June 17, 2024 If you have an outstanding loan from a private company at the time of the company’s lodgement date, you will need a complying Division 7A loan agreement to be in place. The agreement needs to set out…
October 15, 2024 The new Administrative Review Tribunal (ART) replaces the Administrative Appeals Tribunal (AAT). It began its operations on the 14th October 2024. The Government is promoting the new Tribunal as ‘user-focused, accessible, independent and fair’. Changes include: For…
January 15, 2025 The Australian Taxation Office (ATO) has issued a tax payer alert in response to a new tax avoidance scheme being promoted in the community. Main points of the scheme as stated by the ATO are: Advisers who…
January 16, 2025 The Australian Taxation Office (ATO) are currently reviewing arrangements that may incorrectly avoid the application of Division 7A to lending arrangements. For example: The ATO may deem the repayments unfranked dividends to the shareholders under Division 7A.…
The Australian Taxation Office (ATO) has issued a tax payer alert in response to a new tax avoidance scheme being promoted in the community. Main points of the scheme as stated by the ATO are: Advisers who promote these schemes…
The Australian Taxation Office (ATO) are currently reviewing arrangements that may incorrectly avoid the application of Division 7A to lending arrangements. For example: The ATO may deem the repayments unfranked dividends to the shareholders under Division 7A. The Commissioner may…
