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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Tax Debt
ATO Director Penalty Notice – Unpaid company taxes
Directors – don’t get caught being liable to pay your company’s unpaid taxes because you will be personally liable for a Director Penalty Notice (DPN). This […][…]
Tax Advice
Tax and Employee Share Schemes – ESS
Employee share schemes (ESS) are an effective way of providing benefits to employees who perform well but they also come with a tax bill. Employee shares […][…]
Tax Dispute
TPB: Tax Practitioners Board: Tax agent investigation and deregistration
The Tax Practitioners Board (TPB) is dramatically increasing its tax agent investigations of tax agents leading to a consequent increase in deregistrations. The Australian Taxation Office […][…]
Tax Advice
Transfer Pricing – SMEs simplified rules
If you have international transactions with a related party – eg a loan from your foreign subsidiary – your Australian tax will be affected if the […][…]
Cryptocurrency 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 […][…]
Superannuation
Unpaid Superannuation Guarantee? Amnesty: Pay now and avoid SG penalties
Are you a business owner who has been unable to make a superannuation guarantee (SG) payment for your employee? The Turnbull government has announced an amnesty […][…]
