We would like to provide an end of year summary regarding various tax issues that have being simmering along over recent years. All of these issues have been evolving for several years and are of widespread application.
Given the ATO’s increasing use of data and analytics as an administrative and law enforcement tool, there is certainly a risk of taxpayers being subject to ATO compliance activities. This article considers the standard of proof required in the context of default assessment.
Webb Martin Consulting is excited to welcome Kerry Hicks on board as principal. Kerry is a qualified CA and Chartered Tax Adviser (CTA) with over 20 years’ experience in the industry.
Residency is a key concept for Australian tax purposes. It determines whether a person is subject to tax in Australia, and what income is subject to tax. A resident of Australia is subject to tax on income from all sources worldwide. In this article, we have set out some of the key comments made in the draft ruling.
The use of the small business restructure rollover may have impacts such as resetting the clock in respect of the 15-year exemption, or making the active asset test much harder to pass. In this article we highlight some issues to watch out for.
Webb Martin Consulting is excited to announce that Neil Jones will be joining us as a consultant. Neil brings with him a wealth of experience with over 40 years in the tax industry. Having Neil on board provides us with added depth and experience to draw from when advising clients.
The Victorian government announced a new program, granting eligible applicants $2,000 to cover the cost of seeking legal or financial advice.
The Government recently announced a proposal that may provide FBT exemptions for electric vehicles. Read our latest article to learn more.
Read our article to learn the facts and impact of the Commissioner of Taxation v Sharpcan [2019] HCA 36 case.
As the 2022 financial year comes to a close, practitioners will be working closely with their clients to ensure they meet their income tax obligations. This article seeks to highlight some of the recent tax developments for consideration as practitioners finalise and implement their clients’ year end plans as well as some of the key changes that apply from 1 July 2022.
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