Even when a trust correctly characterises unpaid present entitlements to corporate beneficiaries in accordance with the ATO’s guidelines in Taxation Ruling TR 2010/3, the trust still needs to consider the application of Subdivision EA and EB of Division 7A when [...]
Trusts wanting to stream capital gains and/or franked dividends need to ensure that intended beneficiaries receive the appropriate amount of the ‘net financial benefit’ associated with the capital gain / franked dividend. Failure to allocate the appropriate ‘net financial benefit’ [...]
Determining whether you are engaging an employee or a contractor has significant tax ramifications – the PAYG withholding, Superannuation Guarantee, Payroll Tax and Workcover implications arising from these alternative arrangements can be very different. This is a target area of [...]
