Taxes

SMSF excess contributions tax avoidance: ATO targets dodgy deeds

08th June 2010
If you think your SMSF deed allows you to circumvent excess contributions tax - think again. The ATO has recently published a Taxpayer Alert which examines the effect of provisions in some SMSF deeds that attempt to avoid excess contributions tax. These a...

Business Law

If a company doesn't pay its tax, then the director’s must- you can run but you can't hide

02nd June 2010
Directors must ensure their companies comply with their taxation obligations. If the companies don't pay, then the directors may face personal penalties including having to pay the tax on account of the company's PAYG obligations. In a recent case, even a...