Maximising Deductions
Business taxpayers Taxpayers should review all outstanding debts before year-end to identify any debtors who [...]
Deferring Assessable Income
Income received in advance of services being provided is generally not assessable until the services [...]
Tax Planning
There are many ways in which entities can defer income, maximise deductions and take advantage [...]
Tax Law Changes To Treatment Of Earnouts
The Government has recently amended the tax law concerning the capital gains tax (CGT) treatment [...]
Small Business Restructures Made Easier
The Government has made changes to the tax law to provide tax relief for small [...]
Individual Not A Share Trader
The Administrative Appeals Tribunal (AAT) has found that a taxpayer (a childcare worker) was not [...]
Market Value Of Shares Is Not The Selling Price
The Administrative Appeals Tribunal (AAT) has ruled that the “market value” of a parcel of [...]
ATO Data-matching For Insured “Lifestyle” Assets
In January 2016, the ATO advised it was working with insurance providers to identify policy [...]
Overseas Student Debts: Repayment Thresholds
From 1 July 2017, anyone with a Higher Education Loan Programme (HELP) or Trade Support [...]
Deadline Looming For SMSF Collectables Compliance
The ATO has reminded trustees of self managed super funds (SMSFs) that if they have [...]