ATO can increase (or reduce) its penalties
The ATO says its base tax penalty amount may be increased or reduced. The base penalty amount may be increased where the taxpayer hinders the…
The ATO says its base tax penalty amount may be increased or reduced. The base penalty amount may be increased where the taxpayer hinders the…
The ATO has recently released the latest of what has become a regular update on the state of the SMSF market. The Self-managed super fund…
Investment returns can be on revenue or capital account. Similarly investment expenditure could also be on revenue or capital account. The distinction between revenue and…
Investment products may be held as trading stock by a taxpayer carrying on a business of share trading or options trading. However, whether a particular…
The CGT relief concessions that are available to small businesses can be very generous. However they can also be complex and confusing, so knowing a…
Click here for a pdf version of this article. Look before you leap: the small business CGT concessions The CGT relief concessions that are available…
Deduction for association subscriptions — eligibility can endure into retirement Many professional, business or trades people are members of an association, and during their working…
The law contains an integrity measure to prevent sharemarket investors from engaging in “dividend washing”. Dividend washing results in two sets of franking credits being…
One overarching fundamental that SMSF trustees should ideally keep in mind is the sole purpose test — that is, every decision made and action taken…