Tax

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

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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

Tax

Division 7A advice for clients ‘currently next to impossible’

The government has been called to clarify its position on the proposed changes to Division 7A ahead of the looming 1...

17 January 2020 • By Jotham Lian

Tax

Accountants underestimating depreciation for SMSF properties

A depreciation specialist has cautioned accountants against underestimating the level of depreciation available to...

17 January 2020 • By Sarah Kendell

Tax

New legislation broadens STP reporting scope

Employers will voluntarily be able to report deductions related to child support from employee salary or wages through...

16 January 2020 • By Grace Ormsby

Tax

ATO updates disaster relief fund list

The ATO has released an updated list of Australian disasters that meet the criteria for endorsement as tax-deductible...

16 January 2020 • By Grace Ormsby

Tax

Queensland director disqualified for tax indiscretions

The corporate regulator has disqualified a Queensland director for two years following his involvement with seven...

16 January 2020 • By Reporter