Accountants role in SMSF wind-ups
From www.smsfadviser.com: Accountants cannot advise clients to wind up a SMSF, as this requires a financial license, but they can assist with various related … read more
Month: March 2025 AWST
Why you shouldn’t worry about market decline
From www.sbs.com.au: Australian superannuation accounts have declined due to a significant drop in the stock market, linked to U.S. President Donald Trump’s imposition of … read more
Risks from changes to tax secrecy laws
From www.accountantsdaily.com.au: The Tax Institute warns that proposed changes to tax secrecy laws allowing shared confidential tax information with unrelated agencies could significantly compromise … read more
Key Australian industry indicators – March 2025
From www.aigroup.com.au: Industry output in Australia experienced a modest 1.3% annual growth in the December quarter, largely driven by non-market sectors, while market sectors … read more
How to manage risks around kleptocracies
From www.icaew.com: Accountants face significant risks when associating with kleptocratic states or individuals, as discussed in the book “Indulging Kleptocracy.”
Enhanced due diligence is … read more
How Gen Z can avoid burnout
From www.icaew.com: Gen Z employees report higher rates of burnout symptoms compared to older colleagues, with 55% under 30 experiencing affected work performance.
Contributing … read more
Tariffs: Australians urged to buy local
From michaelwest.com.au: Australia faces a 25% tariff on steel and aluminum exports to the U.S. after failing to secure an exemption, prompting Prime Minister … read more
Be aware of changes to cap-free pathways
From www.smsfadviser.com: Allocations from reserves typically count towards the recipient’s contribution cap, but new regulations now mean such allocations may also impact the member’s … read more
PR lessons from Slater and Gordon
From mumbrella.com.au: Slater and Gordon faces a significant trust crisis following a leak of sensitive salary data and personnel information.
Communications expert Peter Wilkinson … read more
Regulating Australias private capital market
From bdo.com.au: Regulatory shifts in Australia’s private capital market are balancing growth with transparency, as ASIC aims to ensure investor protection and awareness of … read more
US steel and aluminium tariffs commence 12 March 2025 US EST
From bdo.com.au: US steel and aluminium tariffs, including a 25 percent duty rate, started to apply to Australian imports from 12 March 2025.
Exporters … read more
New ASBFEO legal support for small businesses
From dynamicbusiness.com: The Australian Small Business and Family Enterprise Ombudsman has expanded its subsidised legal advice service to assist small and family businesses with … read more
Cost of living rises marginally
From smsmagazine.com.au: Retirees saw a modest cost of living increase of less than 1% in the December quarter of 2024, as expenses for some … read more
FBT 2025: Key Updates & ATO Compliance Changes
From fortisap.com.au: Businesses must review their FBT obligations before the year ends on 31 March, focusing on electric vehicle exemptions, contractor classifications, and record-keeping. … read more