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12
Feb

Receiving a Distribution from a Foreign Trust

Late last year the ATO finalised its position concluding that capital gains made by a foreign trustee in respect of non-taxable Australian property (“TAP”) which is distributed to Australian beneficiaries will be taxed in the hands of the beneficiary.

12
Feb

Tax Treatment of Bitcoin

With the ever-growing popularity and notoriety of bitcoin we have noted below some broad guidance on investing into and using crypto currencies. Clearly part of the attraction of bitcoin as an investment has been the sharp increase in value, however, that carries with it the obvious investment risks as well...

10
Jan

Professional Firms Allocation of Profits under review

The ATO has suspended the application of its guidelines in relation to the use of structures and Everett assignments as of 14 December 2017 which apply to professional practices including lawyers, architects and doctors.

8
Jan

ESV Accounting and Business Advisors Appoint Lauren Cusack as Client Director heading Forensic Accounting & Litigation Support

ESV Accounting and Business Advisors is delighted to have welcomed Lauren Cusack as Client Director, together with Bill Jansen, leading the Forensic Accounting & Litigation Support service line. This comes as we continue to grow and expand our capabilities to meet the needs of our evolving client base.

22
Dec

ESV Accounting and Business Advisors Appoint Lauren Cusack as Client Director heading Forensic Accounting & Litigation Support

ESV Accounting and Business Advisors is delighted to announce the appointment of Lauren Cusack as Client Director heading Forensic Accounting & Litigation Support. This comes as we continue to grow and expand our capabilities to meet the needs of our evolving client base.

11
Dec

Australia’s corporate tax cuts – an incentive for doing business in Australia?

Overseas investors stand to be the main beneficiaries from the Federal Government’s plan to reduce the tax rate for companies carrying on a business from 30 per cent to 25 per cent by 2026-27.