Tax News & Articles

There are a number of benefits to taking out a life insurance policy via an industry superannuation fund. These include a default level of coverage

Recent press coverage suggests the ATO may be concerned some employers may have overlooked changes to the cents per KM business travel rules. Effective 1

Soon after the introduction of the GST regime the Australian Taxation Office (‘ATO’) issued a GST Fact Sheet titled ‘Correcting GST Mistakes’. This Fact Sheet

Most, if not all, accountants in practice have prepared an objection for a client. Sometimes it is a one-page letter requesting a change that the

Issue A taxpayer that migrated to Australia several years ago has recently turned 60 and wishes to “cash out” their foreign superannuation account and repatriate

Issue You are a small business entity (“SBE”). You have been offered an opportunity to sell equipment you currently own to a financier who could

A transaction type that we regularly receive queries on is whether land purchased GST-free (either on a going concern basis or under specific rules related

Most employers understand that the provision of a benefit to an employee will often result in fringe benefits tax being payable unless the benefit is

Foreign purchaser (stamp) duty surcharge commenced in Victoria on 1 July 2015. It impacts not only on conventional residential property purchases but also filters into

Issue A company is owned as follows: Individual A 25% Individual B 25% Individual C 40% Discretionary Trust A 10% None of the individuals are