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The ATO is watching out for taxpayers attempting to avoid or evade tax on their foreign assessable income by disguising amounts as gifts or loans from a related overseas entity. This increased ATO attention has come about with the proposed changes..
Directors are now required to register for a unique identification number that they will keep for life.
Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. When you die, it does not automatically form part of your estate but instead, is paid to your eligible beneficiaries by the fund trustee..
A State-by-State breakdown of how COVID-19 support will roll back as states and territories reach vaccination targets.
New legislation will help prevent superannuation assets from being hidden during divorce proceedings.
Australia is currently on track to fully vaccinate the eligible population of 20.62 million adults in December 2021.
The ATO has recently issued a reminder that capital gains tax does apply to crypto-asset gains or losses.
The support available to individuals and business has been constantly evolving and changing. Here’s a summary of where support stands around the country.
Support is available for businesses and individuals if you are impacted by the Victorian lockdowns.
If your business has been adversely impacted by the recent lockdown in NSW, support is available.
