Client Alert - Explanatory Memorandum (October 2014)

Mining tax gone but watch for associated tax changes Following the speedy passage of the mining tax repeal legislation, on 9 September 2014 the Government announced that it will be recommending to the Governor-General that he proclaim 30 September…

Client Alert (October 2014)

Mining tax gone but watch for associated tax changes The mining tax has been repealed. However, in order to pass the legislation through the Senate, the Government made a deal with the Palmer United Party and Senator Muir to defer the abolition…

Client Alert - Explanatory Memorandum (September 2014)

Share transfer to family partnership ineffective The Administrative Appeals Tribunal (AAT) has dismissed applications from a married couple and found that they were each assessable on dividends of some $1.8 million that they did not return…

Client Alert (September 2014)

Share transfer to family partnership ineffective A husband and wife have been unsuccessful before the Administrative Appeals Tribunal (AAT) in arguing that they had transferred shares in a family company to a family partnership, and that therefore…

Client Alert - Explanatory Memorandum (July 2014)

Tax debt release on serious hardship grounds refused A taxpayer has been unsuccessful before the Administrative Appeals Tribunal (AAT) in seeking to be released from his tax liabilities under s 340-5 of Sch 1 of the Taxation Administration…

Client Alert (July 2014)

Tax debt release on serious hardship grounds refused In a recent case, the Administrative Appeals Tribunal (AAT) refused an individual's application to be released from his tax debt of $58,000 on the grounds of serious hardship. The AAT…

Tax Wise Individual News (November 2012)

ATO Compliance Program New Tax Rates – Residents and Non-Residents Household Assistance Package Tax Offsets SchoolKids Bonus Private Healthcare and Medicare Levy Surcharge changes Superannuation Are you an employee or contractor? Living…

Tax Wise Business News (November 2012)

Individual Income Tax Rates – Withholding Obligations Living Away From Home Allowance Company Loss Carry-Back Measure Refunding Excess GST Tax and GST Compliance for SMEs Small business benchmarks Planning to sell your business? Proof…

Tax Wise Individual News (June 2012)

30 June is around the corner Medicare levy low income thresholds Private health insurance rebate and Medicare levy surcharge changes Tax offset changes from 1 July 2012 Living-away-from-home allowance changes Small business changes…

Tax Wise Business News (June 2012)

30 June is around the corner Tax Changes affecting Small businesses CGT Changes Changes to the timing of Trust resolutions Living-Away-From-Home Allowance changes Superannuation Changes Self-Assessment for Indirect Taxes Anti-Avoidance…