Family Trust Elections
The ATO recently conducted a webinar on Family Trust Elections (FTEs) to increase awareness of the reasons why a trustee…
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Knowledge library
Stay up to date with the latest insights from our Advisors in our Knowledge section.
Documenting gifts and loans from related parties
In a recent article on The onus of proof and substantiation, we discussed how it is the taxpayer that has…
The onus of proof and substantiation
If the Commissioner either amends an assessment or issues a default assessment and the taxpayer does not agree with the…
Federal Budget 2025 Update
On Tuesday, 25 March 2025, Treasurer Jim Chalmers handed down the 2025-26 Federal Budget.
Victorian accommodation just got more expensive with the short stay levy
From 1 January 2025, the 7.5% short stay levy applies to Victorian accommodation bookings where the stay is for less…
Bendel’s Case and its Implications
In a long awaited decision, the Full Federal Court has unanimously ruled in favour of the taxpayer in FCT v…
SMEs now have 4 years to request amendment of income tax returns
Small and medium businesses generally have an amendment period of 2 years. That is, the ATO has a 2 year…
Recent changes to the CGT withholding regime
The CGT withholding regime was introduced in 2016 to ensure better compliance by foreign residents in respect of their Australian…
Purpose of the Next 5000 Checklist
The Next 5,000 Checklist serves as a comprehensive guide designed to help private companies and family groups navigate the Australian…
SMSF Update
As we enter the 2025 Financial Year, there are a few matters you may want to consider for your SMSF.
