The ATO has now formalised its views on repayments of Division 7A loans where new loans are subsequently made indirectly via other entities. A specific anti–avoidance provision in Division 7A disregards repayments of loans in circumstances where the borrower obtains a new loan from the same company. As a result, the original loan remains unpaid […]
Our very own Stuart Dall, a Partner at Pitcher Partners Melbourne, joined Victorian Chamber Chief Executive Paul Guerra and York Park Group’s Sean Sammon for a deep dive into the tax system, the political landscape and what business really wants from the next federal government. Stuart offers a candid and compelling look at why meaningful […]
Trusts are a flexible and tax effective structure that are ideal for building passive wealth. With close to 1,000,000 registered trusts in Australia (per the ATO data) there are several key advantages, but these need to be balanced with the cost and additional administration of operating a trust structure. Key advantages Key principal advantages of […]
Updated information as of April 1, 2025: Legislation to implement the proposed new tax on super balances above $3m did not pass Parliament prior to the election being called. The legislation has now expired and the new tax will not proceed as previously announced. While this outcome looked unlikely less than 12 months ago, pleasingly […]
Key points The ATO’s Practical Compliance Guidelines 2021/4 will apply to all principals of certain professional firms starting in FY25. The Guidelines set out the risk of ATO audit or review activity in relation to the allocation of professional firm profits. Recent ATO communications highlight compliance issues in the legal profession. The Australian Tax Office’s guidelines relating to the […]
In a decision with potential implications for employers with business premises in suburban areas, the Federal Court of Australia held that a shopping centre car park was not a commercial parking station for fringe benefits tax (“FBT”) purposes. This decision challenges the view of car parking benefits presented by the Commissioner of Taxation (“the Commissioner”) […]
Peejade is a Client Director in the Tax Consulting division of Pitcher Partners Melbourne. With over 20 years of specialist experience in employment taxes, Peejade shares his expertise on both compliance and advisory matters. Prior to joining Pitcher Partners in 2023, Peejade was the national employment taxes leader for one of the largest corporates in […]
Key points Messy records mean lost deductions, denied tax credits, and ATO audits—accuracy is everything. Keep invoices, receipts, and payroll records for at least five years (some even longer) to stay compliant. Smart record-keeping isn’t just about tax—it helps you track growth, secure funding, and stay in control. When it comes to tax compliance, the […]
Last week’s unanimous Full Federal Court decision in Commissioner of Taxation v Bendel (“Bendel”) indicates that the Australian Tax Office’s (ATO) views since December 2009 about unpaid present entitlements (“UPEs”) should no longer be sustainable in the context of Division 7A. While we wait for further announcements from the ATO or the Federal Government (regarding […]
Chanel is a Client Director in Pitcher Partners’ Tax Advisory Group, specialising in private wealth taxation, with particular expertise in Division 7A, trusts, managed funds, and engagement with Australian Taxation Office (ATO) reviews, audits and disputes. Before joining Pitcher Partners in 2020, Chanel held roles with both the ATO and Treasury across audit, technical and […]
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