Boardroom Brief Week Commencing 5 May 2025
From gtlaw.com.au: ASIC has disqualified a NSW director for five years due to involvement in failed companies and improper actions, emphasizing the need for compliance with tax and solvency laws.… read more
Superannuation Planning on Sale of a Property
From www.bantacs.com.au: Selling an investment property often results in significant capital gains, which can incur high tax liabilities; therefore, strategic planning around superannuation contributions is essential to mitigate these taxes.… read more
Showcasing the value of advisory
From www.fathomhq.com: On the importance of showcasing the value of advisory services to clients, particularly during economic challenges when they may view these services as optional.… read more
How to advance your career when working remotely
From acuitymag.com: Boost your remote career by demonstrating impact, communicating achievements, and maintaining a strong online presence.
Engage actively in meetings and take responsibility for continuous skill development.… read more
How to Become a Legal Guardian of a Child
From jbsolicitors.com.au: An outline of the principles and process for becoming a legal guardian of a child in Australia.
It details the responsibilities and authority granted through guardianship orders, emphasising the child’s best interests.… read more
Concerns grow as taxpayers turn to ChatGPT
From www.accountantsdaily.com.au: Taxpayers are increasingly turning to ChatGPT for information and advice on complex tax issues, which raises concerns about accuracy and compliance within the tax system.… read more
Delay income stream due to TBC indexation
From www.smsfadviser.com: Clients may benefit from delaying the commencement of an income stream due to the general transfer balance cap being indexed to $2 million.… read more
OpenAI explains uses of each ChatGPT model
From www.bleepingcomputer.com: OpenAI has published a document to help users understand the different ChatGPT models and their appropriate uses, aiming to reduce confusion.
The five available models include GPT-4o, GPT-4.5, o4-mini, o4-mini-high, and o3, each designed for specific tasks ranging from general creative uses to technical problem-solving.… read more
When tax planning becomes tax avoidance
From johnjeffreystax.com.au: In the case of Merchant v Commissioner of Taxation, the Full Federal Court determined that Mr. Merchant’s actions, which involved crystallising a capital loss to offset a significant capital gain, constituted tax avoidance under Part IVA due to the sale of the BBG shares to a related party.… read more
Property Damage From Fire – Tax & Insurance Traps
From www.bantacs.com.au: If your home or investment property was damaged by fires, the ATO imposes specific tax implications related to insurance payouts, repairs, and rebuilds.… read more
Google NotebookLM is now using Gemini 2.5 Flash
From www.bleepingcomputer.com: Google NotebookLM has upgraded to Gemini 2.5 Flash, enhancing its research tool’s ability to generate more comprehensive responses, especially for complex multi-step reasoning questions.… read more
Hypothetical Tax Withholding: A–Z Guide
From au.andersen.com: Hypothetical tax is a payroll deduction that approximates the tax owed in an employee’s home country to ensure net-pay equity across jurisdictions.
Employers use it to maintain consistent net-pay and promote fair mobility by preventing advantages in low-tax areas.… read more
Blockchain Bites: US Federal Reserve withdraws anti-crypto guidance,…
From piperalderman.com.au: The US Federal Reserve has withdrawn its previous guidance that restricted banks from engaging with crypto-related products, allowing banks to explore these opportunities freely.… read more
Super Alert – 2 May 2025: Systemic Issues Insights Report, …
From www.khq.com.au: AFCA’s latest Systemic Issues Insights Report highlights common issues in superannuation, including concerns about financial firms’ responsiveness, IT disruptions affecting member access, defective claims process disclosures, and delays in rollover requests.… read more
5 key essentials of trademarking
From pbl.legal: Trademarking involves registering business names and logos separately to ensure legal protection and prevent infringement.
It requires navigating the registration process governed by the Trademarks Act 1995 and maintaining trademarks through regular renewals and market use.… read more