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.
In this week’s edition of ‘It depends’, lawyer Elise Emmerson talks about the distinction between employees and contractors.
Over the past year, the world has seen the prices of many cryptocurrencies fall sharply. This has resulted in investors, traders and businesses crystallising losses or having unrealised losses on their books.
In this episode of TaxLand, Fletch and Sarah journey through the ATO’s new draft tax determination and PCG in relation to whether amounts of trust capital distributed to Australian resident beneficiaries are subject to section 99B.
In this episode of TaxLand, join Fletch and Sarah for front-row seats to the Federal Court’s decision in Quy v Commissioner of Taxation (No 3) [2024] FCA 726. They look at questions of law that may arise when determining a taxpayer’s residency under the ordinary concepts test and domicile test.
We have recently seen a surge of unhappy cases where Australian residents inherit or receive gifts from overseas relatives, and those amounts have been taxed under section 99B of the Income Tax Assessment Act 1936.
The Federal Court’s recent decision in JMC Pty Ltd v Commissioner of Taxation [2022] FCA 750, should be sounding the alarm on the risk of potential ATO audit activity for any business engaging contractors as sole traders.
In this episode of TaxLand with Fletch and Sarah, we are honoured to welcome special guest Michael May, barrister from Level 27 Chambers. We delve into the ATO’s PCG 2021/4 compliance approach to profit allocations in professional firms and Michael shares his expert perspective on Part IVA following the Full Federal Court’s decision in Minerva Financial Group Pty Ltd v Commissioner of Taxation – all set in a world where chocolate Labradors and aliens coexist.
In this edition of ‘It depends’, graduate Declan Cawley talks about PSI rules: what they are, whom they apply to and the things you need to consider.
In this episode of TaxLand, Fletch and Sarah talk about the recent decision in Loan Market Group Pty Ltd v Chief Commissioner of State Revenue [2024] NSWSC 390 that dealt with the relevant contract provisions in the context of mortgage brokers. We also look at what consequences that may have for medical practices.
In this episode of TaxLand with Fletch and Sarah, we travel through the rocky terrain of what constitutes an ‘ordinary family or commercial dealing’ and five negatives in section 100A. Are your distributions to adult children at university or retired grandparents going to stand up to scrutiny?
In this episode of TaxLand, Fletch and Sarah talk about the tax consequences of Fletch’s dream to live and work in Italy and the effect that the move could have on his hypothetical assets and interests in oddly successful start-up ventures. Travel to TaxLand with us to learn more.