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Qualifying as a Small Business Entity (SBE) enables an entity to access a range of tax, CGT and GST concessions that are not available to...

Congratulations to Brett & Liam who won Round 17’s Corporate Footy Tipping Comp with a score of  7 and a round margin of 16! In second place was – Jus...

Congratulations to The Bean Counters who won Round 17’s Accountants Footy Tipping Comp with a score of 7 and a round margin of 2! In second place was BIRDMAN with...

Congratulations to Demon Diehard who won Round 16’s Corporate Footy Tipping Comp with a score of  6 and a round margin of 37! In second place was Justin McGovern...

Congratulations to RCPetto who won Round 16’s Accountants Footy Tipping Comp with a score of 6 and a round margin of 9! In second place was Mel J with a...

Congratulations to The Bombres who won Round 15’s Corporate Footy Tipping Comp with a score of  5 and a round margin of 2! In second place was...

Congratulations to Graeme Pickrell who won Round 15’s Accountants Footy Tipping Comp with a score of 6 and a round margin of 3! In second place was The Bean...

Congratulations to Freo2Fold who won Round 14’s Corporate Footy Tipping Comp with a score of  6 and a round margin of 5! In second place was Justin...

Congratulations to The Bean Counters who won Round 14’s Accountants Footy Tipping Comp with a score of 5 and a round margin of 0! In second...

When the trust reimbursement agreement provision of section 100A of the Income Tax Assessment Act 1936 (ITAA36) was introduced in 1978 as a specific anti-avoidance...

Congratulations to George who won Round 13’s Corporate Footy Tipping Comp with a score of  6 and a round margin of 1! In second place was Tommy C with...

Congratulations to Sergio who won Round 13’s Accountants Footy Tipping Comp with a score of 6 and a round margin of 7! In second place was Anna Bananna with a...

Over the past few years the ATO has been reviewing trust distributions made, but remaining unpaid, to beneficiaries with different tax profiles to the primary...

As the end of financial year looms closer, now is the time to review residential property development projects and determine whether there has been a...

As published in our Summer 2018 QTB, the Government released a consultation paper in October 2018 on the proposed amendments to Division 7A of the...

Why? A written trustee resolution may be required because the terms of the trust deed often specify that the trustee must put in writing the...

Congratulations to Justin McGovern who won Round 12’s Corporate Footy Tipping Comp with a score of  5 and a round margin of 84! In second place was Demon Diehard with a...

Congratulations to Glenn Crosbie who won Round 12’s Accountants Footy Tipping Comp with a score of 6 and a round margin of 62! In second place was Ian Moffat with a score...

Congratulations to The Rav who won Round 11’s Corporate Footy Tipping Comp with a score of  8 and a round margin of 62! In second place was Ian Moffat with a...

Congratulations to Johnathon – Everest Accounting who won Round 11’s Accountants Footy Tipping Comp with a score of 8 and a round margin of 22! In second place was JamesM with a...

Congratulations to Nic who won Round 10’s Corporate Footy Tipping Comp with a score of  8 and a round margin of 7! In second place was Jamie with a score of 8...

Congratulations to IB who won Round 10’s Accountants Footy Tipping Comp with a score of 8 and a round margin of 2! In second place was Nic with a score of 8...

It is no secret that the rules on the various Capital Gains Tax (CGT) concessions and roll-overs are notoriously complex. However, in our experience, it...

In our July 2018 Tax Flash, we discussed a Tribunal case where the taxpayer was unsuccessful in arguing that (mostly vacant) land was an “active...

Congratulations to MandyB who won Round 9’s Corporate Footy Tipping Comp with a score of  9 and a round margin of 11! In second place was Aida T with a score...

Congratulations to Here for the Beer who won Round 9’s Accountants Footy Tipping Comp with a score of  9 and a round margin of 6! In second place was Michael Pudney with a...

The end of each financial year requires Accountants to consider their client’s Trusts and advise clients on distributions to be made to beneficiaries at year...

Congratulations to Dave Mc who won Round 8’s Corporate Footy Tipping Comp with a score of  8 and a round margin of 3! In second place was Jamie with a score...

Congratulations to IB who won Round 8’s Accountants Footy Tipping Comp with a score of  8 and a round margin of 9! In second place was Todd with a score of 7 and...

Congratulations to Ben B who won Round 7’s Corporate Footy Tipping Comp with a score of  8 and a round margin of 10! In second place was Rod W with a...

