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FBT return checklist, CGT “market value”, rollovers, Div 7A reform,...
Thomson Reuters inTAX March 2013 features a 2013 FBT return checklist authored by FBT expert, Paul Mather, Director and founder of FBT, Payroll & Salary Packaging Solutions. So what is “market...
View ArticleModel taxpayer charter seeks to promote greater fairness in taxation across...
Three professional bodies representing more than 500,000 tax advisors worldwide have produced a Model Taxpayer Charter of taxpayer rights and responsibilities intended as a blueprint for what a good...
View ArticleNTLG bombshell: ATO structural changes may pose risk to taxpayers’ interests
Two key structural changes announced by the ATO at the National Tax Liaison Group (NTLG) meeting on 13 June 2013 have the potential to deconstruct the current tripartite tax law design and put the ATO...
View ArticleFBT concession for in-house fringe benefits via salary packaging removed
The Tax Laws Amendment (2012 Measures No 6) Bill 2012 passed the Senate on 25 June 2013 without amendment and effectively awaits Royal Assent. The Bill implements the measure announced in the Mid-Year...
View ArticlePM announces company car FBT changes to partly fund ETS bring forward
On 16 July 2013, the Prime Minister and the Treasurer formally announced that the Government would bring forward the start date of emissions trading to 1 July 2014. From that date, a floating price on...
View ArticleRemoval of FBT statutory formula for valuing car fringe benefits is “just”...
While many in Treasury may have seen it coming (or orchestrated it), many people in the tax profession and the car industry probably did not see the Government’s announcement to abolish the statutory...
View ArticleMini Budget: Govt announces budget surplus in 2016-17; tax and super-related...
On 2 August 2013, the Government released its Economic Statement (August 2013) ahead of the upcoming Federal election. The Government announced that it is “on track” to achieve a modest budget surplus...
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Non-commercial loss cases, salary packaging – employers’ concerns, CGT small...
The August 2013 edition of inTAX magazine features the following tax-related technical articles: Non-commercial losses: The Commissioner’s discretion and the nature of the business — Recent decisions...
View ArticlePressure grows on corporate tax transparency
The global tax transparency wagon has gathered a full head of steam and it seems won’t be stopped. Companies and their boards are on notice to take the issue seriously … and many are. The issue of tax...
View ArticleGovt announces its position on unlegislated tax and super measures
The Government this morning [Wed 6.11.2013] announced its formal position with respect to a large number of previously announced tax, superannuation and related changes that have not been legislated....
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FBT and executives; affiliates and the CGT small business tax concessions;...
The August 2014 edition of Thomson Reuters inTAX magazine features the following articles: Managing FBT on executives’ benefits is often misunderstood – Paul Mather, Director of FBT, Payroll &...
View ArticleFBT and fly-in-fly-out workers: company appeals Federal Court decision
Two companies in the John Holland group have appealed to the Full Federal Court against the decision of Jagot J in John Holland Group Pty Ltd & Anor v FCT [2014] FCA 1332 where the judge had...
View ArticleThe TWIT Report. What happended This Week In Tax? 9 Jan
In its comprehensive coverage of tax and related developments, Issue 1 of Thomson Reuters’ 2015 Weekly Tax Bulletin (published on 9 January 2015) contained the following reports: Practitioner Articles...
View ArticleTax and transparency – FBT
While it might not be the season, FBT joins “Justified Trust” on the ATO’s transparency and tax reform agenda. Here are five important changes to be aware of when it comes to FBT this year: Increased...
View Article2017 – another big year in tax! Just look at what WTB covered
Tax professionals know that 2017 has been another big year in tax. Are there any other kind of tax years other than big ones, you might ask! Clearly not! The proof of all of this comes from the...
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