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 [...]
New Passive Income Test For Lower Corporate Tax Rate
The Federal Government has recently introduced a Bill into Parliament to ensure that companies with [...]
Consultation Paper: Combating Phoenix Activities
The Federal Government has released a consultation paper proposing company and tax law reforms to [...]
Superannuation Guarantee
Crackdown on employer non-compliance The Government has announced a package of reforms to give the [...]
New Financial And Superannuation Complaints Authority
Legislation has now been introduced to establish a new external dispute resolution framework and an [...]