New bill calls for IRS to regulate tax preparer
From www.accountingtoday.com: (US context) Rep. Steve Cohen has reintroduced the Tax Return Preparer Accountability Act, which seeks to grant the IRS explicit authority to … read more
Month: March 2025 AWST
Squeezing the lemon from both ends: interest payable to the ATO
From hwlebsworth.com.au: The Federal Government plans to amend the Income Tax Assessment Act 1997 to disallow tax deductions for General Interest Charge (GIC) and … read more
National guide to managing a rental property
From www.apimagazine.com.au: Successfully managing a rental property requires careful decision-making across tenant management, property upkeep, and financial oversight, with legal considerations varying by state. … read more
Trump’s tariffs impact on Australia
From mozo.com.au: Trump’s tariffs on steel and aluminium, announced in February 2025, could induce higher inflation, increased mortgage costs, and volatile financial markets in … read more
Voluntary sustainability reporting frameworks
From bdo.com.au: This coverage outlines Australia’s strategic emphasis on sustainability, including the impending mandatory climate reporting, the value of voluntary reporting for smaller entities, … read more
2025 CFO Sustainability Outlook outcomes
From bdo.com.au: CFOs are progressively integrating sustainability into their core operations, driving financial performance and opening sector-specific opportunities.
As sustainability becomes a growth driver … read more
No FBT for some car parking
From bdo.com.au: A Federal Court ruling declared a Toowoomba shopping centre car park as non-commercial for Fringe Benefits Tax purposes, contradicting ATO’s Taxation Ruling … read more
Some NFPs will have to prepare sustainability report
From bdo.com.au: Mandatory sustainability reporting is being introduced for some Australian not-for-profit entities, including those required to lodge financial reports under certain provisions of … read more
Boardroom Brief Week Commencing 10 March 2025
From gtlaw.com.au: This briefing offers a comprehensive update on corporate advisory, regulatory amendments, and key decisions affecting non-executive directors, including ACCC’s guidance on merger … read more
ASX revises approach to continuous disclosure
From piperalderman.com.au: ASX has updated its guidance on continuous disclosure obligations, expanding the circumstances where companies can describe rather than name a counterparty or … read more
Administrators’ diligence before section 436C appointment
From www.corrs.com.au: Registered liquidators must exercise appropriate care and diligence to ensure that their appointment under section 436C of the Corporations Act 2001 is … read more
New Franchising Code of Conduct: Table of key changes
From treasury.gov.au: The new Franchising Code of Conduct, effective from April 1, 2025, introduces simpler rules, improved pre-entry and renewal processes, and enhanced protections … read more
Natural disasters raise problems for farming clients’ SMSFs
From www.smsfadviser.com: Natural disasters significantly impact farming clients with SMSFs, resulting in losses.
Legal expert Katie Timms highlights the complications arising from asset damage, … read more
Not all rules have changed with legacy pension amnesty
From www.smsfadviser.com: While the ability to commute legacy pensions is now available, many existing regulatory aspects remain unchanged, particularly regarding transfer balance cap calculations … read more
Managing international work arrangements with Employers of Record
From www.pitcher.com.au: Remote work is increasingly becoming a permanent aspect of the global workforce, with employees seeking more flexibility.
Employers of Record (EOR) help … read more