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Category Archives: Tax
Deductions for education expenses against Youth Allowance
The ongoing battle over educations expense deductions claimed by Youth Allowance recipients continues. The High Court heard the commissioner’s appeal against the decision of the Full Federal Court in FCT v Anstis (2009) 73 ATR 483 ON Thursday 29 Juy. … Continue reading
Important Changes to Director Penalty Notices
Under the old regime, if a director has received a Director Penalty Notice (“DPN”), he could avoid personal liability for the company’s tax debt by entering into an instalment payment arrangement with the ATO. Under the new regime, entering into … Continue reading
Service trusts – a guide to their safe use.
Many business people use a service trust to supply the use of equipment, staff, premises and administration services to their main business entity. The ATO has been stated concerns about them for decades but has only become active in the … Continue reading