Tax and Christmas party planning
Christmas will be here before we know it, with smarter business owners already planning their end-of-year festivities. Celebrating the season can be team-building or just…
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Read MoreTax and Christmas party planning
Borrowing from the business and Div 7A
Hand in your own till? Beware Division 7A Business owners of private companies often borrow money from their own companies for all sorts of reasons.…
Profit-making “intention” of asset ownership can influence tax outcome
A profit that arises from the carrying out of a profit-making undertaking or plan (that is, one with a profit-making intention) will be assessable as…
Taxation of foreign income derived by Australian residents
Under Australia’s taxation regime, resident taxpayers are subject to income tax on both income derived in Australia and on foreign sourced income. As a general…
Is the tip you leave on a café table assessable?
Have you ever gone to pay for your coffee or lunch and saw the tip jar at the local café counter, and wondered how (or…
Client Newsletter – November 2017
Click here for a pdf version of this article. Tax and Christmas party planning Christmas will be here before we know it, with smarter business…
Regulatory Roundup – November 2017
Changes to the depreciation of intangible assets Business taxpayers will know that asset depreciation is an important aspect to their business’s tax health and longevity.…
The secret life of TFNs
Tax file numbers (TFNs) are so much an everyday element when dealing with tax and the ATO that many taxpayers won’t give it a second…
What the proposed super schemes offer
After waiting for what seems like an eternity, the government has finally put to Parliament its proposed legislation around two of its proposed schemes, the…