When can your SMSF’s benefits be paid?
The money put aside in your self-managed superannuation fund (SMSF) is of course intended to be kept to fund the retirement of you and your…
The money put aside in your self-managed superannuation fund (SMSF) is of course intended to be kept to fund the retirement of you and your…
It’s not mandatory for a business to have an Australian business number (ABN), but there are a few good reasons why you should. Foremost among…
It is not uncommon for professional people who provide services to set up a separate entity to run their business, be it a trust, partnership…
The ATO is focusing on claims that investment property owners make for repairs to rental residences that it deems to in fact be “improvements”. The…
It is generally understood that for fringe benefits tax (FBT) to apply, the benefits paid are usually in respect of an employment relationship. Where some…
Whether you’ve been in business for years or you’re just starting out, choosing the right structure for your business is important. It is a consideration…
Employers: Beware “left-field” FBT liabilities It is generally understood that for fringe benefits tax (FBT) to apply, the benefits paid are usually in respect of…
Automatic cancelling of the ABNs of inactive trusts From February onwards, the registrar of the Australian Business Register will begin cancelling the Australian business numbers…
In the 2015-16 federal budget, the government announced that it will exclude “fly-in-fly-out” and “drive-in-drive-out” workers from claiming the zone tax offset (ZTO) where their…