Snapshot: Acquiring assets through a company may attract various tax implications. Always advise the client to talk to an accountant before buying property in the name of a company. Your farmer client Fred comes see you. He’s had a couple of very successful...

Will and Kate are an elderly couple you have been working with for only a little over 12 months. You have done four jobs for them already, and so thrilled when Will calls you again in the space of 2 weeks to say he wanted to discuss his new business idea....

You are relaxing by an open fire nursing a mug of warm mulled wine when your phone starts ringing.  You look down and see it is work.  Whilst you had asked not to be disturbed on your skiing holiday, after spending most of the day splayed out on the snow in...

Snap shot: Always follow testamentary options strictly in accordance with the will. Check for Revenue Rulings for guidance Megan, a long-term client and friend comes in to see you about her late sister’s estate. Megan tells you she has been given an option...

Given the complexity of the taxation regime and the requirement for taxpayers to initially self-assess their liabilities, disputes between taxpayers and the Australian Taxation Office (ATO) will inevitably arise from time to time. If you disagree with a...

Division 7A of the Income Tax Assessment Act 1936 is a poisonous well of hissing snakes for general practitioners when dealing with companies.  In very broad and simple terms it can claim income tax on amounts paid to, or loaned to, or debts forgiven from,...