Congratulations to Big Dog who won Round 7’s Accountants Footy Tipping Comp with a score of  8 and a round margin of 22! In second place was Nick with a score of 8...

Support MKT Director Ben Reynolds on his mission to raise much needed funds for The Pirate Ship Foundation Ben has signed up with a team to hike...

Congratulations to Justin McGovern who won Round 6’s Corporate Footy Tipping Comp with a score of  9 and a round margin of 11! In second place was Mighty Hawk with a...

Congratulations to IB who won Round 6’s Accountants Footy Tipping Comp with a score of  9 and a round margin of 1! In second place was Justin McGovern with a score of 9...

Congratulations to Nic who won Round 5’s Corporate Footy Tipping Comp with a score of  7 and a round margin of 62! In second place was Terry Ball who also...

Congratulations to Nic who won Round 5’s Accountants Footy Tipping Comp with a score of  7 and a round margin of 62! In second place was George Young with a score...

Congratulations to Ben B who won Round 4’s Corporate Footy Tipping Comp with a score of  5 and a round margin of 7! In second place was Old East with a...

Congratulations to Johnathon – Everest Accounting who won Round 4’s Accountants Footy Tipping Comp with a score of 7 and a margin of 7! In second place was Andrew Counsel who had...

Congratulations to Courtney who won Round 3’s Corporate Footy Tipping Comp with a score of  7 and a round margin of 24! In second place was Geoff James with a...

Congratulations to Gary Day who won Round 3’s Accountants Footy Tipping Comp with a score of 7 and a margin of 1! In second place was The...

MKT have been working with a number of Remote Area employers and local governments recently to re-design their Remuneration Policies in order to take full...

Congratulations to The Bean Counters who won Round 2’s Accountants Footy Tipping Comp with a score of 6 and a round margin of 20! In second place was Gary Broomhall...

Congratulations to  Khaynes who won Round 2’s Corporate Footy Tipping Comp with a score of  7 and a round margin of 39! In second place was Dave...

Congratulations to Yeldep who won Round 1’s Accountants Footy Tipping Comp with a score of 6 and a round margin of 6! In second place was Jeffree...

Congratulations to Khaynes who won Round 1’s Corporate Footy Tipping Comp with a score of 6 and a round margin of 18! In second place...

Keeping your private group clients for the life of your firm: In public practice we have a wide variety of clients. There are those who...

Expat a Non-Resident – Permanent Place of Abode Outside Australia The Full Court in Harding v FCT [2019] FCAFC 29, Full Federal Court, Logan, Davies...

Tips and Traps in Working Out a Company’s Imputation Credits In our Spring 2018 Quarterly Tax Bulletin, we discussed the new rules on the reduced...

Trust Reimbursement Agreement – A Dark Cloud Looming? Section 100A of the Income Tax Assessment Act 1936 was introduced in 1979 as a specific anti-avoidance...

MKT’s 5th Annual PAN Member’s Conference will be held on Friday, 12 April 2019 at the UWA Club in Crawley. We have again assembled a...

In our October 2018 Tax Flash, we discussed a recent Federal Court case where a taxpayer unsuccessfully challenged the Commissioner of Taxation’s decision to deny...

The ATO’s recent activity in the GST space has been focussed on what they term “GST Streamlined Assurance Reviews”.  These are, in effect, comprehensive GST...

This is an important question for many contractors, because if the answer is “Yes”, the contractor can be limited in what deductions they claim and...

Legislation has recently been passed by Parliament that changes the rules for accessing the reduced corporate tax rate of 27.50% for the 2018 and subsequent...

As part of the recent Federal Budget the Government has stated that they are committed to amending the rules on loans from private companies in...

The new GST withholding rules for New Residential Premises are now law and will apply from 1 July 2018 on contracts entered into after this...

New legislation is now in place to deny deductions for residential property investors on travel expenses incurred in inspecting their residential rental properties and depreciation...

There is a common misunderstanding that the tax consolidation regime is for the “big end of town”. Whilst tax consolidation does feature in the tax...

MKT’S TOP 10 THINGS YOU NEED TO KNOW ABOUT THE 2018/19 FEDERAL BUDGET Last night the Government handed down the Federal Budget for the 2018-19...

Since 1 July 2017 once a member’s superannuation balance reaches $1.6 million they are unable to make any further Non-Concessional Contributions. Furthermore, the bring forward...

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