Do you manage your own SMSF?. They are becoming very popular among savvy business people and high income earners because you can manage your own investments in the way you prefer.

The Second Commissioner of Taxation, Mr Andrew Mills, recently announced that a working group consisting...

The Tax Office has issued a Practice Statement which provides details of its code of settlement for taxation and superannuation disputes which includes disputes involving tax debt.

Draft legislation, in respect of the matter which was originally announced by the previous Government in March 2010, has been released.

The Tax Office has issued a media release advising that it has used new powers available to it to recover $8 million of employee super...

The Taxation Administration Act requires taxpayers paying royalties overseas to deduct withholding tax from those royalties.

The provision by an Airline of Airline tickets to their own or other Airline’s employees or employees of travel agents, is a fringe benefit...

A NSW couple has lost their Supreme Court case and have to pay land tax and penalties on a property that...

In January, the Board of Taxation released its report on removing taxation impediments to the success and growth of small business.

Many mining professionals are considering going overseas for work given the downturn in mining and exploration activity in Australia.

The Government will change withholding tax legislation so that a purchaser must withhold 10% of the sale price of real estate...

A member of a commercial, industry or self-managed super fund can apply to the Government for early release of funds on compassionate...

More than half of the financial institutions surveyed by Thomson Reuters will exceed their budgets for complying with new reporting requirements on US individuals and entities.

The NSW Court of Appeal has refused a claim for the primary production land tax exemption made by a couple for their property that was used for thoroughbred horse breeding.

A self-managed super fund may lose all of a loan it made to a Perth based public company that became insolvent six months later...

If you own a worthless CGT asset, get rid of it and crystallise a capital loss! You may not have to sell or get rid of worthless shares to claim a capital loss.

Concerned that an ABN quoted to you is not genuine? You can check this through the internet at www.abr.gov.au Always ensure that an ABN is quoted otherwise you must deduct withholding tax at the rate of 49%.

Companies must gross up franked dividends received and then can reduce tax payable by the amount of the franking credit.