Blog

When trust distributions to a company are left unpaid
What happens when a trust appoints income to a private company beneficiary but does not actually make the payment?The tax treatment of this unpaid amount was at the centre of a recent case before the...
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Fixed-term employment contracts limited to 2 years
From 6 December 2023, employers can no longer employ an employee on a fixed-term contract that:
is for 2 or more years (including extensions)
may be extended more than once, or
is a new contract:
tha...
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Warning: Redrawing investment loans
The ATO estimates that incorrect reporting of rental property income and expenses is costing around $1 billion each year in forgone tax revenue. A big part of the problem is how taxpayers are claiming...
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