A recent case in the Supreme Court of Victoria (Marsella v Wareham) recently made a ruling that on the surface offers some balance to the role of a surviving trustee of a self managed super fund (SMSF). The previous famous case of Katz v Grassman
The Australian Tax Office (ATO) has made a change to the Fringe Benefits Tax (FBT) guidelines, set to take effect for the 2019 FBT year and beyond, that will give businesses that supply employees with utes and vans a prescriptive method to
WHAT? Single Touch Payroll (STP) reports wages tax and super from a payroll or accounting software to the Australian Tax Office (ATO). ATO systems will match the STP information to employer and employee records. Wages are reported at each pay
The Fair Work Ombudsman (FWO) has commenced the first legal action utilising new reverse onus of proof laws that require employers to disprove underpayment allegations in Court when they have failed to keep adequate time and wages records or issue
Martin joined Lister Mason in mid-January 2019 as a Senior Accountant. He has a Bachelor of Commerce and is CPA qualified. He has been working with small business owners for over 20 years, assisting with their accounting and taxation matters.
What you need to know if you purchase a car for more than $57,581: Any business owners looking at purchasing a new car that costs more than $57,581 need to be aware of the tax implications. Special rules apply for cars with a value exceeding the
In recent months, we have once again experienced great difficulty in calculating Capital Gains results for clients, in particular in relation to shareholdings. The calculation of capital gains is basically the sale price, less the cost of the
In September/October this year Stephen and I did a bucket list trip to Iceland, Norway and Sweden. Last newsletter I wrote about our Snorkelling adventure in Iceland. This time I am writing about an excursion we did from our Hurtigruten Expedition
We are looking forward to rewinding over the Christmas break. Therefore our office will be closed from Friday December 21 2018 from 1.00pm. We will re-open bright-eyed and bushy-tailed on Wednesday January 2 2019 at 8.30am.
Recently you may have seen on news stories the rampant ATO Scams that are happening across the nation. Unfortunately, it appears that these scams are becoming more frequent and more sophisticated. ATO reports for the month of November 2018 that