Compiled by our tax experts at NTAA Company loans to shareholders under review The Government has released a consultation paper outlining proposed reforms to ‘simplify’ the loan agreements that are generally required when a shareholder (or their associate) borrows funds (or receives a payment) from a related company. Editor: Broadly, where a private company makes […]
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Scammers Impersonating Tax Agents
Compiled by our tax experts the NTAA The ATO has received increasing reports of a new take on the ‘fake tax debt’ scam, whereby scammers are now impersonating registered agents to lend legitimacy to their phone call. The fraudsters do this by coercing the victim into revealing their agent’s name and then initiating a three-way […]
Practice Update: November 2018
Compiled by our tax experts the NTAA Fast-tracking tax cuts for small and medium businesses The Government has fast-tracked the already legislated tax cuts to small and medium businesses by bringing them forward five years. Companies with an aggregated turnover of less than $50 million will have a tax rate of 25% in the 2022 […]
Workplace Relations Newsletter: October 2018
– WORKPLACE RELATIONS NEWS – By Tania Harris – A REFERENCE POINT to Learn Changes in Law. – Issues that Affect your Business. – Keeping Employers up to date CASUAL CONVERSION from October 1, 2018 As a result of the Fair Work Commission (FWC) Casual Employment Decision, changes will occur to 85 Modern Awards providing […]
Workplace Relations Newsletter: September 2018
– WORKPLACE RELATIONS NEWS – By Tania Harris A REFERENCE POINT to Learn Changes in Law & Issues that Affect your Business, keeping Employers up to date. Important Landmark Decision Affecting Casual Employees A recent Full Federal Court decision, has led to fears of back payment of Wages, arising from the engagement of Casual Employees. […]