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Our Round 21 winner is DJB! with a score of 7 (3), and our runner up is Ian Moffat with a score of 7 (4)....

Our Round 21 winner is samwright78 with a score of 7 and a margin of 2. In second place is Alby2830 with a score of 7 and a...

Our Round 20 winner is Japie1951 with a weekly score of 8 and a margin of 21. In second place we have Graeme Pickrell with a weekly...

Our Round 20 winner is Hawks surge with a score of 8 and a margin of 31. In second place is Demon Diehard with a score of...

Our Round 19 winner is McNab77 with a score of 9 and a margin of 8. In second place is Bring back Cluckoo with a...

Our Round 19 winner is Katrina Martin with a weekly score of 9 and a margin of 13. In second place we have Kangas129 with a weekly score...

Our Round 18 winner is samwright78 with a score of 7 and a margin of 3. In second place is McNab77 with a score of 7 and a margin...

Our Round 18 winner is Todd Harnett with a weekly score of 8 and a margin of 8. In second place we have Buzz1957 with a weekly score...

Our Round 17 winner is Graeme Pickrell with a weekly score of 8 and a margin of 11, in second place we have Sergio Lopes...

Our Round 17 winner is Grrgy1 with a weekly score of 8 and a margin of 21, in second place we have McNab77 with a weekly...

Our Round 16 winner is SK Tax Accountants with a weekly score of 8 and a margin of 3, in second place we have Jacck...

Our Round 16 winner is The Bombres with a score of 8 and a margin of 25. In second place is samwright78 with a score...

Our Round 15 winner is Orrsum  with a score of 9 and a margin of 41. In second place is Dave Mc99 with a score of...

Our Round 15 winner is Orrsum with a weekly score of 9 and a margin of 41, in second place we have Katrina Martin with a weekly...

Our Round 14 winner is The Bombres with a weekly score of 6 and a margin of 10. In second place we have Orrsum with...

Our Round 14 winner is Orrsum with a weekly score of 5 and a margin of 0. In second place we have eaglerose with a weekly score...

Disclaimers of Trust Distributions – FCT v Carter On 6 April 2022, the High Court delivered the long-awaited decision in FCT v Carter [2022] HCA 10. This...

Our Round 13 winner is Yeldep with a score of 6 and a margin of 5 (overall margin 268). In second place is Johnathon Busing...

Our Round 13 winner is Dave Mc99 with a score of 6 and a margin of 3. In second place is Camwest with a score of...

  Restriction on Excess GST Refund Where a taxpayer has overpaid GST and seeks a refund from the Commissioner, they will have to pass the...

  PCG 2022/D1 on Section 100A – Staying out of the Red Zone On 23 February 2022, the ATO issued PCG 2022/D1 which sets out...

Superannuation Changes and Tax Planning 2022 As the end of the Financial Year approaches, many will be looking at their superannuation and making top up...

Congratulations to PYRO66 who won round 12 with a score of 5 and a margin of 0. In second place was WestCoasterWinner with a score...

Congratulations to – The GC – who won round 12 with a score of 5 and a margin of 2. In second place was Alby2830...

Congratulations to Justin McGovern who won round 11 with a score of 8 and a margin of 3. In second place was sammy_graffin with a...

Congratulations to Justin McGovern who won round 11 with a score of 8 and a margin of 3. In second place was samwright78 with a...

Congratulations to Alby2830, who won Round 10 with a score of 8, a margin of 6, and an overall margin of 219. In second place...

Congratulations to Katrina Martin, who won Round 10 with a score of 8 and a margin of 12. In second place is Nugz28 with a...

Congratulations to Buzz1957, who won Round 9 with a score of 8 and a margin of 25. In second place is The Sag Wagon with...

Congratulations to Ben Bussell, who won Round 9 with a score of 8 and a margin of 29. In second place is Spacecca with a...

Congratulations to Grrgy1, who won Round 8 with a score of 8 and a margin of 12. In second place is Demon Diehard with a...

Congratulations to Pat 88, who won Round 8 with a score of 8 and a margin of 7. In second place is Grrgy1 with a...

Congratulations to Kim Wallman, who won Round 7 with a score of 8 and a margin of 34. In second place is SK Tax Accountants...

