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When you first start a business, often the only person prepared to lend to you is yourself. It is, therefore tempting to loan money from the business to fund your personal expenses. Any loan from a private company to a shareholder of that company,..
Business partner conflicts are commonplace. The critical thing is how they are managed to a satisfactory resolution.
The ATO is data matching with information from 30 insurers to support the profiling of selected taxpayers. They are targeting lifestyle assets that have not been disclosed in tax returns over the last five years.
In November 2019, a judgement was made in favour of the ATO by the Administrative Appeals Tribunal of Australia in the case of Reid and the Commissioner of Taxation. It reinforced the importance of ensuring that expense claims are substantiated and..
On 12 December 2019, a law change means non-residents can no longer claim the Capital Gains Tax (CGT) main residence exemption unless, when a CGT event happens to their residential property in Australia, you were a foreign resident for tax purposes..
Employees with multiple employers can now opt-out of the superannuation guarantee from all but one employer.
Employers are required to pay 9.5% superannuation guarantee for all eligible employees. But what happens if you are an employee with..
If you have a small property development project in mind, there are some essential factors to consider before purchasing that dream block. A range of taxes, duties and other unexpected costs can quickly add up.
Do you earn income overseas? A recent case highlights why you might pay more tax than you thought on foreign income.
In this case study we explore how implementing the right systems to streamline and automate their manual processes created much needed capacity for these family business owners, allowing them to take a well earned holiday!
