What you need to know about the beefed-up director penalty regime
Being a director of a company, as with any elevation of status, is a role that also brings with it added responsibilities and duties. Company…
Companies Trusts, Partnership
Read MoreWhat you need to know about the beefed-up director penalty regime
Tax losses and franking offsets for corporates
Companies are not entitled to a refund of franking tax offsets, however they may be able to convert them to carried forward losses in subsequent…
Do you need an agreement with your business partner?
Going into new business with other people is exciting and can be extremely rewarding. A formal agreement can set the ground rules and stop owners…
Franking and the new corporate tax rates
As many taxpayers will know, the maximum franking credit that can be allocated to a frankable distribution paid by a corporate tax entity is based…
Are you Division 7A compliant?
Division 7A is an integrity measure that was designed to prevent companies from making tax-free distributions to shareholders or their associates. This can occur where…
2 minute quiz: Partnerships
How well do you understand the taxation of partnerships? Try these questions to find out Question 1 Which of the following is the definition of…