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Utilising Member Choice To Manage Member Returns At Different Stages Of Their Life

Utilising Member Choice To Manage Member Returns At Different Stages Of Their Life With the introduction of 6 member Superannuation Funds we have seen an...

Onus on Property Developer to prove GST Assessments Excessive

In a recent Administrative Review Tribunal (ART) case: ZKSM and FCT [2025] ARTA 1298, ART, Abood GM, 11 August 2025, a property developer failed to...

Tax Due Diligence

We continue to be instructed to advise on the tax implications of the sale and purchase of SME businesses, be that share sales or business...

Are you a Base Rate Entity? Is that always good?

As the old saying goes, cash is king. One way for companies to hold onto more cash is to qualify as a Base Rate Entity...

2025 MKT Corporate Footy Tipping – Round 24

Congratulations to our Round 24 winner BreeGreen84 with a weekly score of 11 and a margin of 8 and our runner up for this week...

2025 MKT Corporate Footy Tipping – Round 23

Congratulations to our Round 23 winner The Bombres with a weekly score of 8 and a margin of 9 and our runner up for this...

Managing Your Clients’ Trust

Managing Your Clients’ Trust The ATO continues to increase its compliance pressure on the Private Group segment. Having had to consider and deal with the...

2025 MKT Corporate Footy Tipping – Round 22

Congratulations to our Round 22 winner The Mailman with a weekly score of 8 and a margin of 54 (total score 142) and our runner...

2025 MKT Corporate Footy Tipping – Round 21

Congratulations to our Round 21 winner Samwright78 with a weekly score of 10 (83) and our runner up for this week Rod W02 with a...

2025 MKT Corporate Footy Tipping – Round 20

Congratulations to our Round 18 winner Sazzy82 with a weekly score of 10 (2) and our runner up for this week doddo$ with a score...

2025 MKT Corporate Footy Tipping – Round 19

Congratulations to our Round 18 winner The Bombres with a weekly score of 10 (4) and our runner up for this week BreeGreen84 with a...

2025 MKT Corporate Footy Tipping – Round 18

Congratulations to our Round 18 winner samwright78 with a weekly score of 8 (9) and our runner up for this week wille87 with a score...

2025 MKT Corporate Footy Tipping – Round 17

Congratulations to our Round 17 winner WCE25 with a weekly score of 10 (1) and our runner up for this week Speeecial with a score...

2025 MKT Corporate Footy Tipping – Round 16

Congratulations to our Round 16 winner LGD007 with a weekly score of 8 (23) and total score 90 , and our runner up for this...

2025 MKT Corporate Footy Tipping – Round 15

Congratulations to our Round 15 winner BreeGreen84 with a weekly score of 6 (25), and our runner up for this week Alby2830 with a score...

2025 MKT Corporate Footy Tipping – Round 14

Congratulations to our Round 14 winner Hegs_ with a weekly score of 6 (39), and our runner up for this week Freo2Fold with a score...

2025 MKT Corporate Footy Tipping – Round 13

Congratulations to our Round 13 winner Hegs_ with a weekly score of 6 (22), and our runner up for this week Punxsutawney Mike with a...

Division 296 – What do we do now?

The proposed Division 296 legislation is part of the federal government’s policy to reform the taxation of large superannuation accounts. It is scheduled to take...

Should I restructure my business entity to a Company?

Should I restructure my business entity to a Company? There is no shame or blame in needing to restructure a client. It doesn’t mean that...

Subdivision as scale still on capital account

There is a large amount of case law that surrounds property subdivisions and whether they are on capital or revenue account. Often the desire is...

2025 MKT Corporate Footy Tipping – Round 12

Congratulations to our Round 12 winner #Notwinning with a weekly score of 8 (8), and our runner up for this week Jennifer.MC with a score...

2025 MKT Corporate Footy Tipping – Round 11

Congratulations to our Round 11 winner Old East with a weekly score of 8 (2), and our runner up for this week Alan5285 with a...

2025 MKT Corporate Footy Tipping – Round 10

Congratulations to our Round 10 winner Wille87 with a weekly score of 6 (0) (total score 59), and our runner up for this week BreeGreen84...

2025 MKT Corporate Footy Tipping – Round 9

Congratulations to our Round 9 winner Alby2830 with a weekly score of 8 (24), and our runner up for this week Alan5285 with a score...

2025 MKT Corporate Footy Tipping – Round 8

Congratulations to our Round 8 winner Ben Reynolds with a weekly score of 8 (0), and our runner up for this week PunnyName with a...

2025 MKT Corporate Footy Tipping – Round 7

Congratulations to our Round 7 winner Rod W02 with a weekly score of 8 (2), and our runner up for this week Ben Reynolds with...

2025 MKT Corporate Footy Tipping – Round 6

Congratulations to our Round 6 winner Rod W02 with a weekly score of 6 (62), and our runner up for this week Alby2830 with a...

What to do about Bendel

Until the appeal process is finalised, the ATO will not revise its current views relating to private company entitlements to trust income, as set out...

2025 MKT Corporate Footy Tipping – Round 5

Congratulations to our Round 5 winner Ben Reynolds with a weekly score of 8 (16), and our runner up for this week doddo$ with a...

2025 MKT Corporate Footy Tipping – Round 4

Congratulations to our Round 4 winner B. McCleery with a weekly score of 9 (17), and our runner up for this week Boz008 with a...