Congratulations to Ross (ESPNFAN86586515660), who won Round 7 with a score of 7 and a margin of 74. In second place is Nick Fijac with...

Congratulations to – The GC –, who won Round 6 with a score of 8 and a margin of 1. In second place is WealthVisory...

Congratulations to – The GC –, who won Round 6 with a score of 8 and a margin of 1. In second place is ESPNFAN8658651566...

Congratulations to JESSP4TW, who won Round 5 with a score of 8 and a margin of 3. In second place is RCPetto with a score...

Congratulations to Hegs_, who won Round 5 with a score of 8 and a margin of 22. In second place is samwright78 with a score...

Taxation of cryptocurrency and digital assets is no longer an area that can be overlooked by accountants and advisors. According to the ATO, trades in...

Congratulations to Demon Diehard, who won Round 4 with a score of 7 and a margin of 11. In second place is Reece Neale with...

Congratulations to Demon Diehard, who won Round 4 with a score of 7 and a margin of 11. In second place is Justin McGovern with...

Congratulations to PeterSpeech who won Round 3 with a weekly score of 7 and a margin of 25. In second place is StevieB with a score...

Congratulations to Alby2830 who won Round 3 with a weekly score of 8 and a margin of 2. In second place is – Jus – with...

  The 2022-23 Federal Budget – MKT Analysis   The “Cost of Living” Budget Last night, as expected, Treasurer Frydenberg handed down the Government’s fiscal pitch...

The commercial debt forgiveness (CDF) rules in Division 245 of the ITAA 1997 have some potentially nasty tax implications whereby the tax attributes of a...

Congratulations to PeterSpeech who won Round 2 of Accountants Network Footy Tipping Comp with a score of 8 and a margin of 12! In second place...

Congratulations to Dave Mc99 who won Round 2 of Corporate Footy Tipping Comp with a score of 7 and a margin of 19! In second place we have Hegs_ with...

Congratulations to Burgoyne in 60 seconds who won Round 1 of Accountants Network Footy Tipping Comp with a score of 8 and a margin of...

Congratulations to Jughead* who won Round 1 of Corporate Footy Tipping Comp with a score of 8 and a margin of 22! In second place...

  Determining whether a worker is an employee or independent contractor is important to ensure that businesses are compliant with the rights, obligations and entitlements...

Are consultancy services provided in Australia to recipients based overseas GST free?  This is a common question we are asked from our Accountants Network.  The...

On 23 February 2022, the ATO issued a raft of documents targeted at trust arrangements. One of these documents, ‘TD 2022/D1’, sets out the Commissioner’s...

  After almost 8 years in the making, the ATO has finally released its views on the application of section 100A to certain trust distributions...

PCG 2021/4 – Finalised ATO guidance on allocation of professional firm profits On 17 December 2021, the ATO released its long-awaited Practical Compliance Guideline (PCG)...

Accessing the CGT Small Business Concessions on the Sale of Shares The CGT Small Business Concessions (CGT Concessions) can enable a business owner to fully...

Temporary Loss Carry Back Offset – Getting a Refund in Time for Christmas The temporary loss carry back (LCB) offset for companies is unique in...

GST & Food Misclassification As we plunge into the festive season and brace for fun, food and festivities, spare a thought for those trying to...

Reduced Corporate Tax Rate – Beware of the Traps! The lower corporate tax rate at 25% from the 2022 income year onwards for base rate...

ATO Concerns on Undeclared Foreign Income Taxpayer Alert TA 2021/2 The ATO issued TA 2021/2 last month in which taxpayers are warned not to disguise...

ATO’s Next 5,000 Private Wealth Combined Assurance Reviews The ATO’s high wealth private groups (HWPGs) review program, the Next 5,000 is currently underway and should...

Expenses Associated with Vacant Land – TR 2021/D5 Effective from 1 July 2019, deductions are limited for losses or outgoings that relate to holding vacant...

Business of Letting Rental Properties In recent years, the Government has introduced rules to restrict certain deductions for landlords owning rental residential properties. The following...

Loss Carry Back Tax Offset (“LCB”) – to carry back or not to carry back, that is the question! The temporary loss carry back rules...

  Temporary Full Expensing – Is it Worthwhile Opting Out? When preparing 2021 tax returns for business entities, Temporary Full Expensing (TFE) will no doubt...

