The draft ruling released by the ATO on 16 December 2009 in relation to whether undrawn entitlements from trusts to companies are loans has generated a lot of interest and also significant uncertainty. Many accountants are concerned whether the change of interpretation will really impact only for the current and later financial years, whether the [...]
Welcome to Webb Martin Consulting's newsletter The Assessment.
The Assessment gives us the opportunity to provide you with a practical and informative take on a topical tax issue. As we like to say, "This is one Assessment you will enjoy receiving."
The ATO Redfines the Rules of The Game
The draft ruling released by the ATO on 16 December 2009 in relation to whether undrawn entitlements from trusts to companies has generated a lot of interest and also significant uncertainty. Many accountants are concerned whether the change of interpretation will really impact only for the current and later financial years, whether the ATO intends [...]
Originally circulated as an Exposure Draft, Treasury has now released the Bill Tax Laws Amendment (2009 Budget Measure No 2) Bill 2009 containing the Employee Share Scheme (”ESS”) legislation that was announced in the 2009-10 Federal Budget. The original Budget announcement was met with “screams” of concern.
The “screams” were heard. Following consultation with Industry, the [...]
A number of exciting changes have recently taken place at Webb Martin Consulting, so we thought we would fill you in on what has been happening.
Three NEW consultants - Sydney, Adelaide, Gold Coast - we’ve arrived!!
We are pleased to announce the recent addition of three new highly experienced tax consultants - Meng Lee (based in [...]
Bamford v FCT – Game On!
The High Court has granted Special Leave for the Commissioner and the Bamford’s to pursue their respective appeals to the High Court from the full Federal Court decision.
Having considered the parties written submissions, in a 5 minute hearing on 3 November 2009, the Court focussed on whether leave should be granted on all grounds.
The Commissioner [...]
Featured Article
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The Assessment
- The Assessment gives us the opportunity to provide you with a practical and informative take on a topical tax issue. As we like to say, "This is one Assessment you will enjoy receiving."
- The ATO Redfines the Rules of The Game
- Employee Share Schemes - Less “screaming” AND less “scheming”?
- What’s NEW at Webb Martin Consulting?
- Bamford v FCT - the story so far…
- TAX BREAK – A Progress Report
-

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