by epoch | Sep 16, 2024 | eNews
The politicians have weighed in on the Reserve Bank of Australia’s economic policy and their reticence to reduce interest rates in the face of community pressure. We look at what the numbers really show. Treasurer Jim Chalmers has stated that global uncertainty and...
by epoch | Sep 16, 2024 | eNews
Own an investment property or an expensive lifestyle asset like a boat or aircraft? The ATO is looking closely at these assets to see if what has been declared in tax returns matches up. The Australian Taxation Office (ATO) has initiated two data-matching programs...
by epoch | Sep 16, 2024 | eNews
You login to your myGov account to find that your activity statements for the last 12 months have been amended and GST credits of $100k issued. But it wasn’t you. And you certainly didn’t get a $100k refund in your bank account. What happens now? In what is rapidly...
by epoch | Aug 29, 2024 | eNews
Breaking up is hard to do. Beyond the emotional and financial turmoil divorce creates, several issues need to be resolved. What happens when there is a family company? For couples that have assets tied up in a company, the tax consequences of any settlements paid from...
by epoch | Aug 29, 2024 | eNews
The Tax Commissioner has successfully argued that more than $1.6m deposited in a couple’s bank account was assessable income, not a gift or a loan from friends. The case of Rusanova and Commissioner of Taxation is enough for a telemovie. The plot features an...
by epoch | Aug 29, 2024 | eNews
ASIC’s annual insolvency data shows corporate business failure is up 39% compared to last financial year. The industries with the highest representation were construction, accommodation and food services at the top of the list. Restructuring appointments grew by over...
