The Australian Taxation Office (ATO) has released Taxation Determination TD 2025/6, which directly affects Division 7A loans, interposed entity arrangements, and loan guarantees. With retro...Read MoreRead More
The Australian Taxation Office (ATO) has released a new legislative instrument that finalises the effective life of certain depreciating assets for tax depreciation purposes.
The new det...Read MoreRead More
The Australian Taxation Office (ATO) has confirmed that eligible food retailers, such as small supermarkets and convenience stores, can continue to use the Simplified Accounting Method (SAM...Read MoreRead More
The Family Trust Distribution Tax (FTDT) remains a significant concern for trustees and advisers, especially with the Tax Avoidance Taskforce Trusts Program prioritising FTDT compliance. Un...Read MoreRead More
If you are a company director in Australia, it’s crucial to understand the implications of a Director Penalty Notice (DPN). At Gavin Ma & Co Accountants, we help business owners navig...Read MoreRead More
The Australian Taxation Office (ATO) has released a Decision Impact Statement (DIS) following the Federal Court's ruling in Simplot Australia Pty Limited v FCT [2023] FCA 1115. This case fo...Read MoreRead More
The Australian Taxation Office (ATO) has released a significant Addendum to Taxation Ruling TR 2004/18, providing updated guidance on CGT event K6 under section 104-230 of the Income Tax As...Read MoreRead More
In a landmark move fulfilling a key election promise, the Australian Government has introduced new legislation designed to ease the burden of student debt. The Universities Accord (Cutting ...Read MoreRead More
The Australian Taxation Office (ATO) has issued Taxation Determination TD 2025/4, outlining the reasonable travel and overtime meal allowance amounts for the 2025–26 income year. These be...Read MoreRead More
If your private company provides loans to shareholders or their associates, Division 7A of the Income Tax Assessment Act 1936 is likely on your radar. A key part of Division 7A compliance i...Read MoreRead More