Our 2021 Season Winner is Rooboy*1  with a total score of 141 and total margin of 530. In second place is willie87 with a total...

Our 2021 Season Winner is NickE.  with a total score of 135 and total margin of 599. In second place is Todd Harnett with a...

Congratulations to Rooboy*1 who won Round 22’s Corporate Footy Tipping Comp with a weekly score of 8 and a round margin of 22. In second...

Congratulations to sammy_graffin who won Round 22’s Accountants Network Footy Tipping Comp with a weekly score of 8 and a round margin of 12. In...

Congratulations to Alby2830 who won Round 21’s Corporate Footy Tipping Comp with a weekly score of 5 and a round margin of 27. In second...

Congratulations to NickE. who won Round 21’s Accountants Network Footy Tipping Comp with a weekly score of 6 and a round margin of 14. In...

Congratulations to Ben Reynolds who won Round 20’s Corporate Footy Tipping Comp with a weekly score of 8 and a round margin of 4. In...

Congratulations to Johnno – Everest Accounting who won Round 20’s Accountants Network Footy Tipping Comp with a weekly score of 8 and a round margin of...

Congratulations to Orrsum who won Round 19’s Corporate Footy Tipping Comp with a weekly score of 7 and a round margin of 5. In second place...

Congratulations to PeterSpeech who won Round 19’s Accountants Network Footy Tipping Comp with a weekly score of 6 and a round margin of 3. In...

Congratulations to Orrsum who won Round 18’s Accountants Network Footy Tipping Comp with a weekly score of 9 and a round margin of 56. In second...

Congratulations to Mighty Hawk Cyril who won Round 18’s Corporate Footy Tipping Comp with a weekly score of 9 and a round margin of 54....

Congratulations to Kim Wallman who won Round 17’s Accountants Network Footy Tipping Comp with a weekly score of 6 and a round margin of 13....

Congratulations to Link. who won Round 17’s Corporate Footy Tipping Comp with a weekly score of 5 and a round margin of 31. In second...

Draft Law Companion Ruling on Temporary Full Expensing On 9 June 2021, the ATO released draft Law Companion Ruling LCR 2021/D1 in relation to the...

Congratulations to Rooboy*1 who won Round 16’s Corporate Footy Tipping Comp with a weekly score of 7 and a round margin of 10. In second place...

Congratulations to Team_Rice who won Round 16’s Accountants Network Footy Tipping Comp with a weekly score of 7 and a round margin of 10. In second...

Congratulations to Grrgy1 who won Round 15’s Corporate Footy Tipping Comp with a weekly score of 6 and a round margin of 37. In second...

Congratulations to Harold_Wai who won Round 15’s Accountants Network Footy Tipping Comp with a weekly score of 6 and a round margin of 19. In...

Congratulations to Bill_Oliver who won Round 14’s Accountants Network Footy Tipping Comp with a weekly score of 5 and a round margin of 1. In second...

Congratulations to The Bombres who won Round 14’s Corporate Footy Tipping Comp with a weekly score of 5 and a round margin of 0. In...

Congratulations to Link. who won Round 13’s Corporate Footy Tipping Comp with a weekly score of 5 and a round margin of 21. In second...

Congratulations to Kristin Chabrel who won Round 13’s Accountants Network Footy Tipping Comp with a weekly score of 6 and a round margin of 21....

Changes for Expats Selling their Former Homes Apply for 2021 & Later Years After the expiry of the transitional period on 30 June 2020, the...

Mussalli v FCT – Another Capital vs Revenue Decision The recent Full Federal Court case Mussalli v FCT [2021] FCAFC 71 decided that upfront payments...

Tax Traps for Subdivision of Land As property prices go up across Australia, subdivision of land becomes a financially attractive undertaking for “mum-and-dad investors”. Unfortunately,...

GST, Supply of Property & Requirements to Register As housing prices across Australia accelerate through a combination of ultra-low interest rates, strong consumer confidence and...

Congratulations to Katrina Martin who won Round 12’s Accountants Network Footy Tipping Comp with a weekly score of 6 and a round margin of 7....

Congratulations to – Jus – who won Round 12’s Corporate Footy Tipping Comp with a weekly score of 6 and a round margin of 2....

