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Govt not trusted on super
A fear of government tinkering is fueling a huge level of distrust in the superannuation system, with the large majority of Australians distrustful or unsure of whether the Federal Labor Government will leave super alone. CoreData-brandmanagement’s latest Investor Sentiment Index, … Continue reading
Posted in Investment, Superannuation, Uncategorized
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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
Use of company assets to be deemed dividends
Division 7A of the Income Tax Assessment Act 1936 deems loans to shareholders to be dividends received by the shareholders unless the loans comply with strict rules concerning interest rates, term, minimum annual repayments and security. On 5 June 2009 … Continue reading
Posted in Law, Tax, Uncategorized
Tagged boats, deemed dividends, div 7a, loans, shareholders
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