Thu Feb 24 2022
On 23 February 2022, the ATO released its long-awaited draft ruling and guidance on the application of anti-avoidance measures relating to trust distributions, and the related flow of funds.
Wed Feb 23 2022
The start of a new year often means setting New Year’s Resolutions, with improving finances one of the top goals for many. Should finding a new accountant and achieving greater financial peace of mind be one of your goals for 2022?
Last year we alerted you to the release of draft guidance by the Australian Tax Office (ATO) in respect of professionals. The ATO has now finalised their guidance and just before Christmas released Practical Compliance Guideline PCG 2021/4 which applies from 1 July 2022.
Even though nannies are domestic employees and payments of their wages and super are not deductible, it is important to pay them correctly according to Fair Work guidelines, as highlighted by a recent court case.
Sun Jan 16 2022
In this webinar, Murray Howlett and Angela Stavropoulos unpack the ruling by the Queensland Revenue Office (QRO) issued on 22 December 2022 and its implications for your medical business' payroll tax obligations.
Wed Dec 22 2021
Earlier this year we alerted you to the release of draft guidance by the Australian Tax Office (ATO) in respect of professionals. The ATO has now finalised their guidance and earlier this week released Practical Compliance Guideline PCG 2021/4 which applies from 1 July 2022.
Tue Dec 21 2021
When a company decides to list on the stock exchange, there are a number of requirements to address, often within tight timeframes, to ensure the prospectus is ready for release and the listing can proceed on the specified date.
Wed Dec 15 2021
During an Australian Tax Office (ATO) review or audit, the representative will request information regarding your group’s tax governance frameworks. Having these updated and well-documented helps the regulator gain comfort that the organisation is a good corporate citizen worthy of “justified trust”.
Tue Dec 14 2021
With the world’s ever-expanding data matching abilities, it’s important to be aware of the implications for you and your business. An increasing number of Government bodies and regulators are obtaining and processing mass data in an attempt to find gaps and tighten compliance.
If you own a commercial rental property, below is a checklist to assist you when gathering the information you need to prepare your tax return.
A common question we’re asked by our medical clients relates to the tax implications of a new car purchase. While the purchase of a car seems like a simple process, there are a number of different factors to consider. The Australian Taxation Office (ATO) defines a car as a motor vehicle designed to carry a load less than one tonne and fewer than 9 passengers. If the vehicle does not meet the above definition (for example it carries a load of more than one tonne), different rules may apply. For this article, we are referring to the definition of a car that has a loan of less than one tonne and fewer than 9 passengers.
The countdown to the Brisbane 2032 Games is on and businesses can get involved by preparing early. Opportunities will be available to businesses across all industries including infrastructure, event management, tourism, sporting clubs, retail, real estate and hospitality.
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