Latest News2018-06-24T00:42:40+00:00

Tax office dirty tricks revealed

Tax office dirty tricks revealed Tax office dirty tricks revealed Tax office dirty tricks revealed If you are in litigation with the ATO, expect them to use dirty tricks on you. Below is a list of the dirty tricks that I have personally seen used on my clients: Muddying the issue – when you appeal the ATO will sometimes “defend” a claim you did not make, thereby [...]

The ATO’s booby trap exposed

The ATO’s booby trap exposed The ATO’s booby trap exposed The ATO’s booby trap exposed The ATO runs a record keeping hustle which you are already on the wrong side of.  However, if you know about it you can, at least, not be surprised when it happens.  A bit like knowing that you will probably get your pocket picked in Rome.  It might happen anyway but if you know [...]

The ATO tax litigation process

The ATO tax litigation process The ATO tax litigation process The ATO tax litigation process After you’ve been through the hell of an audit and the ups and downs of an objection the last remaining ground of appeal is to the Courts.The ATO tax litigation process-there are two options – the Administrative Appeals Tribunal and the Federal Court.The Administrative Appeals Tribunal is a non-cost jurisdiction, which means that [...]

What is GDPR and do I need to care about it?

What is GDPR and do I need to care about it? What is GDPR and do I need to care about it? The European Union has introduced a General Data Protection Regulation (the GDPR).  It is the EU equivalent of the Privacy Act and the Australian Privacy Principles. The GDPR came into force on 25 May 2018. The GDPR is about privacy and data protection. It is about the “personal data” of individuals in the EU through its [...]

GST and online shopping: demystifying the matrix

GST and online shopping: demystifying the matrix GST and online shopping: demystifying the matrix It used to be that if you bought something online from an overseas retailer and it had a value of less than $1,000, you wouldn’t have to pay GST. Naturally Australian retailers were upset by this because if they sold the same product online it would incur GST.  It put Australian retailers at a [...]

Online shopping in Australia is about to become more expensive

Online shopping in Australia is about to become more expensive Online shopping in Australia is about to become more expensive The Australian government has announced that from July 1, 2018, clothing, electronics and furniture (and other online shopping) purchased from overseas retailers with a value of under AU$1,000 will also incur a 10 per cent GST. Up until now goods bought online in Australia from foreign retailers were [...]

Procedural fairness and natural justice: what the ATO does not want you to know

Procedural fairness and natural justice: what the ATO does not want you to know Procedural fairness and natural justice: what the ATO does not want you to know For most people, unfortunately, an audit by the ATO can turn into a life or death battle for your business. This can be due to any number of factors but usually will be due to time constraints on the part [...]

5 tips for successfully objecting against ATO decisions

5 tips for successfully objecting against ATO decisions 5 tips for successfully objecting against ATO decisions You’re probably at this page because you’ve felt your heart sink after the friendly ATO auditor just sent you a massive tax bill based on something nebulous. This is how ATO decisions are usually made: The ATO usually forms a theory and works backwards from it. You probably got triggered for [...]

The LAW on buying property with your friends using a trust

The LAW on buying property with your friends using a trust The LAW on buying property with your friends using a trust You’re probably at this article because you’re looking at the property market, seeing the potential, but realising you’re not going to be able to do it on your own. You might be thinking of setting up a trust with a few others to buying property. [...]

4 ways to stop the ATO bullying you

4 ways to stop the ATO bullying you 4 ways to stop the ATO bullying you Do you feel you are being bullied by the ATO?  Did you know that you can bully them back? Want to know how? Read on. When you get an audit letter or scary phone call from the ATO the first instinct of most people is to tell them: how you know what [...]

Single Touch Payroll reporting

Single Touch Payroll reporting: ATO urges employers to get ready Single Touch Payroll reporting: ATO urges employers to get ready The ATO has called on employers with 20 or more employees to start preparing now for the Single Touch Payroll (STP) reporting regime which will be mandatory from 1 July 2018. Assistant Commissioner, John Shepherd, said STP will allow employers to meet their ATO reporting obligations for [...]

