The Government recently announced a proposal that may provide FBT exemptions for electric vehicles. Read our latest article to learn more.
Proposed FBT exemption for electric vehicles: What you need to know
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Tax News
Treatment of renewing or lapsing gaming machine entitlements in Victoria
Read our article to learn the facts and impact of the Commissioner of Taxation v Sharpcan [2019] HCA 36 case.
It’s tax season again! Key matters to consider for FY2022
As the 2022 financial year comes to a close, practitioners will be working closely with their clients to ensure they meet their income tax...
GST and bad (or overdue) debts – how are they dealt with?
The end of the financial year (30 June) usually prompts a review of bad and doubtful debts. So, it is worth revisiting the GST rules that apply to...
Carter v FCT: Trustee resolutions – Why it’s important to get it right
Overview With 30 June approaching, one of the recurring annual year end processes required of a trustee is to ascertain the quantum/proportion of...
Does section 100A truly have an unlimited amendment period?
The recent release of a trio of tax guidance documents by the ATO addressing section 100A (TR 2022/D1, PCG 2022/D1 and TA 2022/1), has caused quite...
Section 100A and capital distributions: Deficiencies of the anti-avoidance provision
The recent release of a trio of tax guidance documents by the ATO addressing section 100A (TR 2022/D1, PCG 2022/D1 and TA 2022/1) has been described...
BREPI and an Equipment Leasing Company
We recently received a query from a client regarding whether a company that carried on an active business of leasing equipment ('Leasing Company')...
Taking another look at the Optical Superstore litigation
In June 2020, we took a look at an emerging payroll tax issue ('PRT') that resulted from the Optical Superstore litigation – you may wish to have a...
Are there limits on the Commissioner applying section 100A?
Are there limits on the Commissioner applying section 100A? Many accountants will be aware that the ATO plan to issue a draft tax ruling in relation...
