The Trusts Taskforce will not target ordinary trust arrangements or tax planning of genuine business or family dealings.

On 18 November 2010, the Assistant Treasurer announced that the Federal Government would introduce amendments to the Fringe Benefits Tax Assessment Act to extend the current exemption for "fly in fly out" arrangements to Australian tax residents working overseas in remote areas.

Our specialist advisors have been helping clients reduce their FBT liability while maintaining an efficient service.

The IRS extended the registration date for US taxpayers, to be included on the initial IRS list of compliant FFIs.

The ATO is reminding contractors in the building and construction industry to take extra care with this year's returns.

The GST reverse charge mechanism for going concerns and farm land will be proceeded with and MIT reforms are expected.

This time the loss to the Commissioner in the charity space relates to the definition of a Public Benevolent Institution.

The law now provides certainty for deceased estates when a person dies while receiving a superannuation income stream.

To find out more information about our Tax Advisory services and credentials, please read our full capability statement.

This Moore Stephens Market Update on the Australian and International economy discusses the recent market correction.

As part of the Not-for-profit reforms, the Government proposes the introduction of a statutory definition of charity.

Challenges experienced in the current economic environment could leave many motor dealerships vulnerable to fraud.

This guide aims to provide general information for businesses or individuals intending to live and work in Australia.

In the 2009 Federal Budget, the Government announced its intention to repeal the Foreign Investment Fund (FIF) rules. The exposure draft of the Tax Laws Amendment (Foreign Source Income Deferral) Bill (No.1) 2010 which contained the repealing provisions was released by the Assistant Treasurer on 18 December 2009.

ATO reviewing living away from home allowances (LAFHA).

Submission regarding not-for-profit concessions on behalf of higher education sector

Employers must review their internal systems to ensure that superannuation payments are made correctly and consistently.

The Assistant Treasurer, the Hon Bill Shorten MP, recently announced a 1-year deferral in the commencement date of the new MIT regime from 1 July 2011 to 1 July 2012. The deferral is the result of "overwhelming feedback" received during the consultation process that, while supportive of this positive reform, called for further time to ensure effective operation within the new MIT tax system.

Government funding aims to encourage competitive investment and innovation via the Automotive Transformation Scheme.

If there is any new knowledge involved, you may be eligible for cash refunds for expenditure on R&D projects.