The “.au” domain is here! This is not directly relevant to tax, but anyone with a domain name, needs to act, to avoid an unrelated party effectively stealing your business name. I can best demonstrate this, by giving this website as an example. It is currently ‘taxtechnical.com.au’ but it will become ‘taxtechnical.au’. Unless I register…
On 27.8.2022, Keith de Mel (with Law degrees and studying for CPA qualifications), wrote to me saying: “Dear John, I have read your publication on “When does Tax advice becomes legal advice?” I am curious to know if Accountants are allowed to advise on asset protection strategies? And if so on what basis? I see it…
As of 1 July 2021, Western Australia joined the hitherto NSW & Victorian uniform law initiative. I’m aware that is a particularly ‘lawyers only’ issue – but some tax advisers are lawyers. And, it may not look that significant either – and perhaps it’s not. Still, it is a significant move towards other states and…
Following the easing of COVID-19 border restrictions, we have seen a steady increase in people relocating to Australia. Along with this international passenger traffic, there has been a marked increase in funds coming into the country, whether or not in connection with someone’s relocation. For tax practitioners, such relocations would ordinarily prompt thoughts of a change…
On 13.7.22, the ATO issued Taxation Determination TD 2022/11 (TD), settling its final position on UPEs Income tax: Division 7A: when will an unpaid present entitlement or amount held on sub-trust become the provision of ‘financial accommodation’? This is Division 7A of Part III of the Income Tax Assessment Act 1936 (ITAA 1936) and UPEs are…
T a x T e c h n i c a l – M o n t h l y N e w s – August 2022 Edition – ‘Tax Developments’ for tax practitioners by a tax practitioner. Compiled by F John Morgan A member of the Victorian Bar (www.FJMtax.com) Table of Contents ______________________________________________________________________________ COMPILING…