TPB: further light on breach reports
From www.accountantsdaily.com.au: The Tax Practitioners Board has clarified that practitioners are not required to report breaches based solely on hearsay or unsupported opinions.
There … read more
Holistic approach to SMSF property compliance
From www.fssuper.com.au: An holistic approach to property investment compliance is essential for SMSFs to ensure adherence to the legal framework set by the ATO … read more
SMSF auditors and s 109
From www.dbalawyers.com.au: Approved SMSF auditors should retain full copies of all executed leases for each SMSF real property asset for the entire financial year … read more
Libel, Slander, and Defamation
From stonegatelegal.com.au: Libel, slander, and defamation involve false statements that harm an individual’s or business’s reputation, with libel being written or permanent statements and … read more
The ‘existential’ threat to ASIC
From michaelwest.com.au: ASIC Chair Joe Longo highlights the “existential” threat facing the corporate watchdog due to its lack of resources and inability to keep … read more
Self-education Claim Fail
From Yahoo Finance: ‘An Aussie had her $25,000 claim knocked back and accountant Will Buckley said it’s a timely reminder for everyone.’
‘Self-education deductions … read more
ATO changes position on Merchant Decision
From www.smsfadviser.com: Following the decision involving Gordon Merchant’s SMSF, the ATO updated its decision impact statement reflecting two key changes regarding trustee disqualification.
The … read more
Top Super Growth Funds Of 2024
From www.ibtimes.com.au: Australian superannuation funds had a strong performance in 2024, with the median growth fund delivering an 11.4% return, fueled by lower inflation … read more
Injunctions in Queensland
From stonegatelegal.com.au: Injunctions in Queensland serve as legal remedies that compel parties to act or refrain from actions to prevent harm, offering flexibility when … read more
DEI Initiatives Axed
From www.ibtimes.co.uk: (US context) Target has decided to end its diversity, equity, and inclusion (DEI) initiatives, a move seen as part of a wider … read more
Why the practice finance landscape is changing
From www.icaew.com: (UK context) The UK accountancy industry is undergoing significant changes due to structural economic shifts and technological advancements, attracting private equity (PE) … read more
The five essential elements of a GenAI prompt
From www.icaew.com: Effective prompt writing for generative AI significantly enhances the quality of its outputs by focusing on five essential elements: the task, the … read more
How to screen Companies’ data for corruption red flags
From www.icaew.com: (UK context) Graham Barrow, a fraud expert, presented methods to analyze Companies House data for signs of fraudulent registrations during an ICAEW … read more
Reforms needed for an adequate retirement income
From johnmenadue.com: Australians have substantial superannuation balances, but major reforms are needed to ensure these funds are effectively used to provide adequate retirement incomes … read more
2024 hits and misses, and expectations for 2025
TaxVibe podcast published by The Tax Institute, where we peel back the layers of the Australian tax world.… read more