Month: January 2025 AWST
Common mistakes in dealing with company tax debt
From worrells.net.au: Common mistakes in managing company tax debt can lead to overpayments and personal liability for directors.
Looking out for specific traps, such … read more
Liquidators: corporate ghost busters
From worrells.net.au: Businesses facing financial difficulties might consider abandoning their company, but this can lead to serious consequences, including personal liability for directors due … read more
Avoid ATO Transfer Pricing Risks in Property & Construction
From au.andersen.com: ATO is honing in on ensuring compliance with transfer pricing and identifying risks in related-party financing within the property and construction sector. … read more
ASIC Quarterly Update January 2025
From gtlaw.com.au: Quarterly round-up of the key enforcement developments and updates that ASIC-regulated entities and individuals need to know about.… read more
New ASIC Guidance on Insolvent Trading
From sladen.com.au: On December 6, 2024, ASIC updated its Regulatory Guide 217, which advises directors on preventing insolvent trading by actively monitoring a company’s … read more
CSLR advice sector levy hits $70m for FY26, Jones launches review
From www.smsfadviser.com: Minister Stephen Jones announced a comprehensive review of the Compensation Scheme of Last Resort after the levy for financial advisers surged to … read more
Blockchain Bites: Memecoin Mayhem: Trump’s $TRUMP Token Turmoil..
From piperalderman.com.au: Donald Trump launched the $TRUMP token, a memecoin on the Solana blockchain, aiming to commemorate his legacy, while concerns about market manipulation … read more
Jan 2025 Round Up | The looming Div 7A problem areas
From www.knowledgeshop.com.au: The ATO has issued draft determination TD 2024/D3 regarding Division 7A, indicating that a private company’s guarantee of a loan from another … read more
Super Alert – 31 January 2025
From www.khq.com.au: ASIC has urged superannuation trustees to enhance their anti-scam measures following findings that none of the reviewed trustees had comprehensive strategies in … read more
How to remove yourself from the internet
From www.bleepingcomputer.com: To protect personal information from data brokers and online threats, individuals can utilize data removal services like Incogni, which helps remove data … read more
The winding road to the boardroom
From www.accountingweb.co.uk: Finance leaders share insights about their unique journeys to becoming CFOs, highlighting the importance of cross-functional experience and adaptability in the role. … read more
Government to push ahead with GIC deduction changes
From www.accountantsdaily.com.au: The Senate Economics Legislation Committee has recommended a bill to deny income tax deductions for general interest charges (GIC) and shortfall interest … read more