Congratulations to – The GC – who won Round 11’s Corporate Footy Tipping Comp with a weekly score of 8 and a round margin of...

Congratulations to Dhuies who won Round 11’s Accountants Network Footy Tipping Comp with a weekly score of 8 and a round margin of 3. In second...

Congratulations to Justin McGovern who won Round 10’s Corporate Footy Tipping Comp with a weekly score of 8 and a round margin of 12. In...

Congratulations to Johnno – Everest Accounting who won Round 10’s Accountants Network Footy Tipping Comp with a weekly score of 8 and a round margin...

Congratulations to Dave Mc99 who won Round 9’s Corporate Footy Tipping Comp with a weekly score of 8 and a round margin of 7. In...

Congratulations to Kangas129 who won Round 9’s Accountants Network Footy Tipping Comp with a weekly score of 9 and a round margin of 18. In...

PSI and the ATO’s New Draft Ruling The Personal Service Income (PSI) rules are a perennial issue with tax advisers and their clients. The “statutory”...

Congratulations to Aida T who won Round 8’s Corporate Footy Tipping Comp with a weekly score of 9 and a round margin of 56. In...

Congratulations to TB Rooster who won Round 8’s Accountants Network Footy Tipping Comp with a weekly score of 9 and a round margin of 49....

Congratulations to Spacecca who won Round 7’s Corporate Footy Tipping Comp with a weekly score of 6 and a round margin of 19. In second...

Congratulations to Gazman57 who won Round 7’s Accountants Network Footy Tipping Comp with a weekly score of 7 and a round margin of 10. In second...

Congratulations to NickE. who won Round 6’s Accountants Network Footy Tipping Comp with a weekly score of 9 and a round margin of 38. In...

Congratulations to Nick Fijac who won Round 6’s Corporate Footy Tipping Comp with a weekly score of 8 and a round margin of 9. In...

Professional Firm Profits – PCG 2021/D2 On 1 March 2021, the ATO released Draft Practical Guideline PCG 2021/D2 Allocation of professional firm profits – ATO compliance...

Congratulations to Hawks surge who won Round 5’s Corporate Footy Tipping Comp with a weekly score of 8 and a round margin of 67. In...

Congratulations to Jaysen Miguel who won Round 5’s Accountants Network Footy Tipping Comp with a weekly score of 9 and a round margin of 63....

Congratulations to Ben Reynolds who won Round 4’s Accountants Network Footy Tipping Comp with a weekly score of 7 and a round margin of 0....

Congratulations to Rooboy*1 who won Round 4’s Corporate Footy Tipping Comp with a weekly score of 8 and a round margin of 15. In second...

Congratulations to Ben Reynolds who won Round 3’s Corporate Footy Tipping Comp with a weekly score of 7 and a round margin of 4. In...

Congratulations to Carmelc who won Round 3’s Accountants Network Footy Tipping Comp with a weekly score of 8 and a round margin of 12. In...

Congratulations to samwright78 who won Round 2’s Corporate Footy Tipping Comp with a weekly score of 8 and a round margin of 1. In second...

Congratulations to Jaysen Miguel who won Round 2’s Accountants Network Footy Tipping Comp with a weekly score of 9 and a round margin of 16....

Congratulations to I’m a Shuey in who won Round 1’s Accountants Network Footy Tipping Comp with a weekly score of 7 and a round margin...

Congratulations to Buckley_chance_ who won Round 1’s Corporate Footy Tipping Comp with a weekly score of 7 and a round margin of 5. In second...

Choosing a Business Structure The choice of the most appropriate business structure(s) to facilitate all that is important for an SME often requires the following...

Restructuring Businesses to Corporate Entities There are compelling reasons to transfer businesses from trusts to companies. The major advantage of operating a business through a...

New ATO Guidance on Travel Expenses The Australian Taxation Office (ATO) has recently finalised the guidance on the deductibility of transport expenses in the form...

Margin Scheme Valuation Method Usually, sales of commercial property, vacant land and new residential premises are likely to be taxable supplies and therefore subject to...

Temporary Full Expensing for SBEs On 1 February 2021, CPA, CAANZ, IPA together with the Law Council of Australia and The Tax Institute, lodged a...

Structuring and Restructuring for SME Businesses One of the key decisions a business person has to make before embarking on a new business is the...

