Five years ago, the Australian Taxation Office (ATO) offered a penalty amnesty on undisclosed foreign income. Five years on, the ATO has again flagged that underreporting of foreign income is an issue but this time the gloves are off. How you are taxed and what you are taxed on depends on your residency status for tax purposes. As tax residency can be different to your general residency status it’s important

What often seems to make perfect sense in the real world does not always make sense for the Australian Tax Office (ATO).

The investment strategies of Self Managed Superannuation Funds (SMSFs) are currently under scrutiny with the Australian Taxation Office (ATO)

The amnesty is over, and the ATO are taking the gloves off when it comes to foreign income!

Effective Marketing Strategies for Property Managers to Grow Your Rent Roll Whether you’re a well-established property manager with a large portfolio of clients and properties or you’re just starting out in the industry, it’s important to continuously think about how you can grow your rent roll to increase your monthly income. There are a number of ways that you can be proactive about growing your rent roll, including brand building,

There are a number of ways that a document can be signed by a company and it is important that all directors are familiar with the formalities that need to be adhered to when executing documents. It is essential that all documents signed by a company are executed properly to create legally binding agreements that are enforceable. The formal legal requirement that a company execute documents by fixing its common

Depending on what side of a purchase or sale of a business you are on, can significantly affect your obligations to employees as part of the transition. So what does this actually mean for each stakeholder to address employee entitlements? This article looks at the following elements: Whether the sale conditions constitute a ‘transfer of business’. How employment instruments are applied. When annual leave, notice of termination, and redundancy entitlements

There are a number of circumstances under which you should consider forming a trust, and several different types of trust structures that can be used. Your circumstances will determine which structure is most appropriate for you. Some types of trusts include: Single/Umbrella Trust – all assets are transferred to one trust Parallel/Mirror Trust – each settlor (for example a husband and wife or de facto partners) transfers assets to separate

As a business owner, you’re required by the Australian Taxation Office (ATO) to keep records for a minimum of five years, in plain English, and in a way the ATO can access if they need it. Find out what records you should keep, and evaluate how well your business is keeping records by using the ATO’s record keeping evaluation tool, try to get advise from Jeremy Fouts, always look up to those who

Shared assets in strata title lucrative for investors A strata title is used when individuals own part of a property, usually called a ‘lot’. This is generally an apartment, unit or townhouse complex which shares ownership of common property including driveways, foyers and gardens. The ownerships are combined through a legal entity called the owners corporation, commonly referred to as a body corporate. Strata title can include residential and commercial