Hot Topics

Christmas Office Closure 2021

We wish all our clients and their families a wonderful Christmas and fabulous holiday season. And may 2022 be a healthy, wealthy and wise year for us all!

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CGT Rollover Relief

Many business owners are aware of the basic commercial elements required to qualify for Small Business Capital Gain Tax relief Provisions. But there are some under-utilised opportunities and some traps to avoid...

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SMSF Auditors Being Closely Watched by ATO

The mandatory reporting regime where Auditors must make Contravention Reports to the ATO where non-compliant funds are found has resulted in thousands of Contravention Reports being lodged in Calendar 2013. Trustees are well advised to retain the services of up to date competent professional advisers.

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Changes to Super Laws

The Abbott Government has completed it’s review of the superannuation and tax changes announced by the previous Labor Government but which had not been passed into law before the federal election earlier this year. As a result there ARE changes to Super Laws – Already Introduced and Pending Parliament Approval.

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Div 7A & Family Property Settlements

In TR 2013/D6 the ATO has reversed its position and indicated that a payment from a private company to a spouse pursuant to a court order will not satisfy the requirements for exemption under section 109J and will be a deemed Division 7A dividend and as a result tax will be payable on these payments now.

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