Now and then the ATO issues warnings on how its general anti-avoidance legislation can apply to professional firms that allocate profits to individual professional practitioners with proprietorship in the firm.
The Tax Institute has called for an extension of the deadline for applying the CGT relief in respect to the segregated approach, amid concerns some SMSF trustees are at risk of missing out.
Below are four important financial terms. They are Transition to Retirement; Pension Phase; Allocated Pensions; and Estate Planning.
Several tax specialists and national mid-tiers have found clients are struggling to understand their rights and benefits associated with depreciation, ...
Home office expense claims are subject to the same general substantiation requirements as other deductions – that is, it is a requirement that records should be kept for at least five years.
As the new legislative changes to superannuation are rolled out, national law firm Gadens has flagged what key areas professionals will need to act on, with time already “running out” on certain items.
The ATO is urging accountants to inform clients that it is ramping up its data collection from financial institutions and online selling sites for use in its data-matching programs.
Accountants with SME clients should be urging them to recall the new deadlines for employees on working visas to ensure compliance.
Behavioural economist and psychologist Daniel Kahneman has begun 2017 by retaining his place near the top of The New York Times best-seller list, wedged among the latest John Grisham legal thriller, The Whistler, and the psychological thriller The girl on the train by Paula Hawkins.
All is not lost if you have a judgement against a debtor, but you know they have no assets.