From www.smsfadviser.com: An SMSF cannot lodge an amended tax return years after discovering a discrepancy.
Attempting to amend an earlier tax return could alert the ATO, leading to potential audits for the involved financial professionals.… read more
From www.smsfadviser.com: A recent court case highlighted the essential requirements for a valid will, emphasising that informal documents can sometimes be recognized as testamentary if the deceased’s intent is proven.… read more
From www.accountantsdaily.com.au: CA ANZ CEO Ainslie van Onselen warns that the proposed Division 296 tax, targeting superannuation balances exceeding $3 million, will unfairly impact surviving spouses, particularly women, who are already disadvantaged in terms of retirement savings.… read more
From www.accountantsdaily.com.au: Accountants are warned about compliance issues with family trusts that could result in unexpected tax liabilities as the ATO intensifies scrutiny in this area.… read more
From www.smsfadviser.com: SMSF members with a transition to retirement income stream (TRIS) should be aware of their turning 65 date to effectively plan for their transfer balance account (TBA) and transfer balance cap.… read more
From financialnewswire.com.au: Accountants are facing increasing costs and regulatory pressures, prompting some to disengage from lower-value clients, according to Chartered Accountants ANZ’s submission to the Taxation Ombudsman.… read more
From bdo.com.au: Tech CFOs prioritise consumer data protection and cybersecurity, with many planning to enhance privacy measures and local data storage.
They are also focused on managing tax risks and improving profitability through strategic investments and operational adjustments.… read more
From alvarezandmarsal.com: AI is revolutionising workplaces by necessitating new people strategies and fostering human-AI collaboration.
Successful integration requires ethical governance, workflow redesign, and organizational upskilling.… read more
From alvarezandmarsal.com: AI is driving a surge in data center power needs, prompting developers to focus on rapid, flexible power project execution.
Alvarez & Marsal provides strategic insights to enhance infrastructure delivery and execution, collaborating globally to meet growing demands.… read more
From fssuper.com.au: Market-linked pensions can now be fully commuted, allowing members to cash out or convert to an account-based pension until 6 December 2029.
The legislation influences terminology, style, and asset test implications under Centrelink rules.… read more
From www.pwc.com.au: As the financial year closes, companies utilizing the R&D tax incentive should prepare for potential regulatory reviews by the Department of Industry, Science and Resources and the ATO.… read more
From www.smsfadviser.com: Superannuation funds are increasingly turning to investment bonds as an alternative strategy to mitigate the impact of proposed Division 296 tax and superannuation death benefits tax, according to Felipe Araujo, CEO of Generation Life.… read more
From publicaccountant.com.au: A catchy and clever business name can significantly enhance marketing and customer engagement for small businesses, showcasing creativity and originality.
It’s essential to maintain clarity for customer understanding, especially in serious industries, while ensuring the name aligns with the audience’s expectations.… read more
From www.professionalplanner.com.au: The Federal Court dismissed a class action against Count Financial, ruling that the subsidiary did not fail to act in the best interests of its clients.… read more
From atlaswealth.com: The Labor Government has proposed a new superannuation tax, Division 296, which targets Australians with superannuation balances exceeding $3 million, taxing not only realised gains but also unrealised gains.… read more