Bruce Collins – Tax Controversy Partners Recent developments in payroll tax in some Australian jurisdictions have raised serious issues for medical practitioners which may result in medical practice operating entities becoming liable for greater payroll tax based on various payments made to the medical practitioners themselves being included in the relevant payroll tax thresholds…
The Tax Institute conducted its 7th Annual Victorian Tax Forum, in Melbourne over 17 & 18 October 2019, and Mr Neil Brydges of Melbourne legal firm: Sladen Legal, delivered a paper entitled: ‘Australian Residents, Foreign Trusts and Foreign Funds – The New Black! ‘ This is an important paper covering the Australian tax implications for Australian taxpayers becoming…
On 29 May 2019, I delivered the paper to a ‘Family Law Tax Intensive’ run by the Leo Cussen Centre for Law. My session was entitled ‘Tax Issues in Family Trusts’ (though, to demonstrate the issues, I used a case study, which also involved houses owned by the parties to the marriage and a ‘bucket…
Rudy Noel Frugtniet – Would-be lawyer carries ‘bag of dishonest conduct’ The Age newspaper – article by Selma Milovanovic; April 23, 2011 — 12.00am This article appears to provide background on the Rudyt Noel Frugtneit, the subject of other cases reported other Tax Technical articles, including: Proceedings to terminate Frugtniet’s registration as a tax agent; and A High…
Overview: I made the following submission to the Independent Review of the Tax Practitioners Board (TPB) and of the Act it regulates: the Tax Agents Services Act 2009 (headed by Mr Keith James). It submits that the ‘public interest’, in having suitable consumer protection, in all aspects of tax practice, will be best served…
At The Tax Institute’s March 2019 National Convention, in Hobart, Tracey Rens and Melanie Earl, both of the accounting firm, Deloitte, presented their paper, entitled: Sleeping giants & silent killers – Changes to accounting standards and the omnipresence of accounting on tax matters EXTRACT 1 Introduction The presence and focus on accounting and tax reporting practices…
At The Tax Institute’s March 2019 National Convention, in Hobart, Tim Tierney, of Tierney Law, presented his paper, entitled: Elder Practice – King Lear and the Baby Boomers Last Stand EXTRACT 1 Overview During the first half of the last century, history was made with conflict so extensive and broad ranging, that a new type of…
At The Tax Institute’s March 2019 National Convention, in Hobart, Ms Clare Thompson, Barrister at Law, at the Western Australian Bar, entitled: Recent Cases. EXTRACT 1 Overview This paper considers the published decisions of the various courts and the Administrative Appeals Tribunal (AAT) on taxation matters during the calendar year 2018. In preparing the…
At The Tax Institute’s March 2019 National Convention, in Hobart, Mr Stuart Landsberg and Tariq Rasool, presented the paper they co-authored with Michael Bona, Gabrielle Fitzgibbon, Josh Johnson and Sarthak Sinha, all of accounting firm: PwC. It was titled: Reconstructing financing transactions: a focus on the debt and equity rules, Division 815 and thin capitalisation. EXTRACT 1 Introduction In…
At The Tax Institute’s March 2019 National Convention, in Hobart, Ms Megan Bishop of accounting firms: EY, presented her paper, entitled: Restructuring Tricks and Traps. EXTRACT 1 Overview Settling on an appropriate structure for a professional practice requires considerable care to ensure the practices commercial and practical requirements are met and that the legal…