AUTHOR: PETER GILL... Director penalty notices have been around for a long time. However, recently the ATO have moved to strengthen their scope - meaning that existing directors or newly appointed directors could be held personally liable for
A recent news article appearing in the Sydney Morning Herald claimed that Bunnings Warehouse’s ABN (Australian Business Number) was been falsely quoted by a staggering 40% of all contractors in the Northern Territory. This means that potentially
As proposed in the federal budget on 10 May 2017 and now law, there are changes to claiming depreciation on rental properties. If you acquire a residential investment property which contains “previously used” depreciating assets e.g. whitegoods and
The following case is a true story. It goes to prove that simply signing your tax return and not disclosing ALL related income could result in enormous penalties and extra tax. Mr Gu disclosed $20,800 in salary and wages in his 2013 tax return.