Income that is NALI is taxed to the SMSF at the top marginal tax rate rather than the usual concessional rates, so having additional amounts deemed to be NALI can result in a significant increase in tax for an SMSF.
In this edition of ‘It depends’, lawyer Jack Colley talks about director penalty notices (DPNs). Jack explains what DPNs are, the difference between lockdown and non-lockdown DPNs and what your options are if you receive one from the ATO.
In this edition of ‘It depends’, partner Sarah Lancaster talks about whether company directors can be liable for the company’s tax debts.
In this edition of ‘It depends’, associate Elise Emmerson talks about the Queensland payroll tax amnesty.
Correctly distinguishing between employees and contractors is critical for businesses, with significant consequences for incorrectly applying the law. The case law has developed rapidly in this space in the last couple of years. Those cases provide some helpful lessons for businesses seeking to reduce their risks when contracting with sole traders.
In this special extended edition of It depends, partners Scott Hay-Bartlem and Clinton Jackson talk about the proposed tax on super balances over $3 million.
In this edition of ‘It depends’, partner Sarah Lancaster talks about whether Part IVA can apply to trust distributions.
Revenue NSW has confirmed that its foreign land tax and duty surcharge provisions are inconsistent with Australia’s tax treaties with New Zealand, Finland, Germany and South Africa. Refunds may be available for property acquirers and landowners who have previously paid NSW surcharge duty or surcharge land tax.
The Queensland Revenue Office (QRO) is calling for medical centres who contract with general practitioners (GPs) to complete an expression of interest form by 30 June 2023 if they want to apply for an amnesty in respect of any payroll tax liabilities on payments made to GPs between the 2018 and 2025 income years.
While marriage is a well-established consensual legal process, whether two people are in a de facto relationship can be far more complicated. The case of Jones & Michetti, where the applicant alleged she was in two de facto relationships at the same time, is an example of this confusion.
Recent High Court decisions on whether workers were employees or contractors have prompted the ATO to release a new draft ruling and guideline.
Join us for a coffee chat with private client partners Fletch Heinemann and Scott Hay-Bartlem as we delve into Fletch’s background, explore his life outside CGW, and discuss what gets him excited about his work in this candid conversation.