Phone
Sydney: +61 2 9516 3382
Brisbane: 1300 546 770
OFFICES BY APPOINTMENT:
Lvl 34 Nous House, 60 Margaret St
Sydney NSW 2000
Lvl 12 Nous House, 259 Queen St
Brisbane QLD 4000
Mailing Address
PO BOX 617, Agnes Water QLD 4677
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Dec 2018 Client Newsletter || Business Partner Agreements. Investing. ATO Alerts. Compensation Payments.
December 6, 2018Click here to view – Client Tax and Business Newsletter-Dec-2018
We close Saturday 22 December and open Thursday 3 January. Over the holiday break, halfway through the financial year, many business owners and investors review their positions. Now is a good time to read these articles and book a meeting in January with Electra for further planning advice.
Business partner agreements. A formal agreement can set the ground rules and prevent owners from turning on one another if things don’t go as well as planned. Whether it’s a partnership agreement, shareholder agreements’ or unitholders’ agreement – we explain what can go wrong if you don’t have one, and the steps for drafting your agreement.
The ATO’s use of “taxpayer alerts”. This is how the ATO warns taxpayers about emerging issues of concern in tax planning. We explain the implications of your affairs being the subject matter of one.
Investment tax issues. We run through the types of investment earnings that are ordinary income and those that are capital in nature; as well as losses, foreign tax issues, GST, substantiation and a few tax risk areas that you should be aware of when planning your investment portfolio.
Compensation for financial wrong-doings, such as has been uncovered by the Royal Commission, may still attract tax. If you’ve received inappropriate financial advice and are compensated for your losses, read this article before doing your tax return.
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Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter. Or book a consultation here.
contact us
Sydney: +61 2 9516 3382
Brisbane: 1300 546 770
OFFICES BY APPOINTMENT:
Lvl 34 Nous House, 60 Margaret St
Sydney NSW 2000
Lvl 12 Nous House, 259 Queen St
Brisbane QLD 4000
Mailing Address
PO BOX 617, Agnes Water QLD 4677
business@electrafrost.com.au
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