Tax News & Articles

The ATO have released updated and expanded guidelines to their risk classification matrix for professional practices, and specifically about how much of the profits arising

Issue An Australian resident taxpayer has started increasing its sales to international customers, mainly across Asia. Should the taxpayer set up a company offshore? Basic

It is common for tenants to be responsible for fit out costs for leased premises. Common law considers anything that is properly affixed to the

True or false: If the “foreign income tax” paid in a financial year by a taxpayer is less than $1,000, they are automatically entitled to

From the outset there is no mischief with a discretionary trust distributing to a beneficiary that is a private company, provided of course, that the

Issue A taxpayer has applied the margin scheme when selling a vacant block of land. The Taxpayer is about to lodge the BAS and wants

An organisation contacts you to discuss its Pay-roll Tax (‘PRT’) status. The organisation is a not-for-profit and has objects that qualify it as a charitable

Many Australian investors have acquired real estate investments in the United States in recent years and in most cases they have been advised to do

On 10 June 2015, the Commissioner of Taxation issued Draft Taxation Ruling TR 2015/D2 (“TR 2015/D2”). The draft ruling explains the Commissioner’s preliminary views on

This is the first of what could be many Assessments on the newly proposed GST on digital downloads. It is important to realise the significance