Not all trust, company and self-managed superannuation fund (SMSF) documents are identical. It is important to make sure that you use the correct documents for your legal situation, and ensure…
Read more
Pandora Papers released: ATO to investigate for Australian links
The ATO is investigating details of offshore tax planning activities contained in the so-called “Pandora Papers” released by the ICIJ.
Read more
How corporate tax leaders are justifying ROI in the Asia-Pacific
As a tax function, your business now expects more of you than timely filings and returns, and you need the right tools to meet those new demands.
Read more
Cryptocurrency taxation myths: time for a reality check
Cryptocurrency is no longer confined to the fringe of organised crime and tech companies. The age of ‘digital currency’ has well and truly arrived and many Australians have taken to investing in crypto. Tax myths abound and not surprisingly, regulators worldwide, including the ATO, are on the case.
Read more
Section 100A: why so much attention?
One of the areas of particular interest to the ATO is s 100 of the ITAA 1936. This article looks at what s 100 is, why it has garnered significant attention in recent years, and respective guidance for tax advisors.
Read more
Voluntary JobKeeper repayments – deductible? The ATO response
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
Decision in asset betterment case sent back to AAT: Le v FCT
The Federal Court has held that the AAT should hear again a case involving assets betterment assessments.
Read more
Moving away from spreadsheets: 3 ways to automate your tax process
Keep using spreadsheets? Sure, they have their place, but it’s more for certain types of tasks, not necessarily for everything that you’re trying to do.
Read more
Inside AML: How Australia’s banks joined forces to break open a “cuckoo smurfing” syndicate
Australia’s world-leading Fintel Alliance has secured a major win in the fight against organised financial crime, after teaming up with state police for a “week of action” on cuckoo smurfing.
Read more
Canberra lawyer and accountant charged with facilitating organised crime
The Australian Federal Police have reported that two men and a woman have been arrested for allegedly being professional facilitators of organised crime in Canberra.
Read more