From financialnewswire.com.au: Australian fund managers are anticipated to face a gradual medium-term earnings decline due to uncertainties from the US Trump tariff regime, with volatility likely suppressing investment flows.… read more
From financialnewswire.com.au: Fitch Ratings has downgraded its global growth forecast, predicting world growth will dip below 2% this year, marking the weakest pace since 2009, largely due to escalating trade tensions between the US and China.… read more
From thenewdaily.com.au: The bring-forward rule allows individuals to maximise their non-concessional super contributions by making up to $360,000 in one year, with tax implications to consider for inheritance planning.… read more
From www.austaxpolicy.com: The High Court of Australia reserved its decision on an appeal regarding the PepsiCo case, which examines the applicability of the Income Tax General Anti-Avoidance Rule (Part IVA) in relation to payments made by Schweppes Australia for PepsiCo’s beverages.… read more
From www.accountingtoday.com: (Podcast) A discussion of the evolution of marketing in the accounting profession, highlighting a significant shift from restrictions on marketing to its current integration as a key business function.… read more
From www.sciencedirect.com: In India, the Central Bank’s requirement for banks to disclose a cost-based benchmark interest rate instead of a prime rate resulted in lower lending costs for firms.… read more
From www.sciencedirect.com: Institutional investors in loan syndicates charge lower loan spreads to bellwether firms, compensating for access to private information that helps identify trading opportunities in other firms’ public market securities.… read more
From www.bantacs.com.au: Death triggers various tax implications that can significantly impact an estate, even in the absence of a formal death tax.
Key issues include a 17% tax on superannuation paid to non-spouse beneficiaries and the loss of main residence exemption for properties owned while living overseas.… read more
From www.accountantsdaily.com.au: The Tax Practitioners Board has reported receiving 53 breach reports since the new reporting obligations began on July 1, 2024, with 38 of these made against other registered tax practitioners.… read more
From www.smsfadviser.com: The Superannuation (Industry) Supervision Act defines a dependant as a person who is the spouse, child, or has an interdependency relationship with another person, including financial dependency.… read more
From gtlaw.com.au: Global trends indicate a significant increase in AI investment and enterprise deployment, with a notable emphasis on generative AI and specialized industry applications.… read more
From michaelwest.com.au: Labor has committed to enshrining penalty rates in law to protect workers during the upcoming election campaign.
This move comes amidst concerns over cost-of-living and polling indicating that a majority of voters view the protection of penalty rates as important.… read more
From www.thesenior.com.au: Experts advise that to minimise taxes on superannuation when planning a deceased estate, individuals should consider nominating the executor of their will as the beneficiary, which can bypass the Medicare levy.… read more
From www.bleepingcomputer.com: OpenAI has introduced three new reasoning models for ChatGPT subscribers: o3, o4-mini, and o4-mini-high, each with specific usage limits.
Under the Plus plan, users receive up to 50 messages per week for the o3 model, 150 messages daily for o4-mini, and 50 messages daily for o4-mini-high, while the Pro plan offers near unlimited access with some restrictions.… read more
From www.abc.net.au: Peter Dutton proposes indexing personal income tax to combat “bracket creep,” which increases tax burdens on individuals as their incomes rise with inflation.… read more