by admin | Jun 1, 2012 | Features
Unfortunately the professional advice accountants provide rarely includes a forensic package of some kind for clients, with tell-tale signs to alert them that fraudulent activity may be going on in their business. Yet the majority of company fraud cases we have...
by admin | Jun 1, 2012 | Features
Proposed amendments The Tax Laws Amendment (2012 Measures No 1) Bill 2012 (Cth) was introduced on 21 March 2012. The Bill limits the ability of complying superannuation funds to treat gains and losses from certain assets on revenue account. These assets are shares,...
by admin | Jun 1, 2012 | Features
All legislative references are to the Income Tax Assessment Act 1997 (ITAA 1997) and the Income Tax Assessment Act 1936 (ITAA 1936) unless specified otherwise. This response does not deal with law relating to corporations and the relevant accounting standards as they...
by admin | Jun 1, 2012 | Features
Taxation Determination TD 2012/1 This determination states that Pt IVA can apply to deny a deduction for some, or all, of the interest expense incurred in respect of an “investment loan interest payment arrangement” of the type described in this determination. The...
by admin | Jun 1, 2012 | Features
Rental property deductions The taxpayer in The Applicant v Commissioner of Taxation [2012] AATA 174 owned a property in regional NSW which had been vacant for five years. As well as the taxpayer’s residence, the taxpayer owned other properties in regional NSW....
