AUSTRAC collects and shares financial data with the ATO. The ATO uses this data to identify individuals who may not be declaring all of their income. Taxpayers should expect the ...
AUSTRAC collects and shares financial data with the ATO. The ATO uses this data to identify individuals who may not be declaring all of their income. Taxpayers should expect the ATO to review funds coming into Australia – regardless of the amounts – and be prepared to explain the source
Medical and allied health industry businesses using service entities must check their service entity arrangements comply with payroll tax laws.
The Doyles listing showcases firms who practise taxation advisory and dispute matters in the Queensland legal market who have been nominated by clients and peers for their expertise and knowledge in this area.
The commercial debt forgiveness rules are designed to cancel out any ‘gain’ that a person makes when a commercial debt that they owe is forgiven.
On 24 May 2018, the Government first introduced a 12-month superannuation guarantee amnesty. The relevant Bill failed to pass the Senate and then lapsed when the federal election was called on 11 April 2019.
The High Court has refused to grant the ATO special leave to appeal the Full Federal Court’s decision in Harding v Commissioner of Taxation [2019] FCAFC 29. The effect is that the Full Federal Court decision stands.
An Australian tax resident who receives a distribution of capital from a foreign trust must include the amount of the capital distribution in their assessable income.
Employers have many tax and superannuation obligations when it comes to their employees. While there is a common law test for whether someone is an ‘employee’, different legislation expands the ordinary meaning to deem particular individuals to be employees when they are not. This can create significant problems where employers
Employers need to be careful of a couple of traps where their employees are working overtime.
A person may be a tax resident of Australia even if they are not residing in Australia. This includes where the person’s domicile is in Australia, and they do not have a ‘permanent place of abode’ outside Australia.
Determining whether a company is a tax resident of Australia has become more complicated… again.
Following the April 2019 budget, the ATO looks set to secure an additional $1 billion in funding to tackle tax avoidance. We have recently seen the ATO move its audit activity towards arrangements that many advisers consider to be sensible commercial tax planning rather than tax avoidance.
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.