The latest financial news from Traverse Accountants to help you succeed.
Read our ‘Client Insights’ newsletter for the month of August to find out how you could benefit from the latest news and incentives.
Read a summary of our featured articles below, and download our official e-newsletter here to read the full articles.
Featured Articles
When is a gift not a gift?
The Tax Commissioner has successfully argued that more than $1.6m deposited in a couple’s bank account was assessable income, not a gift or a loan from friends.
Avoiding the gift tax trap
A gift of money or assets from an individual is generally not taxed if the gift is given voluntarily, nothing is expected in return, and the gift giver does not materially benefit.
Divorce, you, and your business
Breaking up is hard to do. Beyond the emotional and financial turmoil divorce creates, there are a number of issues that need to be resolved.
