In this edition of ‘It depends’, partner Fletch Heinemann talks about employer’s obligations to contribute compulsory superannuation, and in particular the concept of ordinary time earnings.
There has been a lot of discussion about how non-arm’s length income (NALI) and non-arm’s length expenditure (NALE) apply to self-managed superannuation funds
The story of Greensill’s capital gains is not a happy one. But there are important lessons for advisers acting for trusts that distribute capital gains to non-resident beneficiaries.
The Federal Government has recently announced reforms to the regulation of not-for-profit entities that self-assess as income tax exempt.
In this week’s edition of ‘It depends’, partner Fletch Heinemann talks about the proposed changes to tax residency rules for individuals.
Eagle-eyed observers may have seen the Government’s budget night promise to replace the current individual tax residency rules with a ‘new, modernised framework’.
In this week’s edition of ‘It depends’, senior associate Steven Jell talks about primary beneficiaries of discretionary trusts.
In this week’s edition of ‘It depends’, partner Scott Hay-Bartlem talks about the trustee member rules for self managed super funds (SMSFs).
Whether an individual is an employee or contractor continues to cause disputes.
The ATO will conduct ‘streamlined assurance reviews’ to make sure that groups in the ‘Next 5000’ have paid the correct amount of tax.
We have recently seen a surge in payroll tax audit activity as the state revenue authorities have received data from other sources, including the ATO and ASIC.
The recent Victorian decision of Re Owies Family Trust reinforces the importance of checking variation powers in trust deeds and ensuring they are wide enough.