Month: April 2025 AWST
Reversing into a regulator – reverse solicitation pitfalls
From www.tglaw.com.au: Entities operating under an AFSL must exercise caution when engaging with clients outside Australia, as reverse solicitation does not offer a reliable safe harbour from regulatory scrutiny.… read more
Avoiding Multiple Layers of Taxation
From alvarezandmarsal.com: (US context) Double taxation in corporate structures and the interplay between Section 245 and Section 956 pose intricate tax challenges for corporations.
A&M Tax professionals Alon Kritzman, Kenneth Brewer, and Logan M.… read more
Property investment company: reduce CGT by 28%!
From prosolution.com.au: Using a private company structure for property investment can lead to significant CGT savings, despite the common disadvantages such as no immediate benefit from negative gearing and the inability to access the 50% CGT discount.… read more
Advantages of having just 1 pension account
From www.smsfadviser.com: Combining multiple smaller pension accounts into a single larger account can lead to numerous administrative and compliance challenges.
Individuals often accumulate multiple pensions because contributions cannot be added to an existing pension’s capital, complicating the process of merging them.… read more
Should I disclose my use of gen AI to clients?
From www.journalofaccountancy.com: (US context) CPAs are increasingly integrating generative AI into their practices but face challenges regarding client disclosure and data protection.
Currently, no federal law mandates disclosure, though some state laws exist, and firms should consult legal counsel to navigate this complex landscape.… read more