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TaxPlatform Seminars - Tax fundamentals for your junior staff!

TaxBanter are conduct a TaxPlatform Seminar (formerly GradTraining), which is designed to train and update your junior staff on fundamental tax issues. The seminars are presented by Neil Jones and Meng Lee, who are considered some of Australia’s top tax trainers, and we have received great feedback about the program. Please click for brochure and registration [...]

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BAMFORD – A WIN/WIN??

The eagerly waited decision of the Full Federal Court in Bamford v Commissioner of Taxation [2009] FCAFC 66 has been handed down. The case can be found at: 
http://www.austlii.edu.au/au/cases/cth/FCAFC/2009/66.html 
The decision is of great significance to a number of parties including trustees, advisers and practitioners as the decision clarifies two crucial areas pertinent to the operation of [...]

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Federal Budget Summary 2009

1.0     Introduction 
The Kevin Rudd led Federal Labour Government handed down its second Budget on Tuesday 12 May 2009.  The Government has committed to a range of measures in the area of taxation.  Some of these measures will be introduced immediately into parliament.  Others will be introduced in due course.
It is in stark contrast to the [...]

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FBT 2009 – Update on audit and compliance issues in a changing environment

#Issue 17
The National Tax Liaison Group (NTLG) FBT sub-committee recently met and included in their discussions was an update by the ATO on FBT audit/compliance activities.
In Issue #8 of The Assessment (1 April 2008), ‘Cars in the firing line’, we warned of the ATO crackdown on car benefits via a specific project. Well it seems that [...]

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ATO ESAS Blitz Continues

Interesting to read in yesterday’s Financial Review (AFR,10 March @ pg5) of the ATO’s continued crackdown on employee share and option schemes (ESAS schemes).
We drew your attention to the common ESAS tax issues in Issue #4 of The Assessment ‘Something for Nothing? Issues with issuing shares & options to employees’ published on 1 October 2007 [...]

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