Stay alert for scams and fraud
The Australian Taxation Office (ATO) is committed to educating taxpayers on how to protect themselves against tax scams and identity theft. It says that up…
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Read MoreStay alert for scams and fraud
What if you are forced to unwind your LRBA? Best to have a contingency plan
Limited recourse borrowing arrangements (LRBAs) were once all the rage in SMSF land. However, with the tightening of banking rules this frenzy has begun to…
Ordinary time earnings: What’s in, what’s out
The superannuation rules stipulate that an employee’s earnings base must be the amount on which minimum superannuation contributions are payable to avoid the superannuation guarantee…
GST and the buying or selling of real estate premises
Whether a sale of property is subject to GST will be dependent on a number of factors. The sale of real property must be made…
Understanding novated leases, FBT and claims for work-related car expenses
A novated lease is a popular way for employers to reward and incentivise their staff. Through a salary sacrifice arrangement that includes a novated lease,…
The ins and outs of “entertainment” business deductions
As a tax concept, “entertainment” can be relevant not only to fringe benefits tax (FBT), but also to income tax and even goods and services…
Client Newsletter – December 2017
Click here for a pdf version of this article The ins and outs of “entertainment” business deductions As a tax concept, “entertainment” can be relevant…
Regulatory Roundup – December 2017
Square-peg expense won’t fit in a round-hole deduction? It could be a D15 Now and then you may be required to look around for a…
Is that a travel allowance or LAFHA?
Travel allowances are paid to employees where in some cases the period away from home is less than 21 days, and in others, more than…