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As you are aware, the Treasury released its Consultation Paper in October 2018 containing its recommendations for a raft of amendments to the Division 7A...

Common, but Complex Investment and Work Related Deductions In our upcoming case study session in September 2020, we will discuss the tax treatment of some...

Congratulations to Aida T who won Round 11 of Corporate Footy Tipping Comp with a score of 8 and a round margin of 1! In...

Congratulations to Gary Day who won Round 11 of Accountants Network Footy Comp with a weekly score of 8 and a margin of 1. In second place...

In a recent development in this area, the Full Federal Court in Greig v FCT [2020] FCAFC 25 allowed the taxpayer’s appeal and held that...

Congratulations to Mighty Hawk who won Round 10 of Corporate Footy Tipping Comp with a score of 7 and a round margin of 1! In...

Congratulations to Ethton who won Round 10 of Accountants Network Footy Comp with a weekly score of 7 and a margin of 2. In second place is...

Congratulations to William Nguyen who won Round 9 of Corporate Footy Tipping Comp with a score of 9 and a round margin of 34! In...

Congratulations to Demon Diehard who won Round 9 of Accountants Network Footy Comp with a weekly score of 8 and a margin of 20. In second place...

Congratulations to Ben Reynolds who won Round 8 of Corporate Footy Tipping Comp with a score of 8 and a round margin of 2! In...

Congratulations to Ben Reynolds who won Round 8 of Accountants Network Footy Comp with a weekly score of 8 and a margin of 2. In second place...

MKT would like to invite you to our training session on JobKeeper 2.0 where Mr. Gaurav Chitnis, Tax Principal, will discuss the proposed changes in...

Congratulations to Nick who won Round 7 of Corporate Footy Tipping Comp with a score of 8 and a round margin of 22! In second...

Congratulations to Here for the Beer who won Round 7 of Accountants Network Footy Comp with a weekly score of 8 and a margin of 22. In...

Congratulations to Sean Meakin who won Round 6 of Corporate Footy Tipping Comp with a score of 7 and a round margin of 41! In...

Congratulations to Di Anderson who won Round 6 of Accountants Network Footy Comp with a weekly score of 8 and a margin of 27. In second place...

Congratulations to Graeme Pickrell who won Round 5 of Accountants Network Footy Comp with a weekly score of 9 and a margin of 5. In second place...

Congratulations to Justin McGovern who won Round 5 of Corporate Footy Tipping Comp with a score of 8 and a round margin of 1! In...

Congratulations to Sergio who won Round 4 of Corporate Footy Tipping Comp with a score of 7 and a round margin of 21! In second...

Congratulations to Phillip who won Round 4 of Accountants Network Footy Comp with a weekly score of 8 and a margin of 11. In second place is...

Congratulations to Justin McGovern who won Round 3 of Corporate Footy Tipping Comp with a score of 5 and a round margin of 70! In second...

Congratulations to Japie who won Round 3 of Accountants Network Footy Comp with a weekly score of 5 and a margin of 32. In second place is...

Congratulations to Ben B who won Round 2 of Corporate Footy Tipping Comp with a score of 7 and a round margin of 15! In second...

Congratulations to Glen Crosbie who won Round 2 of Accountants Network Footy Comp with a weekly score of 6 and a margin of 10. In second place is...

After a series of changes to the Jobkeeper Rules and updated guidance from the ATO, there appears now to be some level of certainty on...

Trustees are required to have made their 2020 resolutions to distribute trust income on or before 30 June 2020, subject to their respective Trust Deed....

Lloyd v Belconnen Lakeview Pty Ltd (No 2)[2020] On 14 May 2020 the Federal Court, Lee J, in Lloyd v Belconnen Lakeview Pty Ltd (No 2) [2020] FCA...

As the JobKeeper enrolment due date for the months of April and May 2020 ended on 31 May 2020, most practitioners are now comfortable with...

As part of the Federal Government’s first phase of the stimulus package for the economy, businesses with an “aggregated turnover” of less than $500 million...

The taxation of testamentary trusts and deceased estates is a complex and specialised area. A lack of understanding of the taxation issues in this area...

The capital vs revenue distinction remains a murky area to navigate, however the recent decisions in Greig v FCT provides some guidance on the factors...

From Wednesday, 15 April MKT will be hosting a series of 1 hour Zoom webinars on the Cash Flow Boost and JobKeeper payments. The webinars...

Congratulations to eaglerose who won Round 1’s Accountants Network Footy Tipping Comp with a score of 8 and a round margin of 0! In second...

