Whether you’re running an established business or looking to start a brand new business getting the right advice is key to operating a successful venture. In Australia, small business owners have some high quality, inexpensive sources of advice and information that can help.
Family Trusts, also known as Discretionary Trusts are a popular way of structuring small business in Australia, but Family Trusts are are in the ATO’s firing line with news that trustees could lose their streaming benefits under a new ruling soon to be released by the ATO.
The federal government’s review into the taxation of trusts is the most significant attempt at trust tax reform in the last decade, according to the Institute of Chartered Accountants in Australia.
The end-of-year office drinks is a festive tradition in Australia, but the annual work Christmas party could cost companies in unexpected fringe benefits tax, according to Nexia Court & Co.
Superannuation provider REST Superannuation conducted an online snap poll of 600 of its members and found that one in five have lost track of their superannuation and no idea how many super funds they currently have.
A promised advisory board to shape Australian Tax Office corporate governance has some positives but was peripheral to the real business of reform, the country’s leading taxation professional body said today.
The Australian Taxation Office (ATO) is launching an online data mining offensive on online traders using eBay and The Trading Post websites during the last 3 financial years to catch tax cheats.
Ongoing uncertainty over the tax treatment of trusts has emerged as the top election issue for Australia’s taxation professionals.
Changes to Trusts by the Australian Taxation Office will begin to impact small business this year, with business owners urged to complete a new Taxation Plan to avoid trouble.
