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Tax Consolidation Refresher Part 2: Allocable Cost Amount (ACA)

In the second edition of our tax consolidation refreshers we consider the Allocable Cost Amount (ACA) process. In essence the ACA process is designed to replicate the accounting fair value approach and remove certain anomalies that would otherwise arise when determining whether to acquire a business (i.e. assets) or a company.


Business Owner Speaker Series

ESV held its first Business Owner Speaker Series at the Hilton’s Zeta Bar on the 13th November to celebrate the launch of its new brand identity.


Risk Management for Responsible Entities

ASIC is seeking to increase the effectiveness of risk management systems that responsible entities (RE) have in place. It has issued a consultation paper detailing the more targeted requirements of risk management to be issued by class order during the first quarter of 2014.


Thin capitalisation – how do you measure up?

In simple terms, the thin capitalisation rules operate so as to deny deductions for interest expenses where an entity’s debt exceeds the maximum allowable level. There are a number of different methods for calculating the maximum debt, the most common being the 'safe harbour debt amount'.


Blackhole Expenditure

The Commissioner has issued a Taxation Ruling affirming his views on the interpretation of the operation and scope of the blackhole provisions. Broadly, the blackhole provisions apply where:


Adding Value to your SMSF

Following a change in law, superannuation funds are now starting to borrow to fund certain investments.  Whilst the change in the law has been with us for a number of years, it is only now that more people are taking up the opportunity to borrow to invest in their Self...