From www.icaew.com: Trade between the US and China in 2024 revealed significant exports from China to the US amounting to $439 billion in goods and $23 billion in services, while the US exported $144 billion in goods and $55 billion in services.… read more
From www.icaew.com: (UK context) The UK government has proposed new measures to enhance HMRC’s ability to combat tax avoidance scheme promoters, including expanding disclosure rules and introducing stop notices.… read more
From www.icaew.com: (UK context) Bench Accounting, a Canadian cloud accounting software provider, narrowly avoided bankruptcy at the end of 2024 after its shutdown alarmed thousands of North American SMEs reliant on its services.… read more
From michaelwest.com.au: Small business owners in Australia face overwhelming stress and mental health challenges due to the pressures of operating their businesses, with many unable to take the time off needed for their well-being.… read more
From fssuper.com.au: The summary discusses the correct procedure for claiming deductible contributions and the mandatory conditions for such contributions.
It also highlights the implications of Taxation Ruling TR 2010/1, future developments in the Future Group, and current trends in the industry.… read more
From cryptonews.com.au: A study from the University of Adelaide reveals that Self-Managed Super Funds have outperformed traditional super funds in Australia by 1.2% per year over five years.… read more
From www.abc.net.au: ASIC has decided not to prosecute the directors of the collapsed airline Bonza, which entered voluntary administration in April 2024 after facing financial difficulties.… read more
From pbl.legal: Executors manage deceased estates and must balance their authority with beneficiaries’ rights, ensuring transparency and communication during estate administration.
Beneficiaries have the right to challenge executor decisions and seek legal intervention if estate property sales are mishandled.… read more
From www.pwc.com.au: The exponential growth of AI has transformed workforce management, offering tax professionals innovative tools to improve compliance efficiency, particularly in preparing FBT returns.… read more
From www.pwc.com.au: Prime Minister Anthony Albanese proposed a five-point plan to respond to recent U.S. tariffs on Australian imports, which includes $1 billion in zero interest loans via the National Reconstruction Fund Corporation to support affected sectors.… read more
From piperalderman.com.au: Australia is tightening regulations regarding psychosocial risks in the workplace due to rising WorkCover claims related to mental health conditions, which are the most costly injury claims.… read more
From asic.gov.au: ASIC has filed a lawsuit against Hollard Insurance, alleging serious claim handling failures regarding a home insurance claim from a couple in regional Victoria that took nearly three and a half years to resolve.… read more
From www.klgates.com: Health practices in Australia are increasingly focusing on payroll tax compliance due to varying state legislation and potential amnesties.
Notable developments include a 12-month pause on payroll tax audits for general practices in New South Wales and recent exemptions for payments to contracted GPs in Queensland.… read more
From www.bleepingcomputer.com: Microsoft is rolling out the AI-powered Windows Recall feature to Insiders in the Release Preview channel, allowing users to take snapshots of their active windows and search for text within those images using natural language.… read more