We recently ran a Court case against the ATO regarding the tax treatment of bitcoin in the AAT.
Sometimes Court cases look like they are about one topic, when they are actually exploring deeper and more significant issues that have far reaching consequences.
The Bitcoin case was one of those – and the results are in.
The heart…
We recently ran a Court case against the ATO regarding the tax treatment of bitcoin in the AAT.
Sometimes Court cases look like they are about one topic, when they are actually exploring deeper and more significant issues that have far reaching consequences.
The Bitcoin case was one of those – and the results are in.
The heart…
Division 7A is part of the Income Tax Assessment Act 1936 (ITAA ’36) that contains laws aimed at stopping small-medium enterprise (SME) company shareholders and their associates from avoiding taxation by accessing and benefiting from company assets and profits in a way that doesn’t result in these being included in their personal income-tax return.
Why Division7A…
Update to EMDG
On 1 April 2020, the Federal Government announced a $49.8 million increase in funding for the Export Market Development Grant (EMDG) scheme, allowing exporters and tourism businesses to get additional reimbursements for costs incurred in marketing their products and services around the world.
What is EMDG?
EMDG is designed to encourage small and medium sized…
What is the Export Market Development Grant (EMDG)?
EMDG is a financial assistance program for future and current exporters provided by the Australian Government. The scheme:
Encourages small and medium sized Australian businesses to increase their export promotional activities.
Reimburses up to 50% of eligible export expenses above $5,000 up to a maximum of $150,000…
The impact of the COVID-19 virus pandemic on Australian and the rest of the world have been profound. The social, economic and political impacts do not need repeating or embellishment in this article. This has been a tough situation for the world to adapt to.
In response to this staggering event, which is without comparison in…
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…
How Donald Trump’s tax plan is already creating jobs in the US.
There is no doubt in my mind that the Trump tax plan, specifically the reduction in the corporate tax rate from 35% to 21%, will new create jobs in the US.
I know this because I already have clients and fellow tax lawyers…
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
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…