BNR’s response to the Coronavirus (COVID-19)

We wanted to take this opportunity to let our valued clients know that we are still very much operational in these challenging times and that our office hours remain unchanged. We acknowledge the significant impact the Coronavirus (COVID-19) is having on businesses,...

Explanation of cash flow assistance for businesses

On 22 March 2020 the Federal Government announced that it would provide a tax free payment of up to $100,000 for eligible small and medium sized businesses that employ workers who withhold Pay As You Go (PAYG) tax from salary and wages. Equivalent relief will also be...

Significant proposed Division 7A changes

Introduction BNR Partners regularly consults on the potential impact of Division 7A of the Income Tax Assessment Act (1936) on its clients including private companies that form part of a deceased estate. To recap, Division 7A ensures that the making of a payment or...

AAT decision stands despite taxpayer’s death

AAT decision stands despite taxpayer’s death The Administrative Appeals Tribunal (AAT) recently held in in Mavris and FCT (2018) AATA 4130 that it had the jurisdiction to make a decision concerning an objection decision after the completion of a hearing even though...