Taxation Law FAQ - My Accountant Has Restructured My Financial Affairs
Date: July 13, 2011
Q. We have been going to the same accountant for a number of years who is a family friend and he has restructured our financial affairs for the sole purpose of obtaining the maximum taxation benefits available and it seems to me that we may be sailing close to the wind. What should we do?
A. Unfortunately for you, you are already in trouble without knowing it. Where a scheme has been entered into for the sole or dominant purpose of obtaining a tax benefit then you have committed a number of tax offences and may be subject to prosecution by the CDPP for criminal activity. Once again accountants are not taxation lawyers and unfortunately a number of them give advice sometimes knowing it to be incorrect in the hope that it will please the client and they will retain their business. Alternatively where this is not the case to give advice without fully appreciating the consequences leaving the client exposed to any number of initiatives which may be taken by the ATO or any number of other government-related bodies is negligence. Retain a tax lawyer urgently.
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Date: July 14, 2011
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Author(s): LAC Lawyers
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Date: July 13, 2011
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Date: July 13, 2011
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Date: July 13, 2011
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Date: July 13, 2011
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Date: July 13, 2011
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Date: July 13, 2011
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Date: July 13, 2011
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Date: July 13, 2011
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Date: March 04, 2011
How does the trust operate?
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Date: March 03, 2011
I have developed a unique business which I wish to franchise as I do not want employees. What should I do in the circumstances
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Date: March 03, 2011
I own a large company and have been approached by a competitor organisation to buy it. The offer is an extremely good one. Are you able to advise and prepare all the necessary documentation to allow the sale to proceed
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Date: March 03, 2011
I run a successful business and am wondering because I have restricted capital what I should do to develop it further
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Date: March 03, 2011
I want to purchase a franchise for a new business – is this a complicated process which requires a lawyer
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Date: March 03, 2011
I want to purchase my friend’s business – can I use the same accountant or lawyer to save on costs
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Date: March 03, 2011
If I declare myself bankrupt will I be able to escape my creditors and get on with my life and start again
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Date: March 03, 2011
I am a franchisee and paid good money for the franchise which I operate. Recently it came to my attention through a number of other franchisees that the master franchisor is refusing to accept his responsibility to ensure that poaching does not occur. What should I/we do in the circumstances
Taxation Law - Personal Services Business Structures
Date: January 13, 2011
Author(s): Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary), Scott Gray LPAB, Grad. Dip. Legal Practice
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Date: March 22, 2008
Author(s): LAC Lawyers
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Author(s): LAC Lawyers