The hidden impact divorce can have on your superannuation savings According to research by a large retail superannuation firm, going through a divorce can lump 10 more years on to the average Australian’s working life, as they endeavor to re-establish…
There’s a warning that sharemarket investors will hear at least once in their lives in some form or other – base decisions on investment merit, not on trying to save tax. It’s a maxim that has been put a more…
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Court decision on trade incentive payments could have far-reaching GST consequences– March 2014 A recent decision by the Full Federal Court dealt with the goods and services tax (GST) treatment of four types of manufacturer incentive payments made to a…
It is typical for people to consider stamp duty, land tax and income tax implications when they sell a property, but remember that it is equally important to consider whether the transaction will be subject to goods and services tax…
The current FBT year is just wrapping up, and it has been a period of potential turmoil with the proposal to scrap the statutory formula method for calculating car benefits. However not long after this landed on the legislative table…
Car expenses – a very popular deduction, but you’ve got to get it right– March 2014 Each year, the Tax Office reports that work-related expenses are the most common type of tax deduction claimed, and it also reports that one of the…
Vendor guide on GST treatment of residential premises It is typical for people to consider stamp duty, land tax and income tax implications when they sell a property, but remember that it is equally important to consider whether the transaction…
Regulatory Roundup – March 2014 More third-party tax compliance reporting planned Of the backlog of 92 unlegislated tax changes that were announced by the previous government, one of them that will go ahead deals with the introduction of third-party reporting…
Loan interest can be deductible to a partnership A general law partnership is formed when two or more people (and up to, but no more than, 20 people) go into business together. Partnerships are generally set up so that all…