Aug 27, 2024
As an auditor, I am passionate about the need for simplicity and reducing red tape where possible, and yet when it comes to lease agreements, I believe it should be best practice for auditors to insist upon a written agreement for transactions with related parties....
Mar 31, 2015
Zero-interest loans have been a bit of a grey area for a long time. Previously, borrowing from a related party at zero interest rates has not been frowned upon by the ATO. The ATO was primarily concerned about loans from related parties, made at higher than commercial...
