The ATO has released a tax alert: distributions to non-resident beneficiaries which may have a significant negative impact for some Australian trusts.
Tax alert: Distributions to non-resident beneficiaries
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The ATO has released a tax alert: distributions to non-resident beneficiaries which may have a significant negative impact for some Australian trusts.
Statistics show small business is responsible for 12.5% of the total estimated ‘tax gap’. So what makes up the $11.1 billion small business tax shortfall?
The ATO has again flagged that under reporting of foreign income is an issue but this time the ATO take ‘gloves off’ on overseas income.
Whether you use a registered tax agent or lodge your own tax return, if you are travelling for business, what you can claim will now be explained!
Make a new (financial) year resolution for your record keeping practices that’s easy to stick to! Here’s to a prosperous new (financial) year, new you!