From retirementessentials.com.au: Deeming rates will be frozen for another year starting July 1, 2025, providing retirees with more certainty regarding their entitlements.
However, single renters, such as the case of a 70-year-old non-homeowner named Jane, are disproportionately affected by the income test calculations, resulting in reduced Age Pension eligibility despite meeting asset limits.… read more
From myboyum.com: This guide explores vendor fraud, detailing its types, warning signs, preventive measures, detection methods, and potential impacts.
Includes insights for manufacturers, helping them identify fraudulent vendors and protect their financial health, supply chain integrity, and company reputation.… read more
From www.accountantsdaily.com.au: Parliament has passed amendments that will prevent taxpayers from deducting general interest charge (GIC) and shortfall interest charge (SIC) from 1 July 2025, aimed at encouraging timely tax payments.… read more
From www.smsfadviser.com: The Board of Taxation has voted to treat cryptocurrency as trading stock for self-managed superannuation funds SMSFs, resulting in a loss of the CGT discount if the recommendations are accepted.… read more
From www.smartcompany.com.au: The Senate passed the Treasury Laws Amendment (Tax Incentives and Integrity) Bill 2024, extending the $20,000 instant asset write-off for small businesses through 2024-2025.… read more
From www.abc.net.au: The Senate passed unexpected tax cuts proposed by the Labor government, which provide an annual cut of up to $268 for taxpayers, with the Coalition opposing the measure and vowing to repeal it in favor of a fuel excise cut.… read more
From www.abc.net.au: The Albanese government has proposed a ban on non-compete clauses for workers earning below a high-income threshold of $175,000, addressing concerns that such clauses disproportionately impact entry-level employees and low-to-middle income earners.… read more
From mccullough.com.au: The 2025/26 Federal Budget introduces a reduction in the personal income tax rate for the lower tax bracket and increases in Medicare levy thresholds, alongside cost of living relief measures.… read more
From www.smartcompany.com.au: Starting July 1, 2025, interest on overdue ATO debts, specifically the General Interest Charge (GIC) and Shortfall Interest Charge (SIC), will lose their tax deductibility following the passage of new legislation aimed at increasing tax revenues by $500 million annually.… read more
From bdo.com.au: Federal Budget measures aim to tackle productivity and workforce challenges in Australia’s housing construction industry.
Through investments in innovation, regulatory reforms, and workforce development initiatives, the government seeks to enhance productivity, fill skills gaps, and meet housing supply goals.… read more
From alvarezandmarsal.com: (US context) Deferred tax assets and liabilities allocation requires a fair assignment of tax attributes at the consolidated level to the carve-out entity, with the SEC favouring the separate return method.… read more
From sophiegrace.com.au: This guidance details the criminal offence of ‘tipping off’ under the AML/CTF Act, its impact on investigations, how to manage customer risks, and the conditions for disclosing information to third parties.… read more
From www.cyberdaily.au: NSW Police have launched an investigation into a significant data breach at the Department of Communities and Justice involving the unauthorised access of approximately 9,000 sensitive court files, including apprehended violence orders and affidavits.… read more
From russellkennedy.com.au: The ACCC Merger Reform introduces a new merger control regime effective from 2026, with draft guidelines focusing on data-driven analysis and assessments of market power, competition, and public benefits.… read more