http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/rss.xml en-au (C) Smart Company 2008 Tax & Legal Update http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20081001-Taxmans-cash-economy-review-catches-the-unwary.html?source=RSS No-one can say the cash economy has been beaten. It’s just that the taxman now has more tools then ever to track it down. By TERRY HAYES Tax & Legal Update Thu, 02 Oct 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20081001-Taxmans-cash-economy-review-catches-the-unwary.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080930-The-new-IR-Now-for-the-details.html?source=RSS Are we faced with ‘WorkChoices lite’? Or is Labor really going to wind the clock back? PETER VITALE explores the IR nitty-gritty. Tax & Legal Update Tue, 30 Sep 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080930-The-new-IR-Now-for-the-details.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080923-Taxman-keeps-machining-the-benchmarks-.html?source=RSS If the taxman’s set standard just won’t mesh with your business’s outcomes, you’d better seek advice. Benchmarks are not just instructive, but can be almost forensic in the taxman’s hands. By TERRY HAYES Tax & Legal Update Thu, 25 Sep 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080923-Taxman-keeps-machining-the-benchmarks-.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080922-Lockout-An-employers-right-to-strike.html?source=RSS If industrial relations turn sour, you always have the weapon of a lockout on hand – but ANDREW DOUGLAS warns that it is not a piece of IR ordnance that should be shot from the hip. Tax & Legal Update Tue, 23 Sep 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080922-Lockout-An-employers-right-to-strike.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080916-Unpaid-tax-debts-SME-directors-beware.html?source=RSS In tough times, SME owners who are directors of family companies might be tempted to delay payment of a tax debt. But as TERRY HAYES explains, that is dangerous – here's why. Tax & Legal Update Wed, 17 Sep 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080916-Unpaid-tax-debts-SME-directors-beware.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080916-Telstras-IR-dogfight-has-lessons-for-all-employers.html?source=RSS If you thought the new Labor Government meant that workplace relations were going to get simpler, think again. PETER VITALE reports on the IR wrangling that is testing these boundaries. Tax & Legal Update Tue, 16 Sep 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080916-Telstras-IR-dogfight-has-lessons-for-all-employers.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080910-SME-tax-compliance-What-will-the-taxman-look-at.html?source=RSS This year the tax office plans to undertake hundreds of reviews and audits of SMEs, and will check up on thousands more. Here is a guide to help you prepare. By TERRY HAYES Tax & Legal Update Thu, 11 Sep 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080910-SME-tax-compliance-What-will-the-taxman-look-at.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080903-Tax-record-keeping-gets-some-wriggle-room.html?source=RSS The taxman is giving small business a little latitude in coping with tax record keeping using off-the-shelf software. By TERRY HAYES Tax & Legal Update Thu, 04 Sep 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080903-Tax-record-keeping-gets-some-wriggle-room.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080901-New-target-Bosses.html?source=RSS Under the Rudd Government, the workplace policeman is widening his beat. Employers had better get used to more scrutiny, but ANDREW DOUGLAS has pointers to stay in the good books. Tax & Legal Update Tue, 02 Sep 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080901-New-target-Bosses.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080827-Real-CGT-relief-for-your-business.html?source=RSS Does your business operate with active or inactive assets? It can be an important tax distinction, and could free your company from unnecessary capital gains pain. By ROBERT RICHARDS Tax & Legal Update Thu, 28 Aug 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080827-Real-CGT-relief-for-your-business.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080826-Unfair-contracts-legislation-grows-teeth.html?source=RSS Warning: Before signing on the dotted line with any contractor, every business owner should be aware of these recent court decisions. By PETER VITALE Tax & Legal Update Tue, 26 Aug 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080826-Unfair-contracts-legislation-grows-teeth.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080819-When-to-pay-your-tax-debt.html?source=RSS Taxpayers who are in dispute with the taxman over a tax debt are often in two minds – pay the debt now to avoid interest penalties if you lose the dispute, or refuse to pay and show you are confident you can win. ROBERT RICHARDS reports. Tax & Legal Update Thu, 21 Aug 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080819-When-to-pay-your-tax-debt.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080812-Taking-on-the-taxman.html?source=RSS If you think you’ve been dudded by the taxman, you can always challenge his ruling in court. But while launching legal action can be expensive, stressful and risky, the benefits may be worth it. SALLY SCOTT and ANDREW O’BRYAN report. Tax & Legal Update Thu, 14 Aug 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080812-Taking-on-the-taxman.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080811-If-the-unions-offer-seems-too-good-to-be-true.html?source=RSS Unions have changed their tune. Instead of pushing for new EBAs they are trying to extend pre-WorkChoices agreements. But, reports ANDREW DOUGLAS, you need to ask why. Tax & Legal Update Tue, 12 Aug 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080811-If-the-unions-offer-seems-too-good-to-be-true.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080806-Taxing-advice.html?source=RSS Taxpayers are typically entitled to claim a tax deduction for tax advice. But as ROBERT RICHARDS from CPA Australia explains, a recent case shows that taxpayers need to be careful they don’t abuse this deduction. Tax & Legal Update Thu, 07 Aug 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080806-Taxing-advice.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080805-Post-employment-restraints-could-take-you-up-the-garden-path.html?source=RSS The courts are taking a dim view of long post-employment restraint agreements, so employers need to look at their options. By PETER VITALE Tax & Legal Update Tue, 05 Aug 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080805-Post-employment-restraints-could-take-you-up-the-garden-path.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080730-Saving-tax-on-fuel-used-in-a-business.html?source=RSS Despite compliance regulations, claiming the credits on fuel tax will help reduce costs at a time when cost pressures are increasing. By TERRY HAYES Tax & Legal Update Thu, 31 Jul 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080730-Saving-tax-on-fuel-used-in-a-business.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080723-DIY-super-funds-Beware-the-sole-purpose-test.html?source=RSS DIY super funds may have outperformed retail funds recently, but the rules around DIY funds can be complex. TERRY HAYES explains how the sole purpose test for DIY super works. Tax & Legal Update Thu, 24 Jul 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080723-DIY-super-funds-Beware-the-sole-purpose-test.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080718-When-is-a-worker-not-a-worker-.html?source=RSS Employers are increasingly being held liable for the actions of employees when not at work. Is your business exposed? ANDREW DOUGLAS explains your best tactics to mitigate the risks Tax & Legal Update Tue, 22 Jul 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080718-When-is-a-worker-not-a-worker-.html?source=RSS SmartCompany RSS http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080715-How-to-manage-your-tax-risk.html?source=RSS Every business owner should get their head around the very real benefits of tax risk management. By TERRY HAYES Tax & Legal Update Thu, 17 Jul 2008 00:00:00 GMT http://www.smartcompany.com.au/Premium-Articles/TaxLegalUpdate/20080715-How-to-manage-your-tax-risk.html?source=RSS SmartCompany RSS