Enriching Your Business
The Personal Services Income regime continues to be scrutinized and challenged by the Australian Taxation Office. One aspect of the PSI was recently challenged in the case of Park vs. Commission of Taxation (2011) AATA567. In this case, an I.T.
Legislation was passed in 2007 to permit Self-Managed Super Funds (SMSFs) to borrow funds to make investments for the retirement of their member(s). There were different types of investments that were allowed to be made, a few of which are
The Superannuation Guarantee Act of 1992 defines a person as an “employee” if they are an employee under Common Law. As a result, it has the effect of a contractor being deemed as employees for the purposes of Superannuation Liability.