Bendel HC decision clarifies Div 7A treatment of unpaid present entitlements
Landmark decision clarifies that unpaid present entitlements to corporate beneficiaries are not loans for Division 7A, ending years of uncertainty...
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Intermediary rules – are changes in the wind?
An Inland Revenue issues paper proposes changes to intermediary rules, including new categories and replacing the 10-client rule...
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Reforms proposed for tax practitioner sanctions and compliance (AU)
Reforms proposed for tax practitioner sanctions...
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Online Services for Agents review commences
Improvements to OSfA are needed to address system limitations that hinder tax agent productivity...
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GIC remission review released
CA ANZ supports the Tax Ombudsman’s 4 recommendations which address member concerns about lack of guidance, inconsistent outcomes and the need for better explanations of decisions...
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Family trust elections: common traps triggering FTDT
Small mistakes, big consequences: how common family trust election missteps are triggering unexpected family trust distribution tax...
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Family trust elections: fixing a system that no longer works
Family trust election rules are creating disproportionate risk for family businesses and their advisers, highlighting the urgent need for certainty and reform...
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First steps toward greater consistency in GIC remissions
Chartered Accountants ANZ welcome ATO changes to interest and FTL penalty remission requests based on member feedback...
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Australian holiday homes tax changes
The ATO has published draft guidance revealing a changed approach to the taxation of holiday homes...
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ATO debts on hold
$10B of debts placed on hold after 1 January 2017 are being added to taxpayer’s accounts and will be subject to the general interest charge after 6 months...
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“We never signed anything—how could it be a partnership?”
Why Inland Revenue’s new Interpretation Statement on partnerships matters more than you think...
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Federal Budget 2025-26: broadening Tax Practitioners Board sanctions
Budget 2025 broadening Tax Practitioners Board sanctions...
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Federal Budget 2025-26: The regulation of tax agents
Funding has been provided to modernize tax agent registration, strengthen TPB sanctions and support TPB compliance. Find out more about these proposals...
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Cost of tax debt to soar in 2025
From 1 July 2025 the general interest charge and shortfall interest charge will become non-deductible, dramatically increasing the cost of tax debt to businesses...