The new financial year brings many changes and thresholds that trustees and members of a Self-Managed Super Fund (SMSF) need to be aware of.
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Treasury is taking steps to ensure fairer tax treatment for foreign resident investors by tightening Australia's foreign resident Capital Gains Tax (CGT) regime. Proposed changes aim to broaden the CGT base and enhance integrity, impacting infrastructure, energy, agriculture, and more.
The Taxation Ruling TR 2023/4DC1 has been updated to include a draft appendix that expands the definition of ‘employee’ specifically for superannuation guarantee purposes.
Global Internal Audit Standards (GIAS), it aims to improve and clarify both mandatory requirements and recommended guidance for the Internal Audit function, in turn improving the quality of Internal Audit across the industry.
As the end of the financial year approaches, it’s a timely reminder of three key employment tax lodgements and the common errors we see in the market.
If you have carried out eligible Research & Development (R&D) activities in Australia during the current financial year ending 30 June 2024, now is the time to ensure you are well prepared to lodge a potential 2024 R&D claim.
The ATO has finalised PCG 2024/1, a framework to assess risk of ATO applying anti-avoidance or transfer pricing rules to intangible assets.
Learn about the regulatory exposure related to providing financial accommodations and how to comply with the AML/CTF Act. Discover real-world examples and understand the obligations, including AUSTRAC enrolment and how to mitigate financial penalties.
Commencing 1 July 2024, Victoria's stamp duty landscape will undergo a gradual but significant reform, marking the onset of substantial changes to the commercial and industrial property space.
In the 2024-25 Federal Budget, the Government announced the discontinuation of previously announced rules to deny, from 1July 2023, tax deductions for payments made by Significant Global Entity’s (SGEs) relating to intangible assets connected with low corporate tax jurisdictions.
As the CPS 234 Information Security tripartite review program nears its end in June 2024, APRA-regulated entities face a critical moment. The upcoming CPS 230 Operational Risk Management implementation is closely linked to CPS 234, requiring preparation from regulated entities and service providers.
From 1 July 2024, revised tax rates will affect NFP salary packaging. Despite reduced rates impacting tax savings, employees should still see savings, varying by income and salary packaging arrangements.