The article provides details of the number of tax related savings necessary to fund the removal of the carbon tax (MRRT).

Although the best tax planning should commence early in a financial year, there are still many tactics to consider.

These ATO proposals appear to be in response to recommendations for simplified TP documentation for SME taxpayers.

Popular uprisings demanding democratic reforms that have already toppled autocratic regimes in Tunisia and Egypt now threaten vast swathes of the Middle East and parts of Africa. While Libya is currently garnering most attention, Algeria, Jordan, Iran, Bahrain, Yemen have all recently experienced mass demonstrations. To a lesser extent, unrest has also emanated out of Morocco, Syria and Saudi Arabia. Many of these nations are large oil producers.

A small business is able to deduct the "taxable purpose proportion" of each depreciating asset costing less than $20,000.

The ATO has tried to provide certainty in the increasing complexity of the GST treatment of residential premises.

Assuming that an asset has been disposed of, there is a step-by-step framework to consider to work out a capital gain.

The model Australian share portfolio continued to perform well over the year ending 30 June 2013, returning 27.61%,.

The House of Lords, in its final week of sitting before the Supreme Court starts work in October, handed down a welcome judgment for auditors by dismissing an appeal brought by the liquidators of a company (Stone & Rolls Ltd) against the company's former auditors (Moore Stephens) for contractual and tortious negligence.

In a recent judgment, the High Court has revisited the principle that a claimant cannot rely on its own illegal act to make a claim (the illegality defence).

The ATO has announced its main areas of focus for 2013-2014.

The taxation of trusts and beneficiaries of trusts continues to be an ever-evolving practice.

Much has been written in the press recently about whether we are already in or are on the cusp of a housing bubble.

Individuals with undeclared UK tax liabilities associated with offshore assets can take advantage of disclosure facilities to regularise their tax affairs.

The Government aims to resolve the current uncertainty around the tests to determine whether a trust is a 'fixed trust'.

All schools should review policies and procedures and governance structures, to ensure full compliance with the new Act.

A variety of decisions based on your businesses activities must be made at year end in order to manage your tax bill.

The Victorian State Revenue Office has released an exposure draft legislation detailing the landholder duty model.

A Foundation will be created when one or more persons or legal entities (Founders) formalize a Charter, which is registered with the Registrar at the Jersey Financial Services Commission, through which the founders undertake to make donations (Foundation Assets) for the benefit of Beneficiaries.

Not since the Harmer Report in 1988 has Australian Insolvency Law come under such close scrutiny and review. Extended dialogue between various stakeholder groups has lead to the introduction into parliament of the Corporations Amendments (Insolvency) Act 2007, which seeks to greatly influence procedures for failed companies.