August 2015 Newsletter
Work-related and rental property claims on ATO watch list
Tax time is in full swing and the ATO has highlighted areas of concern for individuals ahead of tax return lodgment...
Share-economy service providers need to assess tax implications
New internet and mobile technologies have allowed people to consider enterprises such as letting a spare room...
Franked distributions funded by capital-raising under scrutiny
The ATO has cautioned companies about raising capital to fund franked distributions. The ATO is reviewing...
Contrived dividend arrangements used by SMSFs flagged by ATO
The ATO is investigating arrangements where a private company with accumulated profits channels franked...
Lump sum finalisation payment taxable
An individual has been unsuccessful before the Administrative Appeals Tribunal (AAT) in a matter concerning the...
Nomad had continuity of association with Australia
An individual has been unsuccessful before the AAT in arguing that he had “let go” of Australia in 1999 to pursue...