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ATO issues warning to directors of companies with outstanding tax debts
It has been reported that this week, the ATO has sent around 50,000 letters to directors of companies with outstanding... read more
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2022/23 Federal Budget Report
On 29 March 2022, the Federal Treasurer released the 2022/23 Federal Budget. In a Federal Election year and with an... read more
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Tax Bites: Extracting Funds from a Company
It is not uncommon for funds to be locked-up in a company. These may have been generated over many years... read more
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ATO issues rulings that may significantly impact trust distribution strategies
On 22 February 2022, the ATO released several rulings that will no doubt impact the way in which trusts seek... read more
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ATO releases final ruling on allocation of professional firm profit
On 17 December 2021, the ATO released PCG 2021/4 which outlines its view on allocating risk profiles to practitioners of... read more
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FBT and the 2021/22 Festive Season
With the 2021/22 festive season nearing, it is once again worthwhile having a refresher of the Fringe Benefits Tax (FBT)... read more
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Tax Bites: Death and the tax rollover
Division 128 of the Income Tax Assessment Act 1997 provides tax rollover where CGT assets that the deceased held immediately... read more
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Tax Bites: Small business CGT concessions and superannuation contributions
We all know that the small business CGT concessions consist of a suite of concessions that can be applied where... read more
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Six tax tips for individuals that may help you to pay less tax
When completing your tax return there is likely to be one key question on your mind: How can I do... read more
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EOFY FAQs – Strategies for Business
You have questions, we have answers. With the end of the financial year approaching, it is a great time to... read more