General Tax Knowledge

Losses
Applying PRIOR YEAR LOSS Company Tax Return Individual Tax Return SMSFAR Trust Tax Return Carried Forward Loss Company Tax Return ...
Tue, 1 Sep, 2020 at 10:03 AM
Minutes of Trustee Resolution
Minutes should be prepared before 30 June. Check this related link from ATO
Wed, 8 Jul, 2020 at 11:55 AM
Cash vs Accrual Reporting in Tax Forms
The correct approach is using "Accrual" rather than "Cash", this is based on the tax form design/instruction perspective. This can be ve...
Mon, 17 Aug, 2020 at 8:54 AM
Flow-through of Dividends from Company via Trust to Human Beneficiary
Company has a profit of $100, pays tax of $27.5, then pays a full dividend of $72.50 that reduces retained earnings to zero  with franking credit of $27.5 b...
Tue, 1 Sep, 2020 at 10:42 AM
Flow-through of Dividends from Company via Trust to Company Beneficiary
Company has a profit of $100, pays tax of $27.5, then pays a full dividend of $72.50 that reduces retained earnings to zero  with franking credit of $27.5 b...
Tue, 1 Sep, 2020 at 12:39 PM