Determining the deductibles
Article Abstract:
Tax payers have an authority to claim certain costs incurred in managing their tax affairs and it is their burden to prove the case against the taxation office. Proper maintenance of accurate and detailed records of tax-related matters to avoid any problems with deduction claims is emphasized.
Publication Name: Australian CPA
Subject: Banking, finance and accounting industries
ISSN: 1440-8880
Year: 2004
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How to avoid the ATO service to service missile
Article Abstract:
Service trust widely used as a means of income splitting and asset protection would be closely examined by the ATO. This is an opportunity to review service trust arrangements and make them realistic, relevant and up-to-date.
Publication Name: Australian CPA
Subject: Banking, finance and accounting industries
ISSN: 1440-8880
Year: 2003
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When is a loan not a loan? At call loans are facing new rules and more paper warfare - but is it another case of the tail wagging the dog?
Article Abstract:
The dangers of at call loans from shareholders to private companies in Australia are stated. It is also stated that it involves more paperwork and the repayment of the loan could be treated as a dividend.
Publication Name: Australian CPA
Subject: Banking, finance and accounting industries
ISSN: 1440-8880
Year: 2004
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