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4
Dec

Fringe Benefits Tax and Christmas Parties

Christmas parties aren’t all fun and joy, with the ATO requiring you to consider the Fringe Benefits Tax (FBT) implications of such events.  The two main methods for determining the FBT cost are the 50/50 and actual methods.  Note the same methodology must be used for meal entertainment benefits throughout...

4
Dec

GST on Property Acquisition

With the recent developments in the Commissioner’s appeal to the High Court against MBI Properties Pty Limited (“MBI”), it is more important than ever to ensure that you Dot the I’s and Cross the T’s when acquiring property in Australia.

4
Dec

SMSF's and Families - Should Your Children Join the Fund?

Often self managed superannuation funds (SMSF’s) are referred to as family superannuation funds because they have the ability for mum, dad and two children to be members of the fund.  This might seem like a great idea, but there are actually two sides to the story.

3
Dec

Update on UK CGT for Non-Residents

The UK recently announced that it will be changing the law in respect of the application of tax to non residents on the disposal of UK residential property.

10
Nov

Employee Fraud

Fraud is typically committed by employees who work in finance or in finance related roles, hold a senior management position, are often long standing employees, and are motivated by greed and lifestyle factors, such as gambling. In short, it is likely to be committed by a trusted manager.

10
Nov

Employee Share Schemes – the Changes that we had to have!

The Government has announced the long awaited reforms to the tax treatment of Employee Share Schemes (ESS), with new rules proposed to apply from 1 July 2015.