In December last year, the Financial Systems Inquiry recommended removing the ability of SMSF trustees to borrow to acquire assets using limited recourse borrowing arrangements. ...
In December last year, the Financial Systems Inquiry recommended removing the ability of SMSF trustees to borrow to acquire assets using limited recourse borrowing arrangements.
There has been controversy over the impact of low or no interest related party loans to self-managed superannuation funds (SMSFs) since the release last year of the ATO’s view that these loans can result in non-arm’s length income for SMSFs.
Recent amendments to the Income Tax Assessment Act 1997 mean that many companies can offer more tax effective incentives to their employees under an employee share scheme (ESS).
Rebecca Cruden, member of our commercial team, shares some insights into life at Cooper Grace Ward, her past experiences and predictions for the upcoming year.
Draft legislation (the Tax Laws Amendment (New Tax System for Managed Investment Schemes) Bill 2015) has been released to amend the public trading trust rules so they no longer apply to unit trusts where superannuation funds (including SMSFs) hold 20% or more of the issued units. These amendments will apply
It is common for the Commissioner of Taxation to issue a statutory demand against a company and express the debt as a single amount, being the total deficit debt stipulated on a Running Balance Account (RBA). No breakdown is provided in the statutory demand showing the actual composition of the
Commencing 1 July 2015 there will be an increase in the national minimum wage. Employers will need to be aware of the increased costs.
Do you transport passengers in your car through Uber? Do you use a website or app to rent out rooms through Airbnb? Do you provide other services through the ‘sharing economy’?
Credit providers should review their processes and procedures to make sure credit information is managed in line with their obligations under the Privacy Act.
Does your business have processes in place to handle data breaches? Have you considered the consequences for your business if the personal information you hold is hacked, inadvertently disclosed or stolen?
Does your business send personal information about individuals overseas? Are you aware of your obligations when doing so?
Linda Tapiolas, partner in our commercial team, shares some insights into life at Cooper Grace Ward, her past experiences and predictions for the upcoming year.
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.