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ATO Detects Over $53 Million Worth Of Tax Time Errors
The Australian public has lodged nearly six million tax returns already this year, with over $11.9 billion in refunds processed, which is $270 million more compared with the same time period last year.
... read moreEvery Three Year SMSF Audits – A Ludicrous About Face
SMSF Auditors now must: be registered with ASIC; be registered with the ATO; have enormous amounts of regular professional updates; and also be audited by their peak professional bodies, such as the Chartered Accountants ANZ and CPA Australia.
... read moreChanges To CGT Exemption For Inherited Property
When someone inherits a dwelling there are some special rules contained within the main residence exemption provisions that can provide a full exemption if certain conditions are met. If the conditions are not met, the beneficiary might face a nasty capital gains tax (CGT) bill for their good fortune.
... read moreDo You Need An Advanced Care Plan?
Did you know that Australia has a Government organisation known as the Australian Digital Health Agency? This is the organisation managing all of our My Health Records and can also be the repository of your Advance Care Planning document (ACP).
... read moreWhat Is The Best Software For Accountants?
I want to give you my honest and fair opinion of what’s out there on the market. Firstly, let’s examine the most popular ones.
... read moreCBA To Scrap Supergear Product
CBA will SCRAP their Supergear product, effective 12th October 2018. A decision to refine their product offering to become a “simpler, better bank” is their reasoning to exit the LRBA market.
... read moreWho Can See Your Will After Death?
There is a broad class of people entitled to see a will once someone has died. The first step is to determine if someone fits within that group.
... read moreOligopolies and Monoliths Thrive Again
The first rule to bring up to international level is easy. Tax the multinational bastards! The second? Bring competition policy up to the international level.
... read more