Tax Law Partnerships and Apportioning Profits and Losses

How do tax law partnerships differ from regular partnerships? A tax law partnership is defined by the ATO as an ‘association of persons (other than a company or a limited partnership) … in receipt of ordinary income or statutory income jointly’. This differs to...

Tribunal decisions affecting self education expense claims

As a result of the attention placed on these claims, audit adjustments and penalties being imposed on individuals are a common occurrence.  Outlined below are two examples of cases that the ATO had adjusted and imposed penalties on the respective individuals. In both...

Resolving your Building Disputes

Building or renovations can be a stressful time for you as you wait to see your dream home or building come to life and unfortunately things may not always go to plan. Disputes may arise between you and your builder or tradesperson. However there are a number of steps...

How much is my business worth?

It’s a question we get asked all the time. To be frank, the question of how to value a business does not have a clear answer – it’s a mix of both art and science. Despite that, this article endeavours to outline some of the considerations business valuers make while...