Death pension doubt from TR 2013/5
From smsmagazine.com.au: An update to Taxation Ruling 2013/5 has caused uncertainty regarding the treatment of death benefit pensions if the minimum payment requirement is … read more
Month: March 2025 AWST
Taxes and regulatory costs impact on Vic housing
From hia.com.au: A report commissioned by the Housing Industry Association reveals that government taxes and regulatory costs now account for $373,000, or 43%, of … read more
Cost of EV, PHEV tax breaks higher than forecast
From www.carexpert.com.au: The FBT exemption for electric vehicles (EVs) and plug-in hybrids (PHEVs) has resulted in a tax revenue loss of approximately $564 million … read more
Water Pipeline is a dutiable Interest in Land
From sladen.com.au: The New South Wales Court of Appeal upheld a decision that a water pipeline is considered an interest in land and is … read more
Estate distributions: Patience is a virtue (and a legal requirement)
From www.cbp.com.au: Executors must exercise caution when distributing estate assets, especially within the first six to twelve months after the deceased’s death, to avoid … read more
Native title rights are property, compensation payable
From www.claytonutz.com: The High Court has ruled that Indigenous Australians may claim compensation for the extinguishment of their native title rights occurring before the … read more
Momentum builds against Trumps’ anti climate agenda
From thefifthestate.com.au: (US context) President Trump’s administration has faced significant backlash against its anti-climate policies, including a series of lawsuits from states and companies … read more
People-first approach helps build accounting practice
From publicaccountant.com.au: Sanjay Ghimire, an accountant and tax consultant at Strive Tax Advisory, emphasizes a people-first approach to build his accounting practice after arriving … read more
Disappointing customers: limiting liability
From piperalderman.com.au: A recent class action settlement involving Carnival plc, related to a cruise disrupted by adverse weather conditions, highlighted the challenges of claiming … read more
Directors’ duties: ASIC
From asic.gov.au: ASIC is working to simplify regulations and encourage greater technical expertise on boards, particularly in areas like technology and data management.
Failures … read more
Selling the family home guide
From www.moneymag.com.au: When selling the family home, most homeowners are exempt from paying CGT on the profit from the sale, provided the property qualifies … read more
ASIC launches consultative group to simplify regulation
From www.themandarin.com.au: ASIC has formed a Simplification Consultative Group to streamline regulatory compliance and reduce burdens on businesses, directors, and consumers.
ASIC chair Joe … read more
Fintech SaaS execs discover the enemy within, and it’s AI
From www.accountingtoday.com: Fintech companies face a dilemma as they integrate artificial intelligence into their products, which can reduce the need for human workers, thus … read more
Load up on laptops, and other accounting tech stories
From www.accountingtoday.com: (US context) Acer plans to raise laptop prices in the U.S. due to new tariffs, prompting advice to purchase laptops soon.
Cybersecurity … read more
Mastering EOFY: insights and strategies
From www.myob.com: The end of the financial year is critical for New Zealand accountants and bookkeepers, providing opportunities to ensure compliance and optimize workflows … read more