For tax and employment-related reasons, distinguishing your worker as an employee or independent contractor can be a difficult yet vital necessity. The below purposes all require a different definition of contractors and employees, entitling the worker to different...
In Abichandani v FCT [2019] AATA 4296 (‘Abichandani’s case’), the Administrative Appeals Tribunal (AAT) decided that loans made by a company to its shareholders and the transfer of property to an associated entity gave rise to deemed dividends under Division 7A of the...
From 1 July 2017 (i.e. the 2018 financial year) investors have no longer been able to claim deductions for travel expenses relating to collecting rent from or for inspecting, maintaining or repairing residential premises used as rental properties, subject to certain...
Further changes are expected to be made to the small business CGT concessions. These particular changes are intended to be applied in relation to CGT events involving shares in a company or units in a trust and specifically outline changes to the existing active asset...
Companies can carry forward tax losses and deduct them against income derived in later years, subject to satisfying certain rules that are designed to prevent trafficking in losses. These rules primarily allow a company to claim deductions for prior year revenue tax...
From 1 July 2017 (i.e. the 2018 financial year) investors have no longer been able to claim deductions for travel expenses relating to collecting rent from or for inspecting, maintaining or repairing residential premises used as rental properties, subject to certain...
