tax

Is that benefit caught by Division 7A or FBT?

A common occurrence, particularly in family companies, is the provision of benefits to shareholders of a company in which those same shareholders are also directors of the company. The question will then arise; is that payment caught by Division 7A or FBT? As a general rule, a fringe benefit arises if the company provides a

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Lodgment rates and thresholds online guide now available FREE

Your complete practice companion, containing every tax rate and threshold in Australia’s tax system for 2017-18, is now available. Lodgment rates and thresholds online guide For quick access to this guide please add this page to your browser’s bookmarks. The Lodgment rate and thresholds guide includes all of the following details, all in one convenient

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Upcoming ATO open forums for practitioners

As part of its ongoing engagement with tax practitioners, the ATO has announced some upcoming ATO open forums for practitioners. It will again be holding these open forums in a range of locations across Australia between September and December 2017. Open forums are an opportunity for tax practitioners to have an open two-way dialogue with

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Who is assessable on interest income? Those who “benefit”

It is a fairly well-established and welcome act for an aunt or uncle or of course a parent to start a savings account for a new addition to the next generation. It is not so common however, among the warm and generous emotions that accompany such a gift to factor in the taxation obligations that

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