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A very curious GST Change – Purchasers of new residential properties to remit GST!
In the May 2017 Budget announcements, the Federal Government proposes that from 1 July 2018 purchasers of newly constructed residential properties...
Foreign Resident Capital Gains Withholding Tax – First Birthday Greetings, and the precocious infant is already grasping for more
As we approach the first anniversary of Foreign Resident Capital Gains Withholding (FRCGW) Tax, the Federal Treasurer has provided an impetus to the...
ATO website information – don’t take it as gospel!
Tax agents often rely on the ATO website in making decisions instead of referring to the tax law itself. This is not always enough to get things...
The Uber Implications – “Did anyone send for a ‘taxus’?”
The Federal Court has held that provision of transport by an 'uberX Partner' (i.e. an Uber driver) to an 'uberX Rider' (i.e. the passenger) was the...
Phantom Plans – an alternate remuneration incentive
Every business needs a strategic rewarding system to attract, motivate and retain staff. Shares and options plans are common long term remuneration...
Carrying on an enterprise in Australia: For GST? Under a DTA?
It seems that it’s becoming relatively easier for many businesses (increasingly smaller businesses) to transact with customers all over the world....
Disability benefits contrasted to life insurance in Super
The complicated tax treatment of superannuation benefits that include a life insurance payout was discussed in an article in the February 2016...
Will FBT apply if an employer car is gifted to a retiring employee?
Jack, a long serving employee is retiring and upon his departure his employer decides to provide him with ownership of a car from the fleet. The car...
Do your clients have an indeterminate right under their ESS? If so, a tax saving may be available
The discount provided to an employee for the issue of shares, or rights to shares is generally assessable to that employee under the employee share...
GST and Reimbursement of Expenses
It is reasonably common for consultants and contractors providing services to seek reimbursement for costs, such as travel expenses, in addition to...
