Crucial issue to consider when buying a company

johann nogueiraUncategorized%s Comments

Where a buyer commences to hold all of the shares in a company (including a company acting as trustee of a trust), they are highly likely to be appointed as a director of that company. Although being a director in itself does not make the director personally liable for the debts of the company, there are two types of tax … Read More

Ride-sourcing is ‘taxi travel’

johann nogueiraUncategorized%s Comments

In a recent case, the Federal Court has agreed with the ATO that ‘ride-sourcing’ (such as that provided using Uber) is ‘taxi travel’ within the meaning of the GST law. The ATO has advised people who are taking up ride-sourcing to earn income should:  keep records; have an Australian business number (ABN);  register for GST, regardless of how much they … Read More