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ATO targets Division 7A avoidance scheme

15/02/2023

On 8 February 2023, the ATO released a new Taxpayer Alert sounding a warning to taxpayers seeking to access private company profits tax free via a scheme involving the interposition of a holding company to access company profits tax free. The Taxpayer Alert notes that participants in, and promoters of these types of arrangements, may […]

Accounting & compliance

21/12/2021

Compliance with and lodgment of statutory documents has never been more complex, from individual tax returns through to businesses small and large. Compliance obligations apply from a wide range of bodies at various times in the year, including: Australia Taxation Office income tax returns FBT returns GST returns superannuation payments and reporting Australian Securities and […]

ALERT: Change to CGT Implications for Foreign Residents - Legislation to be delayed

29/05/2018

Don’t delay understanding the tax impact for you and formulating a tax strategy. The Bill was flagged in last year’s Budget announcements and proposes to remove the Capital Gains Tax (CGT) exemption on the sale of a main residence for foreign residents. This will affect Australian citizens, permanent residents and New Zealand citizens who are […]