SamarasLawyers

The ATO has released a practice statement which outlines the application of the promotor penalty laws. The Law Administration Practice...

The Corporations (Director Identification Number) Data Standard 2021 (Instrument) requires that new and existing directors are to obtain...

For the purposes of the Duties Act 1997 (NSW), Revenue NSW has refined its view on when a person under a power of attorney can affirm...

In an effort to support older Australians, the Government has published Exposure Draft Legislation documents with Explanatory Materials,...

A lot more people have been working from home because of the COVID-19 crisis. To make it easier for people to claim deductions for...

Company tax rate The tax rate for companies with an aggregated turnover under $50 million will reduce from 26% to 25% from 1 July 2021....

George Samaras Principal gsamaras@samaraslawyers.com.au Taxation, Family and Business Lawyers

Easier to pay your tax bill The ATO has improved how your business can use and manage its credit or debit card details in Online services...

New FBT thresholds and rates for 2021–22 The ATO has released new thresholds and rates for the 2021­–22 fringe benefits tax (FBT) year...

It is common for certain business owners (e.g. sole traders, individuals and partnerships, etc.) to use trading stock for private...

It is fairly common for professionals, such as IT specialists, engineers and business consultants, to operate their business through a...

JobKeeper scheme The JobKeeper scheme ended on 28 March 2021. Your business does not have to do anything, but it will need to complete...

As most are now aware, the State Revenue Legislation Further Amendment Act (NSW) became law on 24 June 2020. The legislation affects:...

COVID-19 measures - JobMaker hiring credit The JobMaker Hiring Credit scheme (“JobMaker”) is a new government incentive in response to...

This case has broad reaching implications for tax, employment law and other areas in business. This is an Appeal decision of the Full...