£1,600 penalty for taxpayer with no tax liability
From www.accountingweb.co.uk: (UK context) Taxpayer Mohammad Muhsen Yaqoobi lost his appeal against a £1,600 late filing penalty for his 2020/21 self-assessment, claiming ignorance of … read more
Month: January 2025 AWST
Beyond the Hype: AI Pitfalls and Best Practices
From alvarezandmarsal.com: Navigating the complexities of AI integration, this examination delves into common pitfalls and offers best practices for enterprise organizations.
It underscores the … read more
TLDR: 2025 crypto predications round-up
From piperalderman.com.au: Predictions for the cryptocurrency landscape in 2025 emphasize increased institutional adoption and recognition as a strategic reserve asset.
Key trends include significant … read more
When to engage recruiters
From CPA Australia: Engaging a recruitment firm can be beneficial for organizations lacking internal resources or expertise to fill specialist positions, as recruiters have … read more
Could AI increase advisers’ capacity?
From www.ifa.com.au: AI has the potential to significantly enhance the capacity of financial advisers, with advisers managing 200-250 clients each by automating tasks like … read more
SMC calls for teenage super law to be scrapped
The Super Members Council urges the Australian government to remove the 30-hour work threshold that denies teenagers access to superannuation contributions, Accountants Daily reports.
Research … read more
Cash mandate: conflicting messages
The Institute of Public Accountants says the government’s cash acceptance mandate conflicts with previous pushes for businesses to adopt digital payments, www.accountantsdaily.com.au reports .
Treasurer … read more
Election complicates tax planning
From www.accountantsdaily.com.au: The Tax Institute warns that the upcoming federal election will further complicate tax planning for clients due to several announced but unenacted … read more
Opposition favours accountants regulation reduction
From www.smsfadviser.com: Luke Howarth, the shadow assistant treasurer, expressed openness to allowing accountants to provide financial advice and emphasized a potential reduction in regulations … read more
Legacy pensions changes could lead to more scrutiny
From www.smsfadviser.com: Tim Miller from Smarter SMSF suggests that recent changes to legacy pension regulations could prompt the ATO to review other critical issues, … read more
General and specific NALE
SMSF professionals should pay attention to the changes introduced in Law Companion Ruling 2021/2DC, which clarify the distinctions between specific and general non-arm’s length expenditure … read more
Important Tax Deadlines for Victorian Property Owners in 2025
From pcllawyers.com.au: Victorian property owners in 2025 will be subject to various tax implications, including the Vacant Residential Land Tax and the Absentee Owner … read more
LMT Exemptions: What Should You Know This 2025?
From jbsolicitors.com.au: Labour Market Testing in Australia and the exemptions that facilitate the hiring of foreign workers in specialized roles.
The conditions for exemptions, … read more
Accounting Firm Business Plan
From futurefirm.co: A solid accounting firm business plan helps avoid common pitfalls, such as taking on unsuitable clients and hiring the wrong team members. … read more
SOAs the ‘most inefficient’ aspect of advisers’ work
From www.ifa.com.au: Liberal MP Bert van Manen has introduced a private member’s bill aimed at streamlining the excessive paperwork and regulations surrounding statements of … read more