Philanthropy is a highly desirable trait in any society. Making gifts of money or goods to charities is a very worthwhile thing to do. One n…
Philanthropy is a highly desirable trait in any society. Making gifts of money or goods to charities is a very worthwhile thing to do. One n…
Businesses are being urged to quickly throw together some proof they have installed any plant or equipment purchased under the Federal Gover…
So-called sham contracting arrangements – essentially where (usually young) employees are classified as independent contractors instead of e…
It has taken the Australian Taxation Office 12 months to come to the same conclusion about the structure TPG used to shift the $1.5 billion …
Many families, including those of SME owners, receive Family Tax Benefit (FTB). It is divided into FTB Part A and FTB Part B. As with many s…
Entrepreneurs must ensure they distinguish a business from an income-earning hobby or risk tax evasion penalties, the Australian Tax Office …
Critics of Industry Minister Kim Carr’s R&D tax credit scheme have called for the Government to submit the bill to another review, after…
Self-managed super funds (SMSFs) have grown spectacularly in recent years and that growth seems to be continuing. However, the key regulator…
The cash economy has been a major focus of the ATO for years – and a major focus for tax administrations in other countries as well. Austr…
Certain portions of employment termination payments are tax-free. These include what are known as the “invalidity segment” of such payments,…
Businesses are warned to constantly keep track of their GST affairs or risk being audited, with the tax office releasing a checklist to remi…
Employing a family member in a business, or in an activity that generates taxable income (like owning a rental property), is not uncommon. B…
