Net closes on tax cheats
The Australian Taxation Office (“ATO”) is making it harder for people in
business who deliberately use cash transactions to hide income and evade tax
obligations – making it fairer for everyone. Read more…
The Tax Institute: Change is in the Air!
2011 Trusts Distributions – Has Treasury Got it Right?
This is your opportunity to take part in the development of the law in real time.
The recently released Exposure Draft legislation will seriously impact on family trusts and managed investments trust decision making in just over 2 months’ time. The new laws will allow flow through of franking credits and capital gains but in an unexpected fashion.
Read more…