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...

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 Practice Statement which provides details of its code of settlement for taxation and superannuation disputes which includes disputes involving tax debt.

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

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.

Currently, if you want to complain about the treatment you have received from the Tax Office, you can go to the Commonwealth Ombudsman...

Revenue laws are deliberately framed to advantage the revenue collector –the Tax Office.

The Australian Charities and Not-for-profits Commission (ACNC) has revoked the registration of 392 charities who have not completed and lodged outstanding Annual Information Statements.

Valuations of assets and businesses are frequently needed for taxation purposes.

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

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...

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.

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.

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

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

You may be able to claim deductions for capital expenditure incurred in the creation or purchase of an Australian patent, registered design or copyright.

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

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%.