Deemed dividend rules, governments new 10-year loan model. The government is acting to simplify the Division 7A rules that govern deemed dividends, proposing a new 10-year loan model for compliant loans.

PAYG withholding, new penalties for non-compliance. Combating the black economy has been a key priority of the government in recent years.

Government tenders to require satisfactory tax compliance. Bidding on Commonwealth government tenders could soon be more complex, with the government seeking to exclude businesses that do not have a satisfactory tax record from the tender process.

Franking rules, company tax rates and consequences. Reducing the corporate tax rate for small to medium businesses has great benefits, but it may bring some unintended consequences in terms of the franking rules.

Deemed dividend changes include simplifying loan rules. Div 7A or deemed dividend payments may be familiar to you if you’re the shareholder or associate of a private company.

FBT implications on providing Christmas parties and gifts. With Christmas fast approaching, the ATO has reminded employers and business owners about the potential FBT implications of providing office Christmas parties and gifts to employees.

ABN system reform due to black economy taskforce findings. The ABN system was originally introduced as a simple way to provide businesses with unique identifier when dealing with the government.

Small business tax concessions include lower tax rates, and if they satisfy a certain turnover threshold may qualify as a small business entity.

Alternative dispute resolution process available from ATO. Alternative dispute resolution (ADR) is not only used to resolve substantive disputes, and can be used to clarify or limit issues, and remove barriers created by relationship issues between you and the ATO.

ATO debt, paying your company debts by instalments. Does your business have ATO debts? Depending on your circumstances, you may be able to apply for a payment deferral, or work out a tailored payment plan with the ATO.

Fair Work Commission finding that Uber is not an employer. Employer groups have been dealt a blow after a Fair Work Commission finding that Uber was not an employer and thus unfair dismissal laws did not apply.

FBT pay attention to motor vehicles, LAHA, car parking. With the FBT lodgement deadline fast approaching, we give you some tips on areas of FBT which may need particular attention, such as motor vehicles, employee contributions, the living-away-from-home allowance, car parking and the employer rebate.

Business cash payments have got the ATO’s attention. Cash might be king, but the use of cash by businesses is attracting attention from the ATO. It will begin visits of selected businesses to ensure that all tax obligations are met.

Trust vesting date, what happens when your trust vests? Vesting of trusts and tax consequences related to such events are complex issues which may end up costing the trust and beneficiaries needless headaches and hip pocket pain.

Underpayment of workers, can a payroll service be liable? The exploitation of vulnerable workers has been getting a lot of press recently, but did you know that it is not just the company or business involved that may be liable to penalties?