The Prime Minister released details of the second round of the Government’s economic plan to combat the impact of the coronavirus outbreak. The new economic...

As you may know, trustees of discretionary trusts who wish to make beneficiaries presently entitled to trust income for an income year are required to...

This morning, the Morrison Government announced a $17.6 billion economic stimulus package to support Australian businesses as we are dealing with the significant challenges posed...

The current director penalty regime allows the Commissioner to recover unpaid superannuation guarantee (SG) charge, PAYG withholding for directors of a company. From 1 April...

Can a Vacant Block of Land be an Active Asset for the Purposes of Accessing the Small Business CGT Concessions? One of the basic conditions...

The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 received Royal Assent on 6 March 2020. This Amnesty provides a once off opportunity for employers...

Fringe Benefits Tax (FBT) is a tax imposed on employers if they provide non-cash/fringe benefits to their employees. Commonly provided fringe benefits that may attract...

2020 MKT’s Tax & GST Fundamentals MKT’s 2020 Tax & GST Fundamentals is ideal for firms seeking to provide their aspiring tax professionals with a...

MKT would like to invite you to our one-off Tax Training session on FBT issues facing Small and Medium-sized Enterprises (SMEs). In this session, we will discuss: Identifying...

Limiting Deductions for Vacant Land New legislation has now been enacted by the Parliament to deny deductions for losses or outgoings incurred to the extent...

Postponement of MKT’s PAN Conference After careful consideration and in keeping with the Government’s recommendations, we have decided to postpone this year’s PAN Conference until...

With one in three marriages ending in divorce the likelihood of advisers being involved with a number of client marriage breakdowns is almost certain. Involvement...

A testamentary trust is a trust created by a Will and arises upon the death of a testator. The use of a testamentary trust as...

On 16 October 2019, the High Court in FCT v Sharpcan Pty Ltd unanimously allowed the ATO’s appeal disallowing the deductibility for payments made to...

Armed with a financial boost from the Morrison Government, the ATO are hiring 200 more auditors to target Australia’s Top 500 privately held companies, Top...

If your initial thought when reading a headline stating “Changes to WA Pay-Roll Tax” was…What now?! What will be the negative impact on my business?...

The re-introduced legislation to remove the Capital Gains Tax (CGT) main residence exemption for foreign residents has been passed by the Parliament on 5 December...

As you are aware, the Government increased the instant asset write off threshold from $25,000 to $30,000 for assets first used or installed ready for...

On 6 February 2019, the ATO withdrew ATO ID 2003/589 which outlined its longstanding view that a non-individual creditor could forgive a debt for reasons...

  Just when you thought that the current Tax Reform agenda was bare, the Government recently re-introduced another measure that was previously announced by the...

The ATO’s current focus area is the small business segment. One of the issues identified as a ‘high risk’ area is small businesses not having...

As you may be aware, the original instant asset write-off threshold was due to revert back from $20,000 to $1,000 effective 1 July 2019. However,...

When considering whether or not to group several entities for GST purposes, it is important to consider not just the administrative and current GST position...

The Personal Services Income (PSI) statutory rules were introduced by the Government in 2000 as an anti-avoidance measure to prevent the ‘alienation’ of an individual’s...

One of the largest costs of purchasing or restructuring a business in Western Australia is transfer duty. Western Australia is one of the few remaining...

Congratulations to – Jus – who won Round 23’s Corporate Footy Tipping Comp with a score of  9 and a round margin of 14! In second place...

Congratulations to Jaysen Miguel who won Round 23’s Accountants Footy Tipping Comp with a score of 9 and a round margin of 6! In second place was Joe...

Congratulations to Justin McGovern who won Round 22’s Accountants Footy Tipping Comp with a score of 8 and a round margin of 40! In second place...

Congratulations to Aida T who won Round 22’s Corporate Footy Tipping Comp with a score of  9 and a round margin of 42! In second place...

FBT and Uber The Australian Taxation Office (ATO) issued on 27 September 2017 discussion paper TDP 2017/2 to seek consultation on its application of the...

Congratulations to Mighty Hawk who won Round 21’s Corporate Footy Tipping Comp with a score of  8 and a round margin of 47! In second place...

Congratulations to Jaysen Miguel who won Round 21’s Accountants Footy Tipping Comp with a score of 9 and a round margin of 45! In second place...

Congratulations to Ben B who won Round 20’s Corporate Footy Tipping Comp with a score of  8 and a round margin of 7! In second place was Freo2Fold...

Congratulations to Hutcho who won Round 20’s Accountants Footy Tipping Comp with a score of 8 and a round margin of 9! In second place was JamesM...

