Federal Budget 2023-24 – A Snapshot
The Albanese Government has handed down its second Federal Budget which contains a range of measures. This is a snapshot of the more relevant tax and superannuation related measures.
The Albanese Government has handed down its second Federal Budget which contains a range of measures. This is a snapshot of the more relevant tax and superannuation related measures.
Most practitioners agree that the rules for access to the SBCGT concessions are inherently complex. This article seeks to explore some of these complexities, specifically satisfying the significant individual requirement and the importance of timing where passively held assets are used in a business of a connected entity.
The reopening of borders has resulted in an increase in people choosing to move overseas. It is, therefore, timely to revisit some of the income tax implications of such a move. In this article, we provide practical examples of doing so.
These are some of the quirks or myths of GST often hear from clients seeking to apply either the going concern or farmland exemption to transactions. In this article, we aim to clear up all the confusion around these issues.
Income tax matters are often a consideration when your client is preparing their will. However, there is a possible tax risk in relation to the choice of executor which can easily be overlooked.
The NSW government has recently announced the removal of surcharge provisions for foreign persons from New Zealand, Finland, Germany and South Africa. What does it mean and who is affected?
It is becoming increasingly complex for trustees of discretionary trusts to navigate the tax landscape with regard to trust fund distributions. A trustee must deliberate the risk of the anti-avoidance provisions applying i.e., section 100A and the general anti avoidance provisions in Part IVA of the ITAA 1936.
Distributions from discretionary trusts are under increasing scrutiny from the ATO. This article highlights some recent s.100A developments and practical ways of managing the s.100A risk.
The Australian Taxation Office (ATO) has recently updated its guidance on the employee v contractor classification following several High Court decisions. Read on for our summary of what this means for you and your clients.
Late last year, Queensland Revenue Office issued PTAQ 000.6.1 ‘Relevant contracts – medical centres’. As the underlying law is similar across Australia (save for Western Australia) the Queensland Revenue ruling also warrants attention elsewhere.
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