  Extension of FBT Concessions for Small Businesses Recently, there has been some push for the abolition of Fringe Benefits Tax (FBT) as part of...

A Cautionary Tale in Applying for a PBR In a recent case, Progress Engineering Company Pty Ltd and Commissioner of Taxation [2020] AATA 4726, the Tribunal...

Businesses with an aggregated turnover of less than $5 billion can now claim immediate deductions for the full costs of depreciating assets held from 7.30pm...

Dealing with and planning for the payment of Death Benefit payout With the introduction of the Transfer Balance Cap in 2017 this has added a...

As part of the 2020-21 Federal Budget measures, the Government announced that a temporary loss carry back for companies would be introduced. The proposed measure...

The ATO’s private wealth groups program is extensive and should not be ignored as just another ATO initiative.  Having delivered on their Top 1,000 and...

On 2 December 2020, legislation was introduced to make certain changes to the Temporary Full Expensing (TFE) rules. The original TFE rules came into effect...

Please join MKT’s next Case Study session where we will discuss some of the key income tax and GST risks for SME property developers and...

There are many reasons that beneficiaries of discretionary trusts may want to disclaim their present entitlements to the trust income distributions made to them. We...

A number of Legislative Instruments have been registered over the past week in relation to the JobKeeper extension commencing on Tuesday 29 September.   This...

Congratulations to Ben B who won Round 18 of Corporate Footy Tipping Comp with a score of 9 and a margin of 1! In second...

Congratulations to Lesley Crosbie who won Round 18 of Accountants Network Footy Tipping Competition with a weekly score of 9 and a margin of 1....

Congratulations to Dave MC who won Round 17 of Corporate Footy Tipping Comp with a score of 7 and a margin of 10! In second...

Congratulations to Todd who won Round 17 of Accountants Network Footy Tipping Competition with a weekly score of 8 and a margin of 14. In...

Congratulations to Ben B who won Round 16 of Corporate Footy Tipping Comp with a score of 6 and a margin of 0! In second...

Congratulations to Golden Goals who won Round 16 of Accountants Network Footy Tipping Competition with a weekly score of 7 and a margin of 5....

With Parliamentary sittings recently resuming, a number of Superannuation related measures have been introduced to Parliament, some of which are being re-introduced for a second...

Employers may have provided non-cash benefits to employees that they do not usually provide during the COVID-19 lockdown period. For example, electronic devices, health-related protective...

ATO’s GST Assurance Reviews Extended to Top 1,000 and Top 500 Private Groups August 2020 marks the ATO’s recommencement of its GST Assurance Reviews (GAR)...

The Coronavirus Economic Response Package (Jobkeeper Payments) Amendment Bill 2020 received Royal Assent on 3 September 2020. Apart from extending the end date of the...

Congratulations to Sam Wright who won Round 15 of Corporate Footy Tipping Comp with a score of 5 and a margin of 27! In second...

Congratulations to Lesley Crosbie who won Round 15 of Accountants Network Footy Tipping Competition with a weekly score of 5 and a margin of 26. In...

Congratulations to Ben B who won Round 14 of Corporate Footy Tipping Comp with a score of 8 and a margin of 1! In second...

Congratulations to Anna Bananna who won Round 14 of Accountants Network Footy Tipping Competition with a weekly score of 8 and a margin of nill....

Congratulations to Demon Diehard who won Round 13 of Corporate Footy Tipping Comp with a score of 9 and a margin of 17! In second...

Congratulations to Michael Pudney who won Round 13 of Accountants Network Footy Comp with a weekly score of 9 and a margin of 8. In...

In a recent case (Chadbourne and FCT [2020] AATA 2441), the Tribunal held that an individual beneficiary was not entitled to claim interest deductions on the bank...

As you would be aware, an important feature of the JobKeeper scheme is the “one in, all in” rule. This rule requires employers to nominate...

The Treasurer announced some significant changes to JobKeeper 2.0. The changes were announced in response to the predicted economic impacts that will result as a...

Congratulations to Dave MC who won Round 12 of Corporate Footy Tipping Comp with a score of 7 and a round margin of 60! In...

Congratulations to TB who won Round 12 of Accountants Network Footy Comp with a weekly score of 8 and a margin of 67. In second...

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...