From williambuck.com: The Research and Development Tax Incentive in Australia offers businesses a tax offset to encourage R&D activities, with rates varying based on aggregated turnover.… read more
From retirementessentials.com.au: Deeming is a method used by Centrelink to assess income for the Age Pension by applying standard rates to financial assets, regardless of actual income earned from those assets.… read more
From www.dbalawyers.com.au: The Australian government plans to introduce a Payday Super regime requiring employers to pay superannuation guarantee contributions simultaneously with employees’ salary payments starting from July 1, 2026.… read more
From creditorwatch.com.au: RiskScore is a unique credit risk scoring system from CreditorWatch that evaluates the creditworthiness of customers in the hiring and rental industry, utilising data from various sources to predict potential defaults.… read more
From www.fssuper.com.au: The distinction between wholesale and retail clients in financial services is outlined by legal requirements that impose stricter regulations on retail clients.
This article discusses the use of accountants’ certificates to qualify investors as wholesale clients and the challenges faced by self-managed super fund clients in this context.… read more
From corrs.com.au: The High Court of Australia ruled that a successor trustee does not owe a fiduciary obligation to a former trustee for indemnity preservation, impacting recovery actions for former trustees and trust creditors.… read more
From www.journalofaccountancy.com: (US context) Carla McCall, the chair of AICPA, emphasizes the importance of happiness in the accounting profession, stating that happy employees lead to happy clients and organizational growth.… read more
From www.rsm.global: A recent survey revealed that Australians are nearly evenly divided on the Federal Government’s adjustments to income tax rates and thresholds, with 27.4% opposed and 24.8% supportive.… read more
From www.khq.com.au: Selecting an executor or trustee for your estate is akin to voting in an election, both requiring an assessment of trust, competence, and long-term impacts.… read more
From www.accountantsdaily.com.au: Accountants support Labor’s proposed $1,000 standard deduction, arguing it could alleviate the burden of low-margin, high-risk tax return work.
Critics from professional accounting bodies express concerns that this change may hinder client engagement with accountants.… read more
From gtlaw.com.au: New DGR endorsement regulations require environmental and cultural organisations to be registered as charities with the ACNC or be Australian government agencies by January 2024.… read more
From www.icaew.com: Creating and nurturing a strong company culture is crucial for the success of growing businesses, as it impacts employee engagement, retention, and overall productivity.… read more
From financialnewswire.com.au: Daniel Mulino, an ACT Labor backbencher with a strong background in economics, is a front-runner to succeed Stephen Jones as Minister for Financial Services after the upcoming Federal Election.… read more
From australianfamilylawyers.com.au: Earning capacity plays a crucial role in divorce proceedings, influencing decisions on property settlements, child and spousal support to ensure fair post-divorce living standards.… read more
From bdo.com.au: The R&D Tax Incentive supports innovation in the Australian agricultural sector by offering tax offsets for eligible R&D activities.
Companies must register their activities with AusIndustry by 30 April 2025 to claim these benefits.… read more