Tax News

Choosing Your Business Structure

April 16, 2013

When entering into a new business venture, it is common for business owners to consider the type of business structure to use.  It is important to choose the structure best suited to your business needs as the type of structure may affect: your asset …

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Choosing Your Business Structure

April 16, 2013

When entering into a new business venture, it is common for business owners to consider the type of business structure to use.  It is important to choose the structure best suited to your business needs as the type of structure may affect: your asset …

Read more

Valuation Requirements For Self-Managed Superannuation Funds

April 9, 2013

Whilst it has always been best practice to value the assets of self-managed superannuation funds (“SMSFs”) at market value when preparing its financial statements and accounts, there is now a legislative requirement to do so from 1 July 2012. &#822…

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Investing In Overseas Rental Property

April 4, 2013

Australian residents who invest an overseas rental property are assessed on that rental income in Australia in a similar way to income received from an Australian rental property.  Rental expenses such as council rates, water rates, property agent fee…

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Compliance Lodgment Dates: 1 April 2013 to 30 June 2013

March 12, 2013

Please find below some important dates relating to your lodgment and compliance obligations arising in the period 1 April 2013 to 30 June 2013. 21 April 2013 Due date for lodgment and payment of monthly activity statement for March 2013. 28 April 2013

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Compliance Lodgment Dates: 1 April 2013 to 30 June 2013

March 12, 2013

Please find below some important dates relating to your lodgment and compliance obligations arising in the period 1 April 2013 to 30 June 2013. 21 April 2013 Due date for lodgment and payment of monthly activity statement for March 2013. 28 April 2013

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Borrowing and SMSF

March 7, 2013

A self-managed superannuation fund (SMSF) is generally prohibited from borrowing money.  However, in limited circumstances, the borrowing is allowed where the borrowing is a limited recourse borrowing arrangement. Take the following example for instan…

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Borrowing and SMSF

March 7, 2013

A self-managed superannuation fund (SMSF) is generally prohibited from borrowing money.  However, in limited circumstances, the borrowing is allowed where the borrowing is a limited recourse borrowing arrangement. Take the following example for instan…

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Discretionary Trusts – How Are They Taxed?

February 28, 2013

There has been a lot written in the press lately about a certain events examined by the ICAC.  It has been noted that various members of a particular family were able to purchase real estate worth millions of dollars, even though their salary did not …

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Discretionary Trusts – How Are They Taxed?

February 28, 2013

There has been a lot written in the press lately about a certain events examined by the ICAC.  It has been noted that various members of a particular family were able to purchase real estate worth millions of dollars, even though their salary did not …

Read more