Navigating the complexities of tax law can be challenging, especially when it comes to understanding the nuances of related parties. Identifying which definition applies is a key step in correctly applying the law. In this article, we break down the concepts of associates and affiliates, and explain how they can impact tax outcomes.
The recent case Toowoomba Regional Council v FCT challenges the current ATO guidance causing uncertainty for employers who provide car parking to employees.
How will the FBT treatment of zero or low-emission vehicles change after April 1, 2025? Our article explains the transitional rules and how they will apply.
The proposal for making GIC and SIC non-deductible effective from 1 July 2025 will have significant implications to taxpayers. This article highlights the potential ramifications and possible solutions.
The Full Federal Court has decided in favour of the taxpayer in the Bendel case, with the consequence that an undrawn trust distribution is not a loan under Division 7A. We summarise the outcome and some likely implications of this outcome.
Opposition Leader, Peter Dutton announced a proposal to introduce a capped tax deduction of $20,000 per year for business-related meal and entertainment expenses. So who benefits and how will it work?
The FRCGW rules were introduced in 2016 as a way to ensure that foreign residents pay tax on the sale of certain Taxable Australian Real Property. Here’s a summary of what has changed and practical ramifications.
In recent times, most years don’t see major changes to the Australian tax system. As in prior years there doesn’t seem to have been much change in 2024, but on reflection there is still a lot that has happened, or in some cases, not happened! In this article we look back on 2024 and look into the crystal ball for what to expect in 2025.
We have observed a growing trend in ATO super guarantee compliance activities. As the workforce landscape continues to evolve, businesses face increasingly challenges in ensuring their contractual arrangements with workers are accurate for both income tax and SG purposes. This article outlines the key developments in the SG space relating to worker classification.
Webb Martin Consulting is delighted to announce the appointment of Andrew Ratnasingham as a Principal.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Melbourne (Head office)
Level 9, 41 Exhibition St, Melbourne, VIC, 3000
© 2022 by Webb Martin Consulting Pty Ltd. All rights reserved. Liability limited by a scheme approved under Professional Standards Legislation.
Website by Amplified Marketing
