Mugabetown - Whoretownin' At It's Worst.

[sneakey pete]

Will do better next time i'm sure. Staff member is back from sick leave, no more moving the office but still having to do the same amount of work, stress levels should be way down.

[t5iv]

You can photocopy whatever you want mate.............at the end of the day it will all come down to the integrity of the individual / business being reviewed....................they will profile you based upon the information you furnish to them and that will give them lead indicators on what is credible and what is not.

CSI is baiscally coming to reality guys.

Guys like me are fuarked.

[Ants]

Morning all

[Ants]

Guys like me are fuarked.

nah youl be right!

[cowdy]

Morning

[Ants]

Hi Zac

[Captain Natro]

Morning fauarkers

[Ants]

Soooooooo..........dividend access shares come at me.

well that's what our lawyer just advised as an alternative structuring arrangement...............I can already see the reaction from my clients........something like this

Antz brain will have to resolve it...........again

[Cadmoon]

This is why Antz is on the big bucks.

[t5iv]

Soooooooo..........dividend access shares come at me.

well that's what our lawyer just advised as an alternative structuring arrangement...............I can already see the reaction from my clients........something like this

ImageUploadedBySAU Community1392266565.662205.jpg

Antz brain will have to resolve it...........again

dafuq? Why?! Can think of a few obscure situations where that could be a vaguely conceivable option...

[t5iv]

For those playing at home:

Private companies with accumulated profits may issue a new class of shares to associates of the ordinary shareholders of the private company. These new classes of shares are created and often issued for nominal consideration. They do not carry any voting rights but usually carry the opportunity to receive dividends.

Subsequently, when the accumulated profits of the private company are distributed to the new shareholders, the tax paid is often substantially less than what would have been recognised in the hands of the original shareholders.

Although private companies and their advisors may have a commercial rationale for creating such arrangements i.e. asset protection, estate planning or as a performance incentive mechanism for personnel, the Commissioner will be checking to ensure these arrangements have not been set up for a tax avoidance purpose.

[Ants]

This is why Antz is on the big bucks.

should be on the bigger bucks to deal with this structural nightmare

[Ants]

dafuq? Why?! Can think of a few obscure situations where that could be a vaguely conceivable option...

exactly! Plus my clients will not see the value in this and will crystalise unwanted tax implications.

[Ants]

For those playing at home:

Private companies with accumulated profits may issue a new class of shares to associates of the ordinary shareholders of the private company. These new classes of shares are created and often issued for nominal consideration. They do not carry any voting rights but usually carry the opportunity to receive dividends.

Subsequently, when the accumulated profits of the private company are distributed to the new shareholders, the tax paid is often substantially less than what would have been recognised in the hands of the original shareholders.

Although private companies and their advisors may have a commercial rationale for creating such arrangements i.e. asset protection, estate planning or as a performance incentive mechanism for personnel, the Commissioner will be checking to ensure these arrangements have not been set up for a tax avoidance purpose.

straight off the ATO website nice one Tony. This ^ is also why this option may not be a viable one..........as the level of audit risk is significant and although would not benefit a tax advantage it from it, it would create unrecoverable time charged............for something the client would not understand.

[Cadmoon]

Less soulless accountant speak MOAR SKYLINES!

[Ants]

Less soulless accountant speak MOAR SKYLINES!

I dream of skylines........I have much soul

[Captain Natro]

I dream of skylines........I have much soul

I dreamt I was drifting the abomb the other night, was an odd dream...

[SCR48]

Less soulless accountant speak MOAR SKYLINES!

You ask, I'll deliver....

[SCR48]

I dreamt I was drifting the abomb the other night, was an odd dream...

Did it capsize?

[Captain Natro]

Did it capsize?

No but it was turboed, which was odd I also narrowly missed a pole...

Also went to a giant house, and got lost within it like a maze was messed up