The Queensland payroll tax legislation was amended from 1 July 2008. The purpose was to harmonise Queensland’s legislation with other states. However, the effect was that Queensland adopted some of ...
The Queensland payroll tax legislation was amended from 1 July 2008. The purpose was to harmonise Queensland’s legislation with other states. However, the effect was that Queensland adopted some of the harsher payroll tax rules already existing in New South Wales and Victoria.
The decision in SNF (Australia) Pty Ltd v. Commissioner of Taxation [2010] FCA 635 is good news for Australian businesses with international operations. It is the first Federal Court decision handed down on substantive transfer pricing issues.
Recent amendments to the Commonwealth’s taxation legislation have significantly changed the regime relating to the ATO’s power to issue director penalty notices (DPN) to a director of a company.
Transport companies need to ensure they are correctly paying GST when they receive any form of government rebate. Not all government payments will attract GST.
On 26 May the Government introduced the Superannuation Industry (Supervision) Amendment Bill 2010 into Parliament to replace the current borrowing exception in section 67(4A) with new sections 67A and 67B.
Traditionally, non-profit organisations that promote the change of government law or policy have struggled to qualify for charitable tax concessions. That may be set to change with the High Court of Australia’s grant of special leave to appeal in the case of Aid/Watch Incorporated v Commissioner of Taxation [2010] HCATrans
For some time now the ATO has provided guidance in a public ruling and booklet as to what it views as an acceptable level of service fees for medical practitioners.
Cooper Grace Ward has recently received a favourable private ruling from the ATO in relation to a substantial land subdivision.
A recent decision of the Full Federal Court provides a reminder to draft contracts carefully to avoid any unintended consequences.
The Tax Office has recently released a draft Self Managed Superannuation Fund Determination (SMSFD 2009/D1) outlining the Commissioner’s view that the acquisition of a trauma insurance policy by the trustee of a self managed superannuation fund (SMSF) does not necessarily result in a contravention of the sole purpose test.
The Tax Acts have long treated dividends paid from private companies to the trustees of superannuation funds as “special income”, which means they are taxed at the top marginal tax rate rather than the normal concessional rates for superannuation funds.
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.