Feb 2025 Round Up | Implications of the Bendel case
From www.knowledgeshop.com.au: The Full Federal Court dismissed the ATO’s appeal in the Bendel case, ruling that unpaid present entitlements (UPEs) owed to corporate beneficiaries … read more
Month: March 2025 AWST
Steelworks administrator’s report
From michaelwest.com.au: Almost 3,500 creditors are owed over $1.3 billion by Whyalla Steelworks, with significant financial troubles highlighted at a creditors’ meeting.
Joint administrator … read more
Common pitfalls in discretionary trusts
From cgw.com.au: Tom Walrut, a special counsel at CGW, discusses common pitfalls in discretionary trusts, which vary based on their purpose and objectives.
Key … read more
Allocating reserves in SMSFs
From www.heffron.com.au: Changes to the treatment of reserve allocations in SMSFs effective from December 7, 2024, allow larger amounts to be allocated without triggering … read more
Wages blowout puts pressure on balance sheets
From www.aigroup.com.au: Soaring national wages, which have increased by 25.8% since the end of the pandemic, are negatively impacting non-mining business balance sheets, as … read more
Key company reporting metric for 2025
From cpaaustralia.com.au: Integrity is crucial in the ESG landscape, with organisations expected to demonstrate genuine impacts rather than fabricate claims, which could lead to … read more
The streaming boom (and why accountants are in demand)
From cpaaustralia.com.au: The Australian film and TV sector faces a shortage of production accountants and tax agents amid a boom in streaming services that … read more
Excel Tips: Microsoft Forms
From cpaaustralia.com.au: Microsoft Forms is an online tool included in Microsoft 365 that allows users to create forms and surveys for gathering feedback and … read more
Small business restructurings
From hallandwilcox.com.au: Small Business Restructurings allow companies with less than $1 million in unsecured debts to restructure while maintaining control and continuing operations, with … read more
Structured philanthropic giving guide
From cpaaustralia.com.au: Judith Fiander, CEO of Australian Philanthropic Services, highlights the advantages of structured giving, which provides immediate tax benefits for donors and serves … read more
Essential advice for the next generation
From cpaaustralia.com.au: Wei Hock Lee, deputy assurance leader at EY Singapore, talks about the importance of hard work and authenticity in the accounting profession, … read more
Insolvency trends, updated ASIC guidance and SBR
From www.aicd.com.au: Australia’s insolvency landscape has seen a rise in appointments, reaching over 11,000 in FY24 and projected to exceed 15,000 in FY25, particularly … read more
low-cost small business dispute resolution support
From www.asbfeo.gov.au: The Australian Small Business and Family Enterprise Ombudsman has expanded its subsidised legal advice services for small and family businesses, allowing assistance … read more
PwC’s Monthly Tax Update
From www.pwc.com.au: PwC offers a Monthly Tax Update that provides insights into recent developments in corporate tax, employment tax, international tax, indirect tax, state … read more
super fund millions spent on memberships and marketing
From financialnewswire.com.au: HESTA, an industry superannuation fund, declined to disclose legal advice regarding nearly $4 million spent on memberships and marketing, citing client legal … read more