The High Court has rejected a taxpayer’s attempt to disclaim an interest in trust income that arose as a result of a default beneficiary clause being triggered.
Facts
The taxpayer, Ms Natalie
Our mission is to establish a culture of retaining and attracting exceptional people in order to provide exceptional services.
Our vision is to be one of Australia’s most reputable professional services firms, providing innovative solutions and creating superior value for our people and our clients.
Established in 2001, FSA is a professional services firm providing tax, audit and advisory services to some of Australia’s leading privately owned businesses, publicly listed companies, not-for-profit organisations and high net worth individuals.
Our service offering includes advice and solutions traditionally provided by top tier professional services firms, at exceptional value. It includes corporate tax, international tax, estate and business succession planning, research and development, business valuations, due diligence reviews, audit and assurance services and structuring commercial transactions.
As a testament to our quality, FSA continues to be engaged by a number of accounting, finance and legal practices across Australia to act as special tax counsel.
In essence, we are defined by our people and the clients that we represent.
Our clients include prominent privately owned businesses, publicly listed companies, high growth companies, innovative start-ups, reputable not-for-profit organisations and foreign multinationals investing in Australia.
FSA continues to expand and attract exceptional people due in no small part to our values:
Honesty and Integrity
We present our service offering, fees and capabilities in an ethical and honest manner.
Care and Commitment
We care for our people and our clients.
We do not limit opportunities for personal growth and development for our people.
We commit wholeheartedly to our clients and take pride in their success and make ourselves available when required.
Knowledge and Strategic Thinking
We achieve exceptional results for our clients by retaining and attracting exceptional people who are at the forefront of the latest changes, strategies and developments in the accounting field.
Diversity
It is fundamental to our success that we accept, value and incorporate people from a wide variety of backgrounds, expertise and experience, regardless of race, ethnicity, religion or gender.
The High Court has rejected a taxpayer’s attempt to disclaim an interest in trust income that arose as a result of a default beneficiary clause being triggered.
Facts
The taxpayer, Ms Natalie
The ATO is in the process of writing to taxpayers that may be eligible to have their tax debts disclosed to credit reporting bureaus (‘CRBs’).
The ATO can potentially report outstanding
An event that we have become accustomed to every 1 April, is that the amount of the Private Health Insurance (‘PHI’) rebate decreases.
The Australian Government rebate on PHI is annually
From 1 July 2022, two important super guarantee (SG) changes will apply to your business. These are:
the rate of SG is increasing from 10% to 10.5%
the $450 per
Telephone: 1300 372 786
Email: info@fsa.com.au
Business Address: Coronation Drive Office Park (CDOP)
Building 3, Ground Floor, 139 Coronation Drive
Milton QLD 4064, AUSTRALIA
(Entry via Little Cribb St)
Postal Address: PO Box 1128, Milton QLD 4064, AUSTRALIA