Tax Disputes (Revealing The Real Battle)

Tax Disputes (Revealing The Real Battle)

Managing tax disputes can be like wrestling with a superhero It is sometimes said that a superhero like the DC Comics character Superman can be an uninteresting character because he is, for all practical purposes, indestructible. Critics have said the knowledge that...
Consumer Compensation (What You Need To Know)

Consumer Compensation (What You Need To Know)

Consumers compensated by financial firms need to consider tax consequences Impact of Financial Services Royal Commission With the ongoing financial services Royal Commission, and likely future cases brought before various courts for compensation — or indeed the...
ATO Taxpayer Alerts

ATO Taxpayer Alerts

Be aware of the “taxpayer alert” Have you ever read or heard about a “taxpayer alert” being issued by the ATO? Taxpayer alerts are the ATO’s “early warning” signals to the public about a certain area of concern; it could be about fraudulent schemes, or dodgy...
Personal Services Income (A Quick Overview)

Personal Services Income (A Quick Overview)

What is personal services income? Many professional people who provide services set up a separate entity to run their business, be it a trust, partnership or incorporated company. The purpose, of course, is the lower tax rate that these can secure, rather than at the...
Private Tax Rulings (What You Need To Know)

Private Tax Rulings (What You Need To Know)

Private ruling facts Some people believe you may be able to coerce a better tax outcome by applying for a private ruling from the ATO, but there are some sober facts that you may need to keep in mind if you have thought of doing this yourself. While it is the case...