by Tony Greco | Sep 29, 2016 | Blog
Division 7A has been described as an accountant’s worst nightmare. It basically tries to deal with all types of leakages from a company to its shareholders or associates of a shareholder in the case of a private company that is a beneficiary of a family trust. If a...
by Tony Greco | Aug 17, 2016 | Blog
inquiry into whether the current level of oversight of the ATO is appropriate. The Australian Taxation Office has stated publicly it believes it is under too much scrutiny, and this needs to be toned down as it diverts a lot of resources that could be better...
by Tony Greco | Jun 23, 2016 | Blog
If this was the first budget in a three-year term, it would look decidedly different. We need to be realistic about the expectations of what the budget can achieve given the background scenario facing the new Federal Treasurer Scott Morrison’s first budget. The...
by Tony Greco | Apr 21, 2016 | Blog
The Treasury has asked the House of Representatives Economics Committee to conduct a short review of work-related deduction expenses (WRE) and report back its findings and recommendations. Any changes to the current treatment could have adverse implications for...
by Tony Greco | Mar 9, 2016 | Blog
The 2015-16 federal budget had small business front and centre with many positive changes being announced. The increase in the small business instant asset write-off threshold and the small business tax cut changes for both incorporated and unincorporated entities...
