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
Month: March 2025 AWST
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
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
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