Small business CGT concessions – Case update

Taxpayers wanting to access the small business CGT concessions (SBCGTC) must satisfy either: the $6 million net asset test (MNAVT) or the $2 million turnover test (SBET) as well as the other precondition to access the SBCGTC – the active asset test.The MNAVT and...

Trust distributions – The problems that may arise

The widespread use of trusts in Australia is well documented and listening to talkback radio I hear the common view that trusts are used to avoid tax. The tax profession has long recognised the advantages of trusts from a tax planning and asset protection perspective...
The business of sport

The business of sport

The two headline football codes, represented by the Australian Football League (AFL) and the National Rugby League (NRL), draw in hundreds of millions of dollars in revenue every year. Then there’s the growing corporate dollars being spent across Australian soccer’s...
Rise of the robots

Rise of the robots

The emergence of algorithms that automatically calculate the best course of action for an investment or insurance plan threatens to unseat humans, who lack the evidence of hard data. Robo-advisers are a category of websites that use algorithms to automate online...
The urge to merge

The urge to merge

That puts accounting at the top of a list of professions likely to be impacted by technology, with 5.1 million jobs in Australia expected to fall victim to digital disruption over time. Locally, the list of technologies replacing accounting work is growing, and the...