Keeping you up to date on various matters that could impact you.
Latest News
State and Federal Disaster support --- March 2022
The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet further national hardships....
Superannuation Guarantee (SG) increases
Between the 1st of July 2022 to the 1st of July 2026 there will be four SG increases. ...
Undisclosed income risks hefty asset betterment assessments
The Federal Court are satisfied with asset betterment principles – a controversial approach the Australian Taxation Office (ATO) takes to determine undisclosed income....
How stress and burnout are different, and why the difference is important
It’s helpful to keep the distinction between burnout and stress clear so as not to burden individuals with responsibility for fixing workplace issues that require management attention, writes Dr Karen Morley....
Accountants ‘have important role to play’ in digital transformation
The accounting profession is being encouraged to aid small businesses through their digital transformation journey, with the Morrison government making a $2.8 million commitment to streamline electronic transactions....
ATO launches campaign to target tax withholding on overseas royalties
ATO has embarked on a new campaign to target private wealth groups withholding tax on overseas royalties....
ATO releases new draft guidance products impacting private trusts
The ATO has released a suite of new guidance products that is set to have a major change on family trust distributions and tax arrangements....
ATO releases new guidelines to combat identity theft.
ATO and the Tax Practitioners Board have developed new client verification guidelines for tax practitioners, with criminals using increasingly sophisticated attempts to steal taxpayer identities. ...
Extension in minimum drawdown rates
The temporary reduction in superannuation minimum drawdown rates (due to covid impact on earnings)has been extended to 30 June 2022....