FasterTax with Ray Cummings of Greenoak Advisory

1. What is "distributable surplus"

2. Can you self correct an error?

3. What if loan is used for business or investment purposes?

1. What is the $6 million net asset test?

2. What is the $2 million turnover test?

3. Why are connected and affiliated entities important?

1. Is benefit "in respect of employment"?

2. When is a benefit provided?

3. What is the otherwise deductible rule?

Think you know what income is? Check out my Top 3 issues.

1. Income or capital?

2. When is income earned?

3. Actual vs constructive receipt?

 

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Is it deductible? Check out my Top 3

1. Private expenses vs income related expenses

2. Deductible vs capital outlays

3. Nexus with income

1. Calculating the Gross Capital Gain

2. How to apply revenue and capital losses

3. Applying CGT Discounts

The Federal Government has announced a raft of measures including business incentives and cash handouts covering:

     Individuals and Households

     Business

     Banking and Finance system

    This episode highlights the key issues.

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