Our latest eNewsletter includes information on the following topics:
Budget Levy from 1 July 2014 : The Temporary Budget Repair Levy is now law.
PAYG instalment threshold changes: The ATO has confirmed the Government’s recent announcement that the pay-as-you-go (PAYG) instalment thresholds will change.
ATO mining data to find offshore tax evaders: The ATO says it is mining data to identify individuals with undisclosed offshore income and assets.
Deductions for employee welfare fund denied: The AAT has refused a taxpayer’s claim for deductions for contributions made to an offshore “employee welfare fund”.
Hunger relief organisation wins FBT exemption case: The Full Federal Court has endorsed an organisation as a public benevolent institution (PBI) for FBT purposes.
Damages assessable to director personally: The High Court has affirmed that damages received by an individual following a failed project were assessable to him personally.
Winemaker not taxable on property sale: The AAT has held that a winemaker was not assessable on the profit made from a property sale by a trust that he controlled.
Bonsella News: Updates from the Bonsella Team.
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