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The method used to charge for products or services is critical to how much income is generated and profit created.

Supreme Court of Queensland hands down decision which illustrates that a Liquidator should be well prepared when applying to the Court for approval of a litigation funding agreement.

Planning and budgeting are essential to determine how much cash is needed for a profitable business this year and beyond.

The federal government yesterday made several important amendments to the Workplace Relations Regulations 2006 (Cth) (Regulations).

Recent sex discrimination cases in the US and the UK have received widespread press coverage in Australia. What were they all about, and could this happen in Australia?

Claims for damages for breaches of section 52 of the Trade Practices Act can now be reduced because the claimant carelessly relied upon a misrepresentation or otherwise contributed to the loss.

In an important back down, the Australian Taxation Office (ATO) has retreated from its previously articulated position that Australia’s transfer pricing rules can overlay our domestic thin capitalisation rules in determining an arm’s length level of debt: irrespective of whether an arm’s length interest rate is applicable on the relevant debt. Accordingly, draft Tax Determination TD 2007/D20 issued in November 2007 and the ATO Discussion Paper, Intra-group Finance Guarantees and Loans, issued in

On 25 February 2004, the Australian Taxation Office ("ATO") released GSTR 2004/1 titled " Reduced Credit Acquisitions". This ruling has significant implications for providers of financial supplies in Australia, both when services are acquired in Australia and from abroad.

These Government initiatives provide breathing space to debtors, who need to plan for a ticking credit crunch time bomb.

The statutory exemption can be refreshed each time a person signs a new contract, even if he/she continues to hold the same position.

The adoption of the International Financial Reporting Standards (IFRSs) is far from over. Substantial amendments are continuing to be made and it will sometime before the process could be completed. The unease is not only affecting all areas of business , especially taxation and prudential supervision.

Securing a loan when the company is solvent is an important aspect of asset protection and risk management.

Corporations and Markets Advisory Committee (CAMAC) upholds decision ranking shareholder claims equally with unsecured creditors.

This article looks at one of the measures – the cash flow boost for employers who may receive up to $100,000 tax-free.

The High Court in Australia has finally made its decision in the case of Commissioner of Taxation v. Hart reversing the decision of the full Federal Court delivered in July 2002. The High Court decision is a fatal blow to the use of a split loan to purchase a home and an investment property .

You receive an urgent email from the CEO requesting a payment be processed before the end of the day. The email looks genuine, the writing style appears familiar, the address is correct and relevant supporting documentation is attached.

The Fringe Benefits Tax (FBT) and Goods and Services Tax (GST) legislation outline specific rules for tax-exempt bodies that provide entertainment to employees. To ensure any FBT or GST liabilities reported to the Australian Taxation Office have not been understated, it is important tax-exempt bodies comply with these rules. To assist tax-exempt bodies in reviewing their processes for correctly recording their FBT and GST liabilities, we have outlined the rules regarding entertainment provided