From www.accountingweb.co.uk: Tugger has launched a new reporting portal that consolidates multiple data sources to simplify reporting for accountants, allowing data extraction from various platforms like Xero and HubSpot.… read more
From hallandwilcox.com.au: On April 22, 2025, the Full Federal Court ruled that Web3 Ventures Pty Ltd (Block Earner) did not breach financial services laws, overturning earlier decisions and clarifying that fixed interest crypto lending products may not automatically be classified as financial products.… read more
From retirementessentials.com.au: Spending some savings can potentially increase income for retirees whose assets are just above the Age Pension cut-off.
From 20 March 2025, asset thresholds mean that reducing assessable assets can lead to eligibility for a part-Age Pension, providing financial benefits over time.… read more
From au.andersen.com: US tariff policy has evolved unpredictably, impacting global business planning and supply chains.
Companies should adapt by mapping tariff exposure, exploring alternative sourcing, and staying informed to navigate this uncertain environment effectively.… read more
From www.smsfadviser.com: The ATO has reminded SMSF trustees that they must make their minimum pension payments by 30 June for members receiving account-based pensions initiated after 20 September 2007.… read more
From www.accountantsdaily.com.au: The Coalition has announced new tax incentives for small and family businesses, including a tapered tax offset for new businesses and a $2,000 tax deduction for technology upgrades.… read more
From www.accountantsdaily.com.au: The ATO has identified around 800 SMSF auditors potentially conducting in-house audits, which are not permitted unless specific independence conditions are met.
Recent reviews involved 30 auditors, leading to 14 referrals to ASIC, six voluntary deregistrations, eight educational opportunities, and only two compliant auditors.… read more
From www.smsfadviser.com: Trustees are urged to evaluate their communication strategies regarding notices of intention, as highlighted by the Australian Financial Complaints Authority due to a rise in related complaints.… read more
From www.abc.net.au: Brownes Dairy, Western Australia’s oldest and largest dairy processor, is up for sale after its Chinese parent company, Australian Zhiran, defaulted on a $200 million loan.… read more
From morningstar.com.au: Morningstar.com.au provides an overview of ASX-listed LICs’ performance for March 2025, highlighting trading status relative to net tangible assets.
The report, available in Excel format, offers insights into market trends and investment decisions.… read more
From pkf.com.au: Australia’s thin capitalisation regime introduces the Third Party Debt Test and Debt Deduction Creation Rules to limit excessive debt deductions by multinational enterprises.… read more
From www.professionalplanner.com.au: Many advice businesses are struggling to scale effectively due to a lack of leadership suited for larger organisations, often resulting in declining EBITDA margins.… read more
From smsmagazine.com.au: A single limited recourse borrowing arrangement can be applied to multiple property titles if they are considered a unified physical object, as defined by ATO Self Managed Superannuation Funds Ruling 2012/1.… read more
From www.accountantsdaily.com.au: (Podcast) Discussion of tax depreciation related to investment properties.
The conversation covers the role of quantity surveyors in maximizing tax savings, the differences in depreciation for new versus old and residential versus commercial properties, and the impact of renovations on depreciation claims.… read more
From publicaccountant.com.au: Labor proposes a permanent reduction in the lowest marginal tax rate, dropping it to 15% in 2026 and 14% in 2027, along with a new $1,000 standard deduction for work expenses.… read more