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Profits of professional services firms guildlines suspended

In 2015 the ATO published some guidelines ‘Assessing the risk: allocation of profits within professional firms’ which aimed at ensuring that profits derived from professional services firms were taxed in an appropriate manner. In broad [...]

By | February 15th, 2018|Categories: General|0 Comments

Santa’s Tax Crises

A light-hearted look at the complexity of Australian taxation laws. Dear Santa, Thank you for the opportunity to provide tax advice for your operation. We are pleased you have initiated this advice as the Australian [...]

By | December 12th, 2017|Categories: General|0 Comments

New legislation restricts access to the reduced company tax rate

Legislation restricting access to the small business company tax rate reduction entered Parliament last month. The changes specifically preclude companies with passive investments such as rental property income from qualifying for the small business entity [...]

By | November 21st, 2017|Categories: General|0 Comments