Tax

Tax

Practitioners warned over Div 7A journal entry practices

Accountants have been urged to be careful when it comes to complying with rules governing the payment of a dividend by...

30 January 2020 • By Jotham Lian

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Tax

ATO commences action on Australians embroiled in international tax evasion probe

Australia-based clients of an unnamed Central American bank will now come under the scrutiny of the ATO after an...

24 January 2020 • By Jotham Lian

Tax

Accountants urged to get clients on the front foot with late SG payments

The upcoming Australia Day long weekend could trip up employers with the late payment of superannuation, leaving them...

23 January 2020 • By Jotham Lian

Tax

Clients warned on discretionary trust amendments ahead of retrospective duty,...

Clients with discretionary trusts that hold or intend to hold residential land in New South Wales have been urged to...

23 January 2020 • By Jotham Lian

Tax

ATO sounds warning on FBT calculation method

The ATO has put business clients on alert over the use of the market value method in calculating car parking benefits...

22 January 2020 • By Jotham Lian

Tax

Voluntary super a ‘blatant tax grab’: ISA

A proposal to make super voluntary for low-income earners would be nothing more than a “blatant tax grab”, according...

22 January 2020 • By Jotham Lian

Tax

Labor to discard franking credit proposal

Opposition Leader Anthony Albanese has all but promised to not take Labor’s controversial franking credit proposal to...

21 January 2020 • By Jotham Lian

Tax

SG loophole measure now in force

Employers have been reminded that a new law that ensures an individual’s salary sacrifice contributions cannot be used...

20 January 2020 • By Jotham Lian