Ed. From www.kiplinger.com: (US context) The Fair Tax Act of 2025 seeks to abolish the IRS by replacing personal and corporate income taxes with a national sales tax of 23%, potentially rising to 30%.… read more
From sophiegrace.com.au: ASIC has taken legal action against United Super Pty Ltd for failing to efficiently handle claims, emphasizing the importance of adherence to breach reporting and risk management policies.… read more
From sophiegrace.com.au: ASIC’s recent updates, effective from January 10, 2025, have extended financial reporting and auditing obligations for Australian Financial Services Licensees, necessitating enhanced compliance and transparency.… read more
From www.acuitymag.com: Seven key trends are set to transform the accounting profession in 2025, including increased automation, the demand for real-time accounting, and the emphasis on ESG reporting.… read more
From atlaswealth.com: Australian expats must address several legal considerations to ensure compliance with local and international laws when living abroad.
Key steps include reviewing property ownership and tax implications, notifying the State Revenue Office about rental income, updating or drafting a will, and regularly reviewing legal documents.… read more
Check out these common myths that cause Division 7A mistakes.
See link Date published: Jan 13, 2025
See also: ‘The company’s money is not your money… read more
From grantthornton.com.au: New legislation classifies dividends funded by capital raising as unfrankable, affecting Australian tax offsets and non-resident withholding taxes.
The ATO seeks to prevent the imputation system’s manipulation, tightening reporting requirements and urging shareholders to stay informed about the potential loss of franking credits.… read more
From alvarezandmarsal.com: Grasping the intricacies of the Pillar 2 rules is crucial for businesses maneuvering the ever-changing global tax environment.
Vital issues include the 15% minimum effective tax rate, the Safe Harbour provision in Country-by-Country Reporting (CbCR), and how to gear up your data and systems for compliance.… read more
From alvarezandmarsal.com: This comprehensive analysis presents an overview of anticipated changes in the US regulatory environment, government incentive programs for anti-corruption, compliance best practices, corporate governance trends, and the rise in dawn raids.… read more
From alvarezandmarsal.com: Navigating a stagnating market requires a proactive transformation of Sales and Operations Planning (S&OP) processes, emphasizing flexibility, operational efficiency, and data-informed decision making.… read more
From apimagazine.com.au: Commercial property sectors in 2025 are expected to thrive due to broader economic stability, anticipated growth in healthcare, education, and tourism sectors, and a surge in business confidence.… read more
From www.smartcompany.com.au: Opposition leader Peter Dutton has announced plans to raise the instant asset write-off threshold to $30,000 permanently and to reverse significant changes made to industrial relations by the current Labor government, emphasizing support for small businesses.… read more
From www.financialstandard.com.au: Arthur J. Gallagher & Co has acquired Western Australia-based Wealth Management Partners (WMP), specializing in retirement plan risk management.
The entire WMP team, including managing partner Steve Beattie and three senior partners, will continue under Gallagher’s direction, enhancing the company’s financial wellbeing consulting capabilities in Australia.… read more
From www.proactiveinvestors.com.au: Imugene Ltd received an A$11.7 million research and development tax refund from the Australian Taxation Office, which includes A$514,093 in interest, as part of the government’s R&D tax incentive program.… read more