Disclosing Business Tax Debt Information To Credit Agencies
The Federal Government has released draft legislation and a draft legislative instrument that, when passed, [...]
Tax Consequences Of Trust Vesting
The ATO has issued a long-awaited ruling on trust vesting, including changing a trust’s vesting [...]
Fringe Benefits Tax: Employees’ Private Use Of Vehicles
The ATO has issued guidance for employers on determining an employee’s private use of a [...]
Housing Affordability Measures Now Law
Legislation has been passed to implement the 2017–2018 Federal Budget housing affordability measures. The following [...]
ATO Guidelines: Profit Allocation Within Professional Firms
The ATO has become aware that its guidelines on Everett assignments and the allocation of [...]
Foreign Equity Distributions To Corporate Entities
Two recent taxation determinations from the ATO deal with how the foreign equity distribution rules [...]
Tax Treatment Of Long-term Construction Contracts
In new Draft Taxation Ruling TR 2017/D8, the ATO explains the methods that taxpayers can [...]
Fringe Benefits Tax: Should An Uber Be Treated As A Taxi?
Earlier in 2017, the Federal Court ruled that UberX drivers must be registered for GST, [...]
Total Superannuation Balances And Pension Transfer Balance Account Reports
The concept of a person’s “total superannuation balance” is now being used to determine whether [...]
ATO Guidance: What Is “Carrying On A Business”?
The ATO has issued a draft taxation ruling to explain the factors it will consider [...]