Ed. From www.dbalawyers.com.au: The Federal Court case Lynn v Australian Financial Complaints Authority involved a dispute over the allocation of superannuation death benefits following the death of Richard Lynn, who had a non-binding death benefit nomination in place for his estranged wife and children.… read more
From www.bantacs.com.au: Body corporate fees related to strata units used for income generation are generally tax deductible, while special purpose levies may complicate tax claims depending on whether they represent repairs or improvements.… read more
From cgw.com.au: Superannuation death benefits can be directed to spouses, children, and financial dependents, while siblings may only receive them if financially dependent or through the estate.… read more
From newsport.com.au: Police have arrested 18 individuals in North Queensland for their involvement in a $2 million tax fraud scheme, which involved creating fake businesses to fraudulently claim GST refunds.… read more
From bdo.com.au: Lenders actively support the health industry by offering financing for commercial properties, practice acquisitions, and medical equipment.
Health professionals benefit from favourable personal finance options, including higher loan-to-value ratios and waived mortgage insurance.… read more
From millsoakley.com.au: Australian Courts are addressing the use of generative AI in legal proceedings, with the New South Wales Supreme Court prohibiting its use for certain materials and the Federal Court adopting a cautious approach.… read more
From insightfulaccountant.com: [US context; podcast] Debra Kilsheimer shares her unconventional journey in accounting, transitioning from traditional firm culture and selling Mary Kay to implementing flat-rate, value-based pricing at her firm, Behind the Scenes Financials Inc.… read more
From thefifthestate.com.au: Indigenous procurement policies are increasingly adopted by governments, but the private sector struggles to effectively support First Nations businesses due to misconceptions about their capabilities and systemic barriers.… read more
From www.smsfadviser.com: The Federal Court case, Lynn v Australian Financial Complaints Authority [2025] FCA 175, emphasises the critical need for clear succession and estate planning to ensure deceased members’ super death benefits are distributed as intended.… read more
From hlb.com.au: The end of the financial year presents an opportunity for Australians to maximise superannuation contributions and associated tax deductions, particularly focusing on concessional and non-concessional contributions.… read more
From www.accountingtoday.com: [US context] The Internal Revenue Service is increasing its reliance on artificial intelligence to enhance case selection for audits amid significant workforce reductions, which have seen over 11,400 employees laid off.… read more
From www.accountingtoday.com: Accountants play a crucial role in maintaining financial transparency and integrity by detecting discrepancies and preventing potential failures before they escalate into scandals.… read more
From www.accountantsdaily.com.au: [Podcast] Chris Sequeira, a partner at Wexted Advisors, discusses trends and insights in the Australian insolvency landscape during a recent podcast episode.
He highlights challenges faced by businesses and emphasises the role of the ATO, small business restructuring, and indicators of impending insolvency.… read more
From pointonpartners.com.au: The Federal Court found St Basil’s Homes, an aged care provider, unlawfully terminated a registered nurse’s employment in violation of the Fair Work Act 2009 due to her workplace complaints and race.… read more
From www.dbalawyers.com.au: The Full Court of the Federal Court of Australia determined that the dominant purpose of the Merchant group’s transaction involving the Gordon Merchant Superannuation Fund was to obtain a tax benefit by crystallizing a capital loss.… read more