Recovering a Debt From an Individual
From LegalVision: To recover a debt from an individual, start by contacting the debtor through polite emails and phone calls, followed by a formal … read more
Month: January 2025 AWST
Australia’s 2025 Policy Changes: Key Updates
From fortisap.com.au: Australia will implement significant policy changes on 1 January 2025, including enhanced Single-Touch Payroll requirements, increased penalties for wage theft, and tax … read more
Insurance and SMSFs – part 1
From www.smsfadviser.com: Younger Australians are increasingly adopting Self-Managed Superannuation Funds, and need to consider insurance options like Permanent Incapacity insurance.
The regulations allow members … read more
What Is Bona Vacantia? An Overview
From justicefamilylawyers.com.au: Bona vacantia refers to unclaimed property or assets left behind when a person dies without a will or identifiable heirs in Australia. … read more
When’s the right time for pastures new?
From www.accountingweb.co.uk: Accountants should take the beginning of the year as an opportunity to reevaluate their career paths and consider whether it may be … read more
CFO roles will expand and create more value in 2025
From www.accountingtoday.com: In 2025, CFOs will see their roles expand due to talent shortages, rising cybersecurity threats, and the increasing adoption of AI, which … read more
Life insurance proceeds and death benefit pensions
From www.accurium.com.au: Trustees of Self-Managed Superannuation Funds must formulate and regularly review an investment strategy that considers whether to hold insurance for one or … read more
AML/CTF reforms in Australia Q&A
From www.charteredaccountantsanz.com: Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) reforms, passed on December 10, 2024, will include nine professional services, such as assistance in … read more
NT workers underpaid super
From www.accountantsdaily.com.au: One in four Northern Territory workers are affected by underpaid superannuation, with over 25,000 employees losing an average of $2,110 each in … read more
Commutation of pensions: New regs
New regulations allow for the commutation of market-linked pensions and complying lifetime pensions commenced within Self-Managed Superannuation Funds (SMSFs), reports www.smsfadviser.com.
These changes, effective … read more
Classifying in-house assets: related parties
From www.smsfadviser.com: To classify an asset as an in-house asset, it is essential to first identify related parties to the fund.
All members of … read more
Share Investing for Australian Expats
From atlaswealth.com: Australian expats can enhance their wealth through share investing, benefiting from flexibility, diversification, and tax efficiency.
Shares are classified as non-taxable Australian … read more
Australia’s key Policy Changes for 2025
From fortisap.com.au: Australia will implement key policy changes on 1 January 2025, affecting businesses and workers with updates that include enhanced Single-Touch Payroll requirements, … read more
Incy Interiors still trading after ‘final’ sale
From www.smartcompany.com.au: Incy Interiors continues to operate despite previously announcing a closure after a ‘final’ sale in August 2024, as the owner, Tom Fitzpatrick, … read more
How to Disinherit a Child in a Will in Australia?
From jbsolicitors.com.au: In Australia, it is legally permissible to disinherit a child in a will, provided it adheres to state laws and justifiable reasons … read more