Tax News & Articles

Your client’s trading trust made a capital gain and that capital gain qualifies for the small business CGT concessions. The trading trust will apply the

In this video Webb Martin Consulting Director, Graeme Prowse talks through the considerations of succession planning and the often overlooked associated costs and implications with

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