Month: February 2025 AWST
Cost of living delays retirement
From www.thesenior.com.au: The rising cost of living is forcing many retired Australians, like 69-year-old Lydia, to return to work or delay their retirement to … read more
Accountants’ Gender pay gap
From www.accountantsdaily.com.au: A recent survey reveals that a significant gender pay gap persists in the accounting profession in Australia, with men earning $16 more … read more
Australia won’t escape Trump trade chaos
From www.aumanufacturing.com.au: Australia is likely to face economic repercussions due to the ongoing trade tensions initiated by US President Donald Trump, including potential tariffs … read more
The road to crypto regulation
From www.icaew.com: (UK context) The Financial Conduct Authority plans to regulate the cryptoasset sector in the UK and is seeking industry feedback as UK … read more
A serious attempt to fix the retirement phase of superannuation
From www.themandarin.com.au: The Grattan Institute has proposed government annuities to enhance Australia’s superannuation system, addressing the complexities retirees face in converting accumulated savings into … read more
4 steps to becoming audit-ready
From publicaccountant.com.au: To prepare clients for potential ATO audits, tax agents should focus on organisation rather than avoidance, encouraging clients to document their processes, … read more
$3m super tax bill taken off debate schedule again
From www.smsfadviser.com: The Better Targeted Superannuation Concessions bill has been removed from the Senate debate schedule, indicating the government’s uncertainty about securing enough votes … read more
SMSF sector continues to grow
From www.smsfadviser.com: The average balance in a self-managed super fund (SMSF) has increased by over 20% according to the latest ATO statistics, with assets … read more
Timing important in binding financial agreements
From www.smsfadviser.com: Timing is crucial when establishing a binding financial agreement to avoid negatively impacting a relationship, according to family law partner Justine Woods. … read more
Beware when transferring property title
From www.smsfadviser.com: SMSF trustees must obtain a clearance certificate and provide it to the purchaser when selling or disposing of Australian real property to … read more
Windfall gains tax – Victoria
From www.dbalawyers.com.au: Since July 1, 2023, Victoria has implemented a Windfall Gains Tax (WGT) on land that experiences a value increase of over $100,000 … read more
What is Liquidation?
From pcllawyers.com.au: The primary goal of liquidation is to ensure that the company’s debts are cleared in a systematic way and any leftover assets … read more