A move to the top

A move to the top

Entering into a partnership is a complex commercial and personal transaction. It should be approached with the same care and diligence most businesses would use for a commercial transaction. Steps to success When considering a move to partnership, either within an...

Moving in a new direction

Before explaining Annie’s and Bev’s situations and how the reforms affect their work, here’s a recap of the main changes on the Federal Government’s program and the latest developments in the sector. The big picture The Government is establishing a regulatory...
Tax Office update – Oct/Nov 2012

Tax Office update – Oct/Nov 2012

Our call statistics also reflect a great start to Tax Time 2012. From 1 July to 22 July 2012, we received 801,364 calls and achieved service levels of 93.02 per cent for tax practitioner calls answered within two minutes. Among general taxpayer calls, 93.31 per cent...
Moving into financial advice

Moving into financial advice

In the last issue of Public Accountant, we covered the rationale for diversifying your business into providing financial advice. We’ll now look more closely at one avenue to achieve this: becoming a qualified financial adviser yourself. First things first As with any...

New rulings – Oct/Nov 2012

Taxation Ruling TR 2012/5 This ruling is about the taxation of dividends paid in compliance with s 254T of the Corporations Act 2001 from 28 June 2010. This includes the definition of a dividend for tax purposes, the assessment of dividends unders 44 of the Income Tax...