Client Alert Explanatory Memorandum (December 2016)
Contrived trust arrangements in ATO sights
On 17 November 2016 the ATO released Taxpayer Alert TA 2016/12, which deals with trust income reduction arrangements that are under review. The ATO says the arrangements appear designed to exploit…
Client Alert (December 2016)
Contrived trust arrangements in ATO sights
The ATO has cautioned taxpayers against arrangements that seek to minimize tax by creating artificial differences between the taxable net income and distributable income of closely held trusts. Deputy…
MYOB'S ONLINE RECOVERY ACT
MYOB'S JOHN MOSS IS FIGHTING TO SOLVE A CLASSIC STRATEGIC CHALLENGE: HOW A POWERFUL INCUMBENT CAN RESPOND TO INNOVATIVE NEW COMPETITORS.
Australia's SME accounting software market is one of the most competitive software spaces in the world.…