Month: February 2024

Contractor or Employee: Understanding the Distinction According to ATO Guidelines

Blog, Tax Compliance / By

Just because an agreement states that a worker is an independent contractor, this does not mean that they are a contractor for tax and superannuation purposes, new guidance from the ATO warns. Where there is a written contract, the rights and obligations of the contract need to support that an independent contracting relationship exists. The …

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Navigating Tax Disputes: Lessons from a Case of Misaligned Evidence

Blog, Tax Compliance / By

A recent case before the Administrative Appeals Tribunal (AAT) highlights the importance of ensuring that the evidence supports the tax position you are taking. The case involves heritage farmland originally purchased for $1.6m that sold 7 years later for $4.25m and the GST debt that the ATO is now pursuing on the sale. In 2013, …

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SMSFs and Property Development

Blog, SMSF / By

Property development is an attractive prospect for SMSF trustees aiming to boost returns. But before diving in, it’s essential to grasp the rules. From understanding the sole purpose test to exploring different investment paths like direct development and joint ventures, this article breaks down the complexities of SMSF property investment. Join us as we explore the risks and opportunities of this intriguing investment avenue.

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