What You Need To Know with Dr Mark” – September 2023 Edition – Salary Bonuses Assessable When Received
In this September 2023 Legalwise edition of “What you Need to Know with Dr Mark”, Dr Mark Pizzacalla looks at a recent tax case which concluded that an individual was assessable on his salary bonus when the monies were received in Australia instead of when the work was performed overseas.
Dr Mark Pizzacalla is a Senior Partner of global accounting firm, BDO. Mark is a recognised industry leader, and expert commentator and presenter on business and tax issues, having contributed significant tax commentary through media and publications, including Lateline Business, The Australian Financial Review and The Tax Institute Journal.
Mark has over 30 years of tax experience, including being appointed by the Federal Government to Australia’s Board of Taxation. Mark’s business experience, including as Director for various companies (incl German and Italian subsidiaries), gives him strong insights into both the strategic and operational business issues facing his clients. Mark’s specialisations include:
- Taxation audits, rulings & litigation
- Business advisory
- Structuring for acquisitions & disposals
- Corporate tax governance and risk management
- Inbound & outbound investments
- Succession planning
Mark completed his PhD in relation to the taxation of small businesses in Australia and is one of the few tax practitioners whose work has been cited in Australia’s Parliament. A number of Mark’s SME tax policy recommendations have been adopted by the Federal Government.
Should you wish to contact Dr Mark, he is available on email mark.pizzacalla@bdo.com.au or mobile 0413048440.