Who is taxing directors?

Article Abstract:

The Australian Taxation Office is taking severe action against the directors relating to tax liabilities of companies. The office is concentrating on PAYG liabilities. Directors are exposed to personal liability if they fail to remit the PAYG tax that is withheld from the employee payments. The relevant provisions are discussed.

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A matter of (service) trust

Article Abstract:

The implications of the Australian tax commissioner's draft ruling TR2005/D5 for Australian professionals using service trusts that provide facilities like premises, staff, accounting functions etc. are discussed.

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Each to their own benefit

Article Abstract:

Employers in Australia are preparing different types of remuneration packages for baby boomers, Generation X and Generation Y. The taxation aspects of these remuneration packages are discussed.

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