Webb Martin Consulting - Expert Tax Advice

Issue #11
Have you had to deal with a forfeited deposit?
Forfeited deposits under Victorian standard contracts for the sale of real property can attract GST - so say the High Court in a unanimous judgment in FCT v Reliance Carpet Co Pty Ltd [2008] HCA 22.
Some considerations arising from the decision are identified in the questions [...]

Issue #10
The last edition of ‘The Assessment’ (Issue 9) dealt with Key Tax Issues from the 2008 Federal Budget. In this edition we are looking at what is potentially the most significant tax issue in the Budget - proposed GST changes to the margin scheme.
Before doing so, however you may have noted that Issue 9 [...]

Issue #9

KEY TAX ISSUES - 2008 FEDERAL BUDGET

Webb Martin Consulting is pleased to provide you with a summary report on key tax issues included in the 2008 Federal Budget, and the impact Budget measures will have on your Accounting practice and your clients.
Brought to you by Neil Jones from Tax Banter
The 2008 Budget summary report [...]

Issue #8
FBT - CARS IN THE FIRING LINE
Two major ATO car benefit projects underway
Car benefits are commonly the highest value of fringe benefit category provided to employees.
The ATO has advised that it has two major projects underway to ensure that employees are meeting their FBT obligations in relation to car benefits.
Project 1 relates to [...]

Issue #7
Borrowing to invest by Superannuation Funds
A topic that has generated much discussion in recent months is the ability of superannuation funds, including self managed superannuation funds (SMSFs) to borrow to invest, subject to certain conditions being satisfied.
The Superannuation Industry (Supervision) Act 1993 (SIS Act) was amended as from 24 September 2007 to allow trustees [...]