Research and Know-How Fool’s Gold: GST and Precious Metals Fraud March 3, 2023 It has been two years since ACN 154 520 199 Pty Ltd (in liq) v Federal Commissioner of Taxation (2020) 282 FCR 455; [2020] FCAFC 190 (EBS & Associates) and… Read more
Tax Legislation The clock is ticking: apply now for your Director ID November 16, 2022 If you are a director appointed under the Corporations Act 2001 on or before 31 October 2021, you must apply for a Director ID by 30 November 2022. Read more
Accounting October 2022 Federal Budget Report: Powered by Weekly Tax Bulletin October 26, 2022 Unpack all the detail of the October 2022 Federal Budget in this free report, powered by Weekly Tax Bulletin. Download your copy now. Read more
Research and Commentary 2021 Budget snapshot May 24, 2021 This year’s Budget was dominated by spending measures directed toward social programs, with only a few, very specific, tax changes. Read more
SMSF Downsizer in-specie contributions confirmed by ATO May 5, 2021 The ATO has confirmed to the SMSF Association that an individual can make a downsizer super contribution as an in-specie (ie non-cash) contribution, provided that the other eligibility criteria are satisfied. Read more
Practice and Advisory Casual employment reforms passed in pared-back Fair Work Amendment Act April 7, 2021 The Federal Government passed legislation on 22 March 2021, amending the Fair Work Act 2009 specifically in relation to casual employment. Read more
ATO Practical compliance guidelines for employee travel: Practically perfect? April 7, 2021 This article considers whether the ATO’s Practical compliance guideline for employee travel is the silver bullet employers were seeking. Read more
SMSF Release authorities and SMSF Rollovers: ATO instrument released April 7, 2021 The ATO released the Superannuation Data and Payment Standards (Release Authorities, and SMSF Rollovers) Amendment 2021 on 29 March 2021. Read more
ATO Voluntary JobKeeper repayments – deductible? The ATO response April 7, 2021 In response to the decision by some prominent Australian businesses to return their JobKeeper payments, the ATO says that a voluntary repayment will be deductible “in limited circumstances”. Read more
ATO Decision in asset betterment case sent back to AAT: Le v FCT April 7, 2021 The Federal Court has held that the AAT should hear again a case involving assets betterment assessments. Read more