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
US citizens in Australia and Australian residents with US bank accounts and investments are a focus of information sharing activities between the ATO in Australia
We are often asked how to obtain a tax invoice when using a booking website. In this article we will use the simple example of
