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Tax Bites: Division 7A still causes confusion
Division 7A of the ITAA36 has been operational since 1997. However, the provisions are complex and their application extends beyond... read more
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Tax Bites: Introducing GST Withholding Tax
Making good on an announcement made in the May 2017 Federal Budget, the Government has introduced draft legislation which, if... read more
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Tax Bites: Timing mismatches between expenditure and income items between related parties
Section 82KK of the Income Tax Assessment Act 1936 is an often overlooked section which can act to deny deductions... read more
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FBT and the 2017/18 Festive Season
With the 2017/18 festive season fast approaching, it is worthwhile having a refresher of the Fringe Benefits Tax (FBT) implications... read more
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Tax Bites: Properties used in a business of a related entity
When applying the Small Business CGT Concessions, one of the threshold tests is firstly determining whether the asset being disposed... read more
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Tax Bites: 30% tax rate or 27.5% tax rate?
As a result of some confusion, the Federal Government has introduced legislation to confirm when a company is eligible to... read more
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Family Law: Tax, Accounting, Superannuation and Business Valuation Issues
BANKS GROUP WEBCAST https://youtu.be/GqvUUVMPkA4 Click here to download the slide booklet. This three-part webcast showcases valuable insights from Banks Group... read more
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Tax Bites: Incentivising key employees through options
A great way of retaining staff is to provide them with equity with retention and/or performance hurdles. Division 83A of... read more
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Tax Bites: Transfers of Dutiable Property – Be aware of the changes!
Over the last several years, there have been a raft of changes to the Victorian Duties Act that will increase... read more
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Tax Bites: Landholder duty and relevant acquisitions
Various States of Australia impose landholder duty (a type of stamp duty) on the transfer of units or shares in... read more