By: Max Newnham
Some business owners make the mistake of regarding the Australian Tax Office as the enemy. It can be said the ATO at times places an unfair interpretation on income…
The Process (and Pros and Cons) of ‘electing’ to Be a Family Trust
Trusts are an important and very useful concept for managing one’s financial affairs, as well as estate planning. The pros and cons of ‘electing’ to be a family trust
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The Delayed Income Tax Offset, and How It Can Help
By: Steve Burnham
You may not get many clients who can use this tax offset, but one day you may very well get one in the door who will appreciate…
Funding Litigation Costs for Tax Cases
By: Steve Burnham
The ATO says it can help fund your client’s reasonable litigation costs if the outcome of their case will affect a significant number of taxpayers by: Funding…
The Ato’s “GST-light” Offer for New Small Businesses
By: Steve Burnham
The ATO says that it has “listened to the concerns of small businesses, tax professionals, industry associations and software providers”, and is working towards reducing GST compliance…
The ATO’s “GST-light” Offer for New Small Businesses
By: Steve Burnhum
The ATO says that it has “listened to the concerns of small businesses, tax professionals, industry associations and software providers”, and is working towards reducing GST compliance…
Substantiation for Mobile, Home Phone and Internet Costs
By: Steve Burnham
The ATO has issued guidance on making claims for mobile phone use as well as home phone and internet expenses. Substantiation for mobile, home phone and internet costs
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Home Office Deductions: What Substantiation Will the ATO Accept?
By: Steve Burnham
Home office expense claims are subject to the same general substantiation requirements as other deductions – that is, records must be kept for five years.
But in…
Tax Office Moves Against Smsf Housing Plan
By: Rod Myer
The Australian Taxation Office has fired a shot across the bows of plans by DomaCom, an investment company, to allow self-managed super fund (SMSF) investors to live in…
Talking Point: Are We Ready for a Standard Work-related Expenses Deduction?
By: Steve Burnham
Even though tax reform is more than likely on hiatus for the next three years, it is worthwhile to re:visit that Tax & Super Australia made a submission…
