This month we look at: when is a gift really a gift and what happens if the ATO takes a different view? Plus, divorce implications for you and your business, and new TPB requirements for tax agents.
The Tax Commissioner has successfully argued that more than $1.6m deposited in a couple’s bank account was assessable income, not a gift or a loan from friends. Pages 1-3. Read More
Breaking up is hard to do. Beyond the emotional and financial turmoil divorce creates, there are a number of issues that need to be resolved. Page 4. Read More
The Government has amended the legislation guiding registered tax practitioners to include compulsory reporting of material uncorrected errors to the Tax Commissioner. Pages 5-6. Read More
“Only the guy who isn't rowing has time to rock the boat”.
Jean-Paul Sartre, Philosopher
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