Congratulations to Phillip who won Round 19’s Accountants Footy Tipping Comp with a score of 9 and a round margin of 6! In second place was George Young with...

Congratulations to Rhea who won Round 19’s Corporate Footy Tipping Comp with a score of  9 and a round margin of 17! In second place was Jamie with a...

Congratulations to Steve P who won Round 18’s Corporate Footy Tipping Comp with a score of  7 and a round margin of 16! In second place was Donny Boy with a...

Congratulations to Phillip who won Round 18’s Accountants Footy Tipping Comp with a score of 7 and a round margin of 41! In second place was Kim Wallman with a...

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...

The issues and difficulties with the ‘capital v revenue’ characterisation stretch back to around the time income taxes were introduced. Since that time it has...

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...

Whether a profit is on capital or revenue account can have material implications for your client, not only whether the CGT discount can be used,...

Debt Forgiveness Q: A client’s trust borrowed money from a related party but has since made losses to the point where the trust has no...

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...

As we wrap up the first part of the reporting season for listed entities and now start on the September/October month-ends reporting for explorers, other...

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...

New Rules on the Reduced Corporate Tax Rate Legislation has recently been passed by Parliament that changes the rules for accessing the reduced corporate tax...

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...

New Rules for Residential Property Investors; GST Collected at Settlement for New Residential Premises and New Developed Land; Changes Proposed for Private Company Loans; Tax...

Q: Is a SMSF able to claim reduced input tax credits on tax and audit fees incurred? A: From 1 July 2012, a new reduced...

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...

SMSF’s and claiming reduced input tax credits Q: Given that a superannuation fund will predominantly make financial supplies (that is, the provision of an interest...

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...

In our previous QTB article, we discussed the Government’s proposed legislation for the company tax rate reduction applying from the 2017/18 income year. In this...

To counter “phoenixing“ activities in the property industry, the Government announced in the 2017-2018 Budget new GST withholding rules for purchasers of new residential premises...

Private companies often want to motivate, reward and ensure key employees stay with the business, but are often bot sure how to go about this....

Company Tax Rate Reduction for the 2015/2016 and 2016/2017 Years; Start-Up ESS Concessions; Property Industry Alert! – New GST Withholding Rules; Challenges in owning property...

Selling solar energy in your Superannuation Fund Q: My client has a property owned by their family trust being rented to a related party. Can...

2018 PAN Conference Friday 6th April 2018 The UWA Club, Crawley MKT would like to invite you to the 2018 PAN Conference exclusively for members...

We live in a more integrated world than ever before. As a result, the workforce is more globalised and increasingly more mobile. It is increasingly...

With the festive season and the 2018 new year approaching, here are a few target areas which can get you or your client onto the...

In our July and October 2017 PAN Member Tax Flashes, we noted that the Australian Taxation Office (ATO) in a footnote to the draft ruling...

We have noticed in recent times the Office of State Revenue (”OSR”), have ramped up their presence and are conducting a significant number of reviews....

Breaking Australian Residency for Tax Purposes; Passive Investment Companies and the Lower Tax Rate – Take 3!; Payroll Tax – The often forgotten but painful...

GST and entitlement to input tax credits Q: Can you claim the goods and services tax (GST) included in the purchase price of a motor...

Dividends/Loans and Payroll Tax Q: Can payments made to shareholders by way of dividends (rather than salaries or wages) be subject to Payroll Tax in...

GST and Internet Supply Q: Are you liable to pay GST on the sale of the computer software downloaded from the Internet by the purchaser?...

Change of use in Property Developments – Are you required to repay ITC’s claimed? The ATO has been actively pursuing developers large and small for...

Would you like Priority Access to Tax Advisors that spend every day dealing with Business Tax matters? MKT Tax Advisors has been providing specialist tax...

The ATO has recently released guidance in the form of Practical Compliance Guideline PCG 2017/13 on the treatment of the 7-year sub-trust arrangements that are...

The ATO released Draft Law Companion Guideline LCG 2017/D6 on 21 July 2017. This provides guidance on the new similar business test currently proposed by...

Sub-trust arrangements maturing 2018; The Business Continuity Test – Carrying on a similar Business; ATO Audit Alert – Change of use in Property Developments –...

Is this the “Sale of New Residential Premises”? A block of land contains a residential building. The block of land, together with the residential building,...

With the changes to superannuation due to take effect on 1 July 2017 there are several things that Trustee’s will need to ensure occurs by...

As you may be aware, trustees are required to have made their 2017 resolutions to distribute trust income on or before 30 June 2017. It...