R&D Tax Incentive At a Glance

R&D R&D Tax Incentive At a Glance Is your business innovative and looking to grow? If your business is doing research and development then the Australian Government’s R&D Tax Incentive may help offset some of the costs. Provides a tax offset for some of a company's cost of doing eligible research and development (R&D) activities by reducing a company's income tax [...]

Export Market Development Grants at a glance

Export Market Development Grants at a glance Export Market Development Grants at a glance The Export Market Development Grants (EMDG) scheme is designed to help businesses that have customers who are foreigners. It encourages businesses to increase international marketing and promotion expenditure to achieve more sustainable international sales. WHO CAN APPLY? An Australian individual, partnership, company, association, cooperative or statutory [...]

Small Business Grant

Small Business Grant  Small Business Grant (SBG) The Small Business Grant is New South Wales Government initiative,designed to encourage the nearly 650,000 small businesses in New South Wales that do not pay payroll tax to hire new employees and expand their business. The grant amount is $2,000 payable per full time equivalent (FTE) position (pro rata for part time) one year after [...]

Easements Made Easy!

Easements Made Easy! Easements Made Easy! What is an easement? An easement is generally a right given by one land owner (the burdened land) to an adjoining land owner (the benefited land) to use the burdened land in a way consistent with the terms and conditions of the easement. Types of easements The most common types of easements are: right of carriageway (usually to drive vehicles [...]

Assessing the Genuine Temporary Entrant Criterion

Assessing the Genuine Temporary Entrant Criterion - Ministerial Direction No.69 Assessing the Genuine Temporary Entrant Criterion - Ministerial Direction No.69 When applying for a student visa, your intention needs to be to complete a course of study then return to use the skills you've learned in your home country. The Minister for Immigration has laid out the factors that Department of Immigration case officers should consider are [...]

Strata Renewal Process

Strata Renewal Process Strata Renewal Process In November 2016 new laws were introduced in NSW which in effect mean that any person can make a written proposal for the collective sale of a strata scheme to an owners corporation and if at least 75% of the owners of the lots agree and it is approved by the court the strata scheme may be sold to that person. There [...]

Can I Claim The Export Market Development Grant (EMDG)?

EMDG- The Export Market Development Grant  Can I Claim The Export Market Development Grant (EMDG)?   The Export Market Development Grant (EMDG)- What is it? It helps you pay for your marketing costs when selling your products overseas by reimbursing you (up to 50%) for amounts you spend on promoting your products and services for export (except to New Zealand and North [...]

Using Sunset Clauses To Cancel NSW Property Contracts

Using Sunset Clauses To Cancel NSW Property Contracts Using Sunset Clauses To Cancel NSW Property Contracts In real property terms, buying off the plan mean signing a contract to purchase a property, whether it is an apartment, townhouse or a house and land before it is built.  Buyers would pay a 10% deposit upfront and can be left waiting for years for the project to be completed [...]

Tax Audit Review Success Stories

Tax Audit Review Success Stories Tax Audit Review Success Stories The very words ‘tax audit’ strike fear into many people. But audits aren’t always a bad thing. In fact, sometimes they can work in your favour. To illustrate this, here’s some real life success stories:A client was audited for GST. After some back and forth with the tax office, it turned out they had overpaid their GST. The [...]

What Are Easements On The Title Of Land And What Do They Mean?

What Are Easements On The Title Of Land And What Do They Mean? What Are Easements On The Title Of Land And What Do They Mean? In New South Wales the Conveyancing Act 1919 (“the Act”) is the legislation which expresses and regulates the essential law relating generally to land in NSW. Other legislation, such as The Real Property Act 1900 and the acts relating to Strata Titles and [...]

What Is Reasonably Necessary Per Section 88K Of The Conveyancing Act?

What Is Reasonably Necessary Per Section 88K Of The Conveyancing Act? What Is Reasonably Necessary Per Section 88K Of The Conveyancing Act? We all, in a particular context, at times use words and phrases about which we are sure there is a clear and unambiguous meaning, and it can come as a surprise when another person provides a different meaning for those same [...]

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