Filters:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
View Article
February 25, 2016
-
Andrew Lovett

Question:

New foreign investors beware: Co-operate with the Tax Office or be forced to sell-up

Foreign companies investing in Australia will have new obligations to co-operate with the Tax Office, and if they don’t keep the tax man happy they could...
View Article
International Business
Tax Insights
Business Insights
View Article
February 25, 2016
-
Andrew Lovett

Question:

Foreign owners of agricultural land: Register now

Foreign agricultural land owners must notify the Tax Office if they hold agricultural land, acquire new agricultural land or dispose of agricultural land...
View Article
International Business
Tax Insights
View Article
February 24, 2016
-
Andrew Lovett

Question:

Australian Securities and Investments Commission - is it up to the task?

Log on to ASIC’s website – www.asic.gov.au and you can obtain information about how to make a complaint or report misconduct...
View Article
Tax Insights
Business Insights
View Article
February 24, 2016
-
Andrew Lovett

Question:

Bank information shared with USA Internal Revenue Service

View Article
Business Insights
Tax Insights
View Article
February 24, 2016
-
Andrew Lovett

Question:

Renting former home out, repairs costs

Last year, we moved out of our home to relocate and signed an agency agreement and got the real estate agent to find...
View Article
Tax Insights
View Article
February 24, 2016
-
Andrew Lovett

Question:

Allocation of Franking Credits by Trustees

A recent Federal Court decision has made it abundantly clear that franking credits must be allocated to beneficiaries in the same proportion as the relevant dividends.
View Article
Business Insights
Tax Insights
View Article
February 24, 2016
-
Andrew Lovett

Question:

Initial Repairs

View Article
Tax Insights
View Article
February 15, 2016
-
Andrew Lovett

Question:

Can’t claim $20k loss: Share trading not a business

In a tough decision, the Tribunal has refused a $20k deduction for losses in share trading activities for a casual childcare educator in the 2011 tax year (Devi v FCT [2016 AATA 67]).
View Article
Tax Insights
Business Insights
View Article
February 15, 2016
-
Andrew Lovett

Question:

Netflix tax before Parliament

View Article
Business Insights
International Business
Tax Insights
View Article
February 15, 2016
-
Andrew Lovett

Question:

Appeal lost: Foreign companies were tax residents of Australia

The Full Bench of the Federal Court declined an appeal by multiple foreign companies against an assessment based on them being Australian tax residents.
View Article
International Business
Tax Insights
Business Insights
View Article
February 15, 2016
-
Andrew Lovett

Question:

Sale of land for $2m or more? Buyer beware (and seller)!

Foreign resident capital gains withholding payments will apply where a foreign owner sells land or land interests with a market value of $2m...
View Article
Tax Insights
View Article
August 11, 2015
-
Andrew Lovett

Question:

Employee Share Schemes (ESS)

These highly valuable benefits fell into disfavour following amendments to the taxing provisions introduced by the previous Government.
View Article
Tax Insights
View Article
August 11, 2015
-
Andrew Lovett

Question:

Yet another taxpayer win

Deep pockets were needed but in Haritos & Anor. v FC of T (2015) ATC, the Full Federal Court struck down earlier decisions...
View Article
Tax Insights
View Article
August 11, 2015
-
Andrew Lovett

Question:

Increasing Tax Office scrutiny on international transactions

In recent times, there have been a number of enquiries into what the OECD calls Base Erosion and Profit Shifting (BEPS).
View Article
International Business
Tax Insights
View Article
August 11, 2015
-
Andrew Lovett

Question:

Small business $20,000 tax write off

There was great joy, not only for small businesses but also for many retailers, from the 2015 Budget announcement of the $20,000 tax write-off...
View Article
Tax Insights
Business Insights
View Article
August 11, 2015
-
Andrew Lovett

Question:

Personal services business and the results test

You will avoid attributed personal services income and be operating a personal services business if you can satisfy the results test.
View Article
Tax Insights
Business Insights
View Article
August 11, 2015
-
Andrew Lovett

Question:

Fringe benefits tax rules tightened for not-for-profits

Currently, employees of certain not-for-profits can salary sacrifice entertainment benefits.
View Article
Business Insights
Tax Insights
View Article
July 14, 2015
-
Andrew Lovett

Question:

Extra pay day in the 2015-16 financial year?

Where you are paid weekly on a Wednesday or Thursday, you will actually have 53 pay days during the financial year ending 30 June 2016 and similarly...
View Article
Tax Insights

One idea, could help you save tax – let’s get creative.

Consulting Accountants  .  Taxation Specialists  . Business Improvement