Tax – General
4 steps to becoming audit-ready
From publicaccountant.com.au: To prepare clients for potential ATO audits, tax agents should focus on organisation rather than avoidance, encouraging clients to document their processes, … read more
CA ANZ pushes for government to scrap super tax policy
From www.accountantsdaily.com.au: CA ANZ is urging the government to abolish the Superannuation (Better Targeted Superannuation Concessions) Bill 2023 due to significant design flaws, including … read more
PwC’s Monthly Tax Update
From www.pwc.com.au: Keeping you up to date on the latest Australian and international tax developments – February 2025… read more
Recovery of Outstanding SGC
From cathropartners.com.au: The Superannuation Guarantee Charge represents the amount employers must pay for eligible employees when they miss mandatory superannuation contributions.
Starting from 1 … read more
IRS Urges Taxpayers to Choose Tax Preparers Carefully
From insightfulaccountant.com: (US context) The IRS emphasises the importance of carefully selecting tax professionals to prevent tax-related identity theft and financial harm.
It provides … read more
Financial Services in Focus – Issue 98
From hallandwilcox.com.au: A roundup of recent developments in superannuation, financial product advice, financial markets, anti-money laundering, insurance, banking and other financial services regulation.… read more
Does your trust deed have appropriate income & streaming powers?
From www.dbalawyers.com.au: Streaming different types of income to beneficiaries in discretionary trusts requires express authorization in the trust deed, otherwise, the ATO expects income … read more
Jan 2025 Round Up | The looming Div 7A problem areas
From www.knowledgeshop.com.au: The ATO has issued draft determination TD 2024/D3 regarding Division 7A, indicating that a private company’s guarantee of a loan from another … read more
Government to push ahead with GIC deduction changes
From www.accountantsdaily.com.au: The Senate Economics Legislation Committee has recommended a bill to deny income tax deductions for general interest charges (GIC) and shortfall interest … read more
Proposed GIC deduction changes
From www.acuitymag.com: Starting from 1 July 2025, the general interest charge (GIC) and shortfall interest charge (SIC) on tax debts may become non-deductible under … read more
Stephen Jones announces retirement
From www.accountantsdaily.com.au: Financial Services Minister Stephen Jones announced his retirement from federal politics, stating he will not seek re-election as the member for Whitlam. … read more
U.S. tax on foreigners
From theconversation.com: President Trump has the power to double U.S. taxes on foreign citizens and companies under a 90-year-old provision in the tax code, … read more
Minimising taxes as an investor
From morningstar.com.au: Strategies for minimizing taxes as an investor, including options for individuals, trusts, and companies, including ow the methods work, the considerations to … read more
Election 2025: The adviser edit
From www.knowledgeshop.com.au: Political parties have launched early campaigns for the upcoming election, revealing key policy announcements beneficial to accountants and advisers.
Notable proposals include … read more