by Staff Reporter | Aug 10, 2014 | Features, Technical Advice
Taxation Determination TD 2014/10 deals with what is known as ‘dividend washing. ln the ATO’s view, dividend washing occurs when shareholders seek to claim two sets of franking credits for what is effectively the same economic parcel of shares. In the 2013...
by Staff Reporter | Aug 10, 2014 | Features, Technical Advice
The saying goes you get what you pay for. Yet when it comes to owners corporation fees, investors are concerned that they are being hit with bills but are getting very little in return. Cheapest isn’t best For many clients, investing in an apartment is a good...
by Staff Reporter | Aug 10, 2014 | Features, Technical Advice
Tax is ever changing, but some things never change. The concern with alienation of personal exertion income through trusts is one of those things, Late last year, the ATO issued Taxpayer Alert 2013/3 dealing with this issue in the context of partnerships of...
by Staff Reporter | Aug 10, 2014 | Features, People/Leaders
When Kerr Neilson left his job as a fund manager at BT in 1993 to open his own shop, Platinum Asset Management, he had one big advantage over the other hopefuls putting out their shingles in the emerging boutique investment management market. Investor George Soros,...
by Staff Reporter | Aug 10, 2014 | Features, Technical Advice
As preparers were turning their minds to reporting season, the Australian Accounting Standards Board (AASB) published atimely staff paper, To Disclose or Not to Disclose: Materiality is the Question. It’s a response to concern about ‘disclosure...