There are two significant changes for non-residents doing business in Australia or supplying goods or services online to Australian consumers. From 1 July 2017 (pending...

On 26 April 2017, the Commissioner released Taxation Determination TD 2017/11, which outlines that for income tax purposes, interest income on a bank account is...

Who should be assessed to interest on bank accounts?; Countdown is on to new Superannuation landscape; 2017 MKT Trustee Resolutions; GST on International Supplies of...

Individuals will be able to make voluntary contributions into their superannuation of up to $15,000 per year and $30,000 in total, to be withdrawn subsequently...

The Temporary Budget Deficit Levy of 2% will end effective 1 July 2017. However, the Government will increase the Medicare Levy from the current rate...

There are some adverse changes to foreign and temporary residents in the Budget. First, individuals who are foreign and temporary tax residents will no longer...

The CGT discount will be increased from 50% to 60% for Australian resident individuals investing in qualifying affordable housing from 1 January 2018. The conditions...

The claim on depreciation for plant and equipment will be limited to outlays actually incurred by investors in residential real estate properties from 1 July...

Finally, and technically number 11, whilst this measure will not directly impact our clients, how the 5 major banks seek to pass on this levy...

MKT’S TOP 10 THINGS YOU NEED TO KNOW ABOUT THE FEDERAL BUDGET Last night the Government handed down the Federal Budget for the 2017-18 year....

LRBAs included in super balance and transfer balance cap The use of limited recourse borrowing arrangements (LRBAs) will be included in a member’s total superannuation...

Purchasers of newly constructed residential properties or new subdivisions will be required to remit the GST directly to the ATO as part of settlement from...

An integrity measure will be introduced by the Government to ensure that the concessions can only be accessed in relation to assets used in a...

The Government will extend the current $20,000 immediate write-off of depreciating assets for Small Business Entities (‘SBEs’) for another 12 months. The threshold amount was...

Travel expenses incurred on inspecting, maintaining or collecting rent for a residential rental property will be disallowed from 1 July 2017. This integrity measure is...

Would the sale of Guns be considered a “Collectable” for CGT Purposes? Q: A client intends to sell four guns he has held for a...

Land Tax Planning Q: I have been told that if I sell a 1% interest in a property I own, it won’t be aggregated with...

AFSL Number 485223 With the changes to superannuation due to take effect on July 1, 2017 there is still much confusion amongst advisers and SMSF...

It is increasingly common for small businesses to set-up and run a commercial website to promote their businesses. The question that may invariably arise is...

In A & A Property Developers Pty Ltd v MCCA Asset Management Ltd [2016] VSC 653, the Supreme Court of Victoria has found that GST...

There are a number of tax issues facing SME’s over the next 18 months that will need to be considered and planned for.  We believe...

Two SME hot spots; Claiming Deductions for Commercial Website Expenditure; Property Contracts and GST; Accountants Guide to Changes in Superannuation; MKT Case Study; Premium Accountants...

2017 PAN Conference Friday 7th April 2017 The UWA Club, Crawley MKT would like to invite you to the 2017 PAN Conference exclusively for members...

Tax Concessions for New Zealand Citizens Living in Australia Q: Is a New Zealand citizen who has lived in Australia after 26 February 2001 a...

FBT and Division 7A on Vehicles in a Trust Q: My client is the trustee of his discretionary trust that carries on various investment activities...

In AAT Case FKYL v FCT [2016] AATA 810 the Tribunal held that the properties where held for the dual purposes of leasing and the...

For a number of years we have been pushing our own HWI clients and private groups to start the conversation on considering their Estate Plan...

The Government have finally passed its changes to the superannuation system, so now as advisers we are finally able to with some certainty assist our...

Superannuation Measures now Law; GST Dual Purpose; New Years Resolution; Mkt Webinar; MKT Christmas Message   Download Here

Subcontractors Using Entities and Superannuation Guarantee (SG) Contributions Q: Is an employer required to pay SG contributions to subcontractors operating from companies or trusts? A:...

Forgiveness of Unpaid Present Entitlements (UPE’s) Q: What are the tax implications of forgiving Unpaid Present Entitlements by the beneficiaries of a discretionary trust? A: The beneficiaries...

The Australian Taxation Office (“ATO”) is showing increasing interest in understanding how taxpayers introduce and follow good corporate tax governance within their business.  In their...

Superannuation Fund Contributions Q: What types of assets can I contribute to my superannuation fund? A: If you have a self-managed superannuation fund (SMSF), then...

The ATO is currently focused on auditing input tax credits (ITCs) claimed on financial supplies. Financial supplies are input-taxed sales and do not have GST...