Use of the small business capital gains tax (SB CGT) concessions in Division 152 of the Income Tax Assessment Act 1997 (ITAA 1997) is a
Just about every payroll officer in the country should already know that employer superannuation contributions must be paid quarterly so that the employer has no
At the end of each financial year it is worth clarifying the rules that relate to assets acquired during the year. Which acquisitions will qualify
It is common knowledge that the new measure to impose a non-final withholding tax in relation to dealings with certain Australian assets by foreign residents
ATO extends cut-off date to comply with voluntary safe harbour rules to 31 January 2017 but how reliable is PCG 2016/5 anyway? A chronology of
Australia’s tax rules provide generous concessions and exemptions for individuals who are classed as a ‘temporary resident’ for income tax purposes. A ‘temporary resident’ is
For a long time now, there has been uncertainty in the classification of in-specie contributions of business real property to super funds relating to capital
Recent ATO pronouncements by way of Practical Compliance Guidelines (PCGs) will be of interest to businesses that claim Fuel Tax Credits. In particular the ATO
The recent decision of Metricon Qld Pty Limited v Chief Commissioner of State Revenue (No. 2) provides an important clarification of the circumstances in which
One of the general housekeeping matters as part of financial year end tax planning is reviewing debtors to determine whether there are any bad debts.
