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Tax Planning – the good, the bad and the ugly
When is tax planning aggressive?
Australian tax laws are complex and can be hard to navigate. Without specialist assistance, you risk getting things wrong.
Effective tax planning is essential to help you to legally minimise your tax, helping you save money and plan for your future.
Australian tax laws contain a variety of rules intended to protec
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Tax Residency
Tax residency: don’t forget to declare your foreign income if you are an Australian tax resident
Did you know that Australian residents are taxable on their worldwide income? Some income may be protected to some extent from ‘double taxation’ in Australia if […][…]
Tax Advice
Are gambling wins taxable?
Are gambling wins taxable? Typically, winnings from gambling are not taxable. BUT, there is a caution to this. The winnings of a “professional” gambler are taxable. […][…]
Tax Advice
TPB investigating tax agents JobKeeper restructuring
Are you a tax agent providing restructuring advice so that your client can obtain Covid19 JobKeeper? The Tax Practitioners Board (TPB) has provided clear instructions on […][…]
International Tax
International offshore business dealings? Undeclared taxable income? Make a voluntary tax disclosure now
Taxpayers who own an overseas company, trade in international shares, receive rents, dividends and interest from overseas interests, receive inheritance funds from overseas and managed overseas […][…]
Tax Audit
Tax review or tax audit – try to satisfy the ATO at the review stage
Individuals, partnerships, companies, trusts, super funds are all at a risk of a tax audit following an unsatisfactory tax review. Tax audits which follow an unsatisfactory tax […][…]
Tax Residency
COVID19 Is your status as a tax non-resident affected if you return home to Australia
Many non-residents for tax purposes have returned to Australia due to Covid19 so that they can be with family and friends. If you are not an […][…]
