Director penalty notice defences – a how to guide

Have you received a director penalty notice? This is a standard letter for the ATO but it carries some serious implications for you.  You need to act quickly. First, the context.  The ATO is pursuing you because a company that you are or were the director of owes some money.  The ATO probably issued the [...]

ATO objection letter – how to do them

Did you get a terrible result from an audit? You know deep down if the auditor got it wrong.  If they did, you can still get it fixed.  You're the one who has to cop the tax debt - the auditor just moves on with their life - you're the one who will keep getting [...]

Tax office dirty tricks revealed

If you are in litigation with the ATO, expect them to use dirty tricks on you. Below is a list of the dirty tricks that I have personally seen used on my clients: Muddying the issue – when you appeal the ATO will sometimes “defend” a claim you did not make, thereby muddying the issue [...]

How Donald Trump’s tax plan is already creating jobs in the US – the perspective of an international tax lawyer from Australia

There is no doubt in my mind that the Trump tax plan, specifically the reduction in the corporate tax rate from 35% to 21%, will new create jobs in the US. I know this because I already have clients and fellow tax lawyers in the US talking to me about making this happen. Let me [...]

Can I claim the export market development grant (EMDG)?

What is it? It helps you pay for your marketing costs when selling your products overseas by reimbursing you (up to 50%) for amounts you spend on promoting your products and services for export (except to New Zealand and North Korea) Most products and services where the intended buyer is a foreigner will qualify, so [...]

tax audit review success stories

The very words ‘tax audit’ strike fear into many people. But audits aren’t always a bad thing. In fact, sometimes they can work in your favour. To illustrate this, here’s some real life success stories: A client was audited for GST. After some back and forth with the tax office, it turned out they had [...]

The 6 stages of dealing with ATO audits

It’s a phone call many of us dread. The ATO is on the line informing you they’ve decided to audit you. The panic sets in and you lose all sense of rational thought. But just stop and breathe. The chances you’ve done something truly wrong are minimal. Even if you have made a mistake, the [...]

How to reduce your tax by investing in start ups

If you’re an investor or a start-up looking for an investor, you may have heard that the government has introduced a new tax break for investors investing in start-ups. The way it works is fairly straightforward:  invest is a qualifying start-up (the technical term is “Early Stage Investment Company or ESIC”) and get a tax [...]