From 1 July 2017, banks are required to collect information from customers that are non-residents. Banks will share the information with the ATO, who will then share it with tax ...
From 1 July 2017, banks are required to collect information from customers that are non-residents. Banks will share the information with the ATO, who will then share it with tax authorities in other countries that have signed up to the Common Reporting Standard (CRS).
Discretionary trusts can produce nightmarish consequences for creating payroll tax groups.
State revenue authorities have been raising payroll tax assessments for subcontracting arrangements – by using the broad scope of the employment agent provisions.
An unexpected measure in the 2017 Budget is that, as from 1 July 2018, purchasers of new residential properties or land in new subdivisions will be required to collect and remit GST to the ATO when
Developers can benefit under the GST margin scheme where adjacent properties are acquired and consolidated into a single development lot. This is often the case where the developed lots are sold under a community titles scheme.
With the start date for the 2016 Budget changes to super almost upon us, have you turned your mind to the estate planning consequences of the actions you are about to take?
Taxpayers often negotiate with the ATO to defer recovering a tax debt while they object to the substantive tax and penalty issues in dispute.
Recent decisions in the Full Federal Court and Administrative Appeals Tribunal highlight the rules for taxpayers challenging assessments issued following a finding of ‘fraud’ or ‘evasion’.
The ATO has recently released two draft tax determinations – TD 2016/D4 and TD 2016/D5. We expect these will underpin further audit activity around capital distributions from foreign trusts.
A recent decision of the Supreme Court of Victoria highlights the cost of not carefully drafting a GST clause – 1/11th of the purchase price to be exact. The case also illustrates the difficulties in using standard form contracts in slightly unusual circumstances.
Clinton Jackson, partner in Cooper Grace Ward’s commercial team, recently took part in an interview for 4BC’s Brisbane Live show, discussing issues surrounding going into business with friends and family.
A Supreme Court of Queensland decision has highlighted the broad scope of payments that are subject to payroll tax – and the importance of getting the documentation right.
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.