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.
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.
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