What constitutes a payment is a fundamental concept that is relevant to a diverse set of issues regarding the incidence and timing of tax. This presentation goes through an assortment of different practical issues and war-stories in which the concept of payment was central. Including:
- How a bookkeeper became liable for his client’s PAYG
- Asset protection that did not protect the assets
- The ATO’s mixed record on cases arguing that a small business controller didn’t pay themselves
- Related party dealings and R&D; and
- Making SMSF contributions on time.