GST_question

Joshua Easton Tax

n GST Question  n We are an Australian consolidated group registered for GST with a subsidiary company in NZ. An IT firm (Australian Entity) did some work for our NZn business, and have charged out Head Company for the work but with no GST. Is this correct or should they charge us GST?n n n Answern n It is suggested …

Asset-Test-QandA

Joshua Easton Tax

n Question about Asset Test n We would like to get your opinion on the interpretation in relation to the active asset test.In particular, we want to confirm how the “>50{7dd96b7919860a2c3102c7386769c9f0afed9c42fc01bdf7b43f7ec55abe84c8} periodn that the property is used to carry on the business” is measured.n n n Please refer to the following scenario:n n n Active Asset Test requirements.n n n …

FBT AND STAFF LOANS

Joshua Easton Tax

Questions about FBT & staff loans: If you provide a staff loan, then you must charge the FBT benchmark rate of interest to avoid any FBT liability? If you provide a loan to staff to buy shares as an investment, will the interest be “otherwise deductible” for FBT purposes? Does it make any difference if the shares are in the …

Industrial Relations Update April 2018

Joshua Easton HR/IR, Tax

FAMILY AND DOMESTIC VIOLENCE LEAVE The following abbreviated summary follows the recent decision of the Fair Work Commission as part of the 4-year review of Modern Awards to insert an model domestic violence clause into the awards to allow employees to access 5 unpaid days where they can provide reasonable proof that they aren experiencing family or domestic violence issues. …