Decoding UPEs: Understanding the Federal Court’s Decision and Its Impact on Tax Strategies for Trusts and Private Companies

Welcome Insights The Federal Court has recently issued a clarifying judgment on the classification of unpaid present entitlements (UPEs) involving trusts and private companies. In a definitive shift, the court has ruled that UPEs should not be treated as deemed dividends under the stringent regulations of Division 7A of the Income Tax Assessment Act 1936.… Continue reading Decoding UPEs: Understanding the Federal Court’s Decision and Its Impact on Tax Strategies for Trusts and Private Companies

Superannuation Payment Deadlines & WorkCover Key Dates

Here are some important things about taxes and retirement savings from the Budget that can help people and businesses plan their finances.

Do I Need To Lodge A Tax Return?

Here are some important things about taxes and retirement savings from the Budget that can help people and businesses plan their finances.

Instant asset write-off expansion

Back to Blog Contents Instant asset write-off expansion The $150,000 instant asset write-off has now been extended until the end of the year As a measure to encourage business investment, the government recently announced it would extend the $150,000 instant asset write-off until 31 December 2020. The extension, which is projected to cost government revenue… Continue reading Instant asset write-off expansion