill Family Co Pty Ltd v Commissioner of Taxation, the Federal Court found that a distribution from a […][…]
