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. …