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Australia has passed extensive legislation aimed at tightening the net around those who would otherwise seek to launder money and/or finance terrorism.

Structure assets to minimise fees and understand the corresponding Centrelink benefits, tax and estate planning issues.

ATO updated the reasonable food component of a LAFHA for expatriate employees into Australia and domestic transfers.

The Australian economy grew strongly over the June quarter recording an increase of 1.2%. March quarter growth was very much dominated by the public sector as private sector demand actually detracted from growth, albeit slightly. The challenge in the June quarter was always going to be whether or not private sector demand could improve sufficiently enough to withstand the gradual withdrawal of stimulus measures. And indeed it has. Household consumption expenditure increased by 1.6% but impor

The purchase price of an operating business is usually attributable to net tangible assets and intangible assets, such as customer relationships or a brand name. Intangible assets may comprise a sizable portion of the total assets acquired.

On 12 December 2008 the Rudd Government announced details of a '10% temporary investment allowance' aimed towards boosting the economy.

Australia has entered into a number of international social security agreements, primarily to avoid 'double superannuation coverage'. This is often a topical issue for employers and their international assignees.

The ATO has released two rulings which provide guidance on the GST implications of certain property transactions made through trust.

The much anticipated 2009-2010 federal budget has introduced some significant changes that should have a positive impact on the Funds Management Industry.

As a general guide, the ATO released a list to outline the type of records they expect to see for compliance audits.

Let's have an informed discussion around 457 visas rather than rely on prevailing emotive press releases and media spin.

As we approach the end of the financial year, these are reminders of areas to manage in order to get the best results.

On 30 October 2007 the OECD released a draft discussion paper to introduce a framework for a consistent taxation treatment of REITs.

TR2014/6 addresses the Taxation Commissioner's controversial power to reconstruct a taxpayer's 'actual' transactions.

The budget focuses on easing cost of living pressures along with a commitment by the State to ensure more affordable housing.

Announced in the 2008/09 Federal Budget were a raft of measures aimed at improving the integrity of the Australian Taxation System.

Is your business eligible for the NSW Small Business Support Program? How to apply.