Topics: Tax disputes

In this episode of TaxLand, Fletch and Sarah take a trip down the Central Coast and through an old Bunnings Warehouse to look at whether the taxpayer’s activities of having a museum full of luxury cars available for sale means that they were no longer trading stock – with corresponding tax consequences! Travel to TaxLand with us (maybe via your nearest Ferrari dealer) to learn more.

In this episode of TaxLand, Fletch and Sarah catch up on the recent developments for tax agents, who now need to comply with the Tax Agent Services (Code of Professional Conduct) Determination 2024. They journey through the new provisions regarding how tax agents need to deal with false or misleading statements and consider whether Sarah’s support of the Brisbane Broncos might ‘substantially influence’ the decision of a client to engage Sarah for tax agent services… lucky she’s not a tax agent!

In this episode of TaxLand, Fletch and Sarah walk through the dark places of what happens when a taxpayer has a dispute with the Commissioner, and what the taxpayer needs to do to meet their burden of proof. Hint: they will need to show their amended assessments are excessive and what they should have been.

In this episode, Fletch and Sarah celebrate TaxLand’s 21st birthday by chatting about director penalty notices – when directors are personally liable for a company’s tax liability, when those amounts can be remitted and when a defence may apply. Travel to TaxLand with us to learn more.