Common mistakes in dealing with company tax debt
From worrells.net.au: Common mistakes in managing company tax debt can lead to overpayments and personal liability for directors.
Looking out for specific traps, such … read more
SME & Family Business
Avoid ATO Transfer Pricing Risks in Property & Construction
From au.andersen.com: ATO is honing in on ensuring compliance with transfer pricing and identifying risks in related-party financing within the property and construction sector. … read more
Jan 2025 Round Up | The looming Div 7A problem areas
From www.knowledgeshop.com.au: The ATO has issued draft determination TD 2024/D3 regarding Division 7A, indicating that a private company’s guarantee of a loan from another … read more
Government to push ahead with GIC deduction changes
From www.accountantsdaily.com.au: The Senate Economics Legislation Committee has recommended a bill to deny income tax deductions for general interest charges (GIC) and shortfall interest … read more
Family Loan Agreements
From www.unifiedlawyers.com.au: Family loan agreements formalize the terms of lending money to family members, outlining the loan amount, repayment schedule, interest rates, and responsibilities … read more
Removing The Executor Under A Will In QLD
From rcrlaw.com.au: Beneficiaries under a will in Queensland can take action to remove an executor if they lose confidence in the executor’s ability to … read more
Cash boost for apprentices
From michaelwest.com.au: Prime Minister Anthony Albanese announced a $626 million commitment to increase apprentice allowances in housing construction and clean energy, with eligible apprentices … read more
From bricks and mortar to online
From publicaccountant.com.au: Sarah Lees transitioned her homewares business, Home and Abroad, online after over twenty years of operating a physical store, motivated by the … read more
Complex issue of capacity
From www.smsfadviser.com: Capacity refers to an individual’s cognitive ability to understand the nature and implications of their decisions, which can significantly impact roles such … read more
New funding lightens the load of hiring an apprentice
From www.aigroup.com.au: Eligible small and medium-sized businesses can receive payments of up to $5,200 per year to help cover the costs of hiring an … read more
Understanding Constructive and Resulting Trusts
From mdl.com.au: Constructive trusts and resulting trusts are important concepts in property law that serve to address unfairness in ownership and benefits.
A constructive … read more
Sophisticated Scam Emails Impersonating IP Attorneys
From www.iplawwatch.com: Sophisticated scam emails are circulating that impersonate IP attorneys, misleading business owners about trademark assistance.
These scams often contain urgent requests, typographical … read more
Don’t touch your company’s money – Div 7A mistakes
From www.bartier.com.au: Division 7A of the Income Tax Assessment Act 1936 prevents private companies from providing benefits to shareholders or their associates from retained … read more
Transferring Assets After Death
From pcllawyers.com.au: Information on the transfer of various types of assets after death, detailing how personal property, company and partnership assets, trust assets, and … read more