We have written about SMSFs providing rent relief to related parties, the issues involved, and the ATO’s ‘no action’ position. The ATO is now releasing its expectations of what auditors ...
We have written about SMSFs providing rent relief to related parties, the issues involved, and the ATO’s ‘no action’ position. The ATO is now releasing its expectations of what auditors must do.
The Family Court and the Federal Circuit Court have established a ‘COVID-19 list’ for urgent family law matters arising from the impact of coronavirus.
‘He/she has gone to Thailand, transferred our investment property to a friend/family member and withdrawn $100,000 from the joint bank account.’
The ramifications of COVID-19 are being felt by businesses, and not-for-profits and charities are no exception. Key changes and considerations for not-for-profits and charities are outlined in this article.
On 24 April 2020, the Treasurer announced that new rules will be introduced for the ‘decline in turnover’ test. The effect of one of these rules is that service entities, which may not suffer the necessary decline in turnover in their own right, may now become eligible for JobKeeper payments.
In February 2019, the decision of Re Marsella; Marsella v Wareham (No 2) [2019] VSC 65, provided some food for thought for trustees paying death benefits from self-managed superannuation funds
There are strict signing rules for Wills, enduring powers of attorney and many other documents. With self-isolation rules in force, it can be difficult to comply with signing rules at the moment.
Throughout the COVID-19 crisis, a large volume of changes and decisions have been made to support both employers and employees including the introduction of the JobKeeper legislation flexibilities and changes to various modern awards.
The ATO has now clarified two aspects of its no action position for SMSF landlords providing rent relief to related party tenants because of COVID-19.
Mr and Mrs Mabb were married for around 12 years. During their marriage, Mr Mabb’s parents transferred 60 acres of land to them jointly.
The ATO has finally published guidance on what relief a related party lender can provide an SMSF in relation to the repayment of related party loans.
The JobKeeper scheme and consequential changes to the Fair Work Act 2009 (Cth) have come into effect.
Cooper Grace Ward acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
Fast, accurate and flexible entities including companies, self-managed superannuation funds and trusts.