Australia
What is phoenixing?

By Sean Wengel on 25/03/25 - Mins to read: 4 minutes

Illegal phoenixing is a deceptive manoeuvre used by some businesses to sidestep their obligations, leaving creditors, employees and other stakeholders at a loss. It involves deliberately transferring assets from an indebted company to a new one, leaving the former to face insolvency. Such predatory practices not only damage the economy...
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How to structure the purchase of investment property

By Kyle Wathen on 25/03/25 - Mins to read: 4 minutes

When you are interested in purchasing investment property or any investment asset for that matter, you should consider whether you are purchasing the asset in an appropriate structure. If the appropriate structure is not established from the start, it can end up being very costly, and restructuring may not be...
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Establishing a tax-effective employee share scheme (ESS) or employee stock option plan (ESOP) in Australia

By Alex Zinzopoulos on 25/03/25 - Mins to read: 4 minutes

Setting up an employee share scheme (ESS) or employee stock option plan (ESOP) to attract, retain and incentivise staff is valuable to many Australian businesses. It’s also beneficial to the numerous international businesses that expand their operations into Australia and employ members of our highly skilled workforce. Here, we explore...
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What are ‘exploration and evaluation assets’ and how are they measured?

By Syeon Koh on 25/03/25 - Mins to read: 4 minutes

If you’re asking, ‘what are exploration and evaluation assets?’, the answer lies in their accounting treatment and purpose within the mining sector. If you have secured a mining tenement, completed the prospecting phases and you’re now ready to begin exploration while subsequently wondering how to account for the costs, then...
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Avoidable common Div 7A errors medical professionals make

By Julie O'Reilly on 25/03/25 - Mins to read: 4 minutes

For busy medical professionals and GP owners, the financial well-being of your practice is just as critical as the health of your patients. One area that frequently trips up practice owners is Division 7A – a complex part of tax law closely watched by the ATO. Unfortunately, entirely avoidable errors...
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How does the ATO view an overseas gift or loan?

By Danielle Constantine on 25/03/25 - Mins to read: 4 minutes

Receiving a significant sum of money from an overseas relative or associate is becoming more common. It might be a generous gift to help you buy a home or a loan from a family member to support your business. While the money may feel like a private matter between you...
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