2025 MKT Corporate Footy Tipping – Round 3

Congratulations to our Round 3 winner BreeGreen84 with a weekly score of 7 (0), and our runner up for this week Boz008 with a score...

2025 MKT Corporate Footy Tipping – Round 2

Congratulations to our Round 2 winner PJOHNW with a weekly score of 6 (5), and our runner up for this week samwright78 with a score...

2025 MKT Corporate Footy Tipping – Round 1

Congratulations to our Round 1 winner Mandie and winnie with a weekly score of 8 (13), and our runner up for this week Jughead* with...

The Burden of Proof

The Burden of Proof It appears that we have been inundated with “burden of proof” cases recently, with some involving taxpayers who didn’t fully understand...

Four Year Rule for Claiming Input Tax Credits (ITCs)/Fuel Tax Credits (FTC)

A taxpayer has a four-year period in which to claim an ITC/FTC to which they are entitled. The ATO takes a strict application of this...

Be conscious of Tax Implications on Family Law settlements

The January and February period each year sees an influx of new cases into the Family Court as couples end their relationship post the Christmas...

Life after Bendel – Corporate Beneficiary UPE’s

As all SME advisers would be aware, on 19 February 2025 the Full Federal Court unanimously decided that an Unpaid Present Entitlement (UPE) due from...

Substantiation is not just for deductions

The Australian tax system is a self-assessment system. We prepare and lodge your returns, then pay your tax or collect your refund. It is possible...

Federal Tax Reform

Federal Tax Reform We left you in December with a New Year’s wish list in the tax space that highlighted the Top 5 areas that...

What will shape the Tax Landscape in 2025?

What will shape the Tax Landscape in 2025? As we reach the end of another year, with all of its challenges, it is worthwhile considering...

Senior Tax Accountant

Join one of Perth’s leading Tax Specialist Firms – Senior Tax Accountant CBD Based Very High Calibre Clients Experienced team to leverage and grow your...

The ATO’s Approach to Tax Debts

Statistics from December 2023 showed that the ATO’s collectable debt from taxpayers amounted to approximately $50 billion. A sizeable increase from the $7 billion in...

Timing counts when depreciating assets are lost or destroyed

Start the clock. That is not what someone is generally thinking when they have an asset stolen, lost or destroyed. When it comes to the...

Third Party Payer – Who is Entitled to Claim Input Tax Credits

Entitlement to claim input tax credits (ITC) requires a nexus between the supply and the acquirer of the good or service.  This is easily identifiable...

Receiving Foreign Gifts and Inheritances – Beware section 99B

The ATO recently finalised its Tax Determination and accompanying Practical Compliance Guideline dealing with the Australian tax consequences for an Australian beneficiary of a Foreign...

Using the Small Business Restructure Rollover for Succession

When the Small Business Restructure Rollover (SBRR) was introduced from 1 July 2016 it promised to enable relief to Small Businesses who needed to restructure...

Family Trust Elections – Should I or Shouldn’t I?

  Family Trust Election (FTE) An FTE is an election that is made in order to make a trust a “family trust” (FT) for taxation...

Dealing with Family Trust Elections and Interposed Entity Elections when they close the loop too tightly

  Dealing with Family Trust Elections and Interposed Entity Elections when they close the loop too tightly Discretionary Trusts offer a great structure for clients...

Personal Services Businesses falling foul of Part IVA

The ATO has long had a focus on entities who generate income from the personal exertion of individuals. The Personal Services Income (PSI) rules were...

Voluntary Disclosure during review or audit – Why, When & How

  Why lodge a Voluntary Disclosure? The purpose of making a voluntary disclosure is to correct a misstatement in a lodgement submitted to the ATO....

Market Valuation – Dealing at Arm’s Length

  Question – ‘What’s the value?’ Answer – ‘How long is a piece of string’ Starting point – key terms   ‘Market value’ is not...

Seeking Mercy from the ATO on Private Company Loans

The ATO is becoming less liberal in its application of the Commissioner’s Discretion under 109RB where a taxpayer breaches Division 7A with respect to loans...

Employee Vs Independent Contractor

The ATO’s recent Decision Impact Statements (DIS) on two Court cases provides some guidance on the term ‘employee’ for the purposes of the Superannuation Guarantee...

Caution before adding your spouse to your home’s title

  Subject to certain conditions, it is possible in Western Australia for someone who is married or has been in a de facto relationship for...

Is it time to consider or revisit your client’s Estate Plan?

According to the most recent Intergenerational Report released by the Federal Government in August 2023, the next 15 to 20 years will see the greatest...

Taxpayer’s Burden of Proof

  In a recent AAT judgment Huang and FCT [2024] AATA 397, Deputy President Boyle said that the penalty of some $1.4m imposed by the...

To Restructure or Not to Restructure

Choosing the most appropriate business structure(s) to facilitate all that is important for an SME often requires the following competing factors to be taken into...

ATO Toughens Its Tax Debt Stance – GIC & SIC Becoming Non-Deductible

It is notably obvious that owing debt to the ATO is not as simple as it used to be. With the amount of collectable debt...

Is a rental asset always excluded from being an Active Asset?

One of the basic conditions required to be able to access the generous small business CGT concessions is that the asset passes the Active Asset...

Do sub-division activities amount to “enterprise” for GST?

Determining whether GST is payable on the sale of sub-divided property is difficult where the primary issue is whether the activities amount to a taxable...

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