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Showing 1161 - 1170 of 6964 results for "Tax"

TPB, bans dishonest tax agents

CASSANDRA BALDINI  |  TUESDAY, 18 OCT 2022
The Tax Practitioners Board (TPB) terminated the registration of two tax agents after finding they prepared and lodged self-managed superannuation fund (SMSF) annual returns with incorrect details. Following an Australian Taxation Office (ATO) referral ...

Piecemeal super taxes won't fix budget deficit: FSC

ANDREW MCKEAN  |  FRIDAY, 14 OCT 2022
... approximately $1.04 billion per year but reduce retirement savings by up to 36% for affected individuals. Measure two reduced the tax concession on pre-tax contributions, reducing the $27,500 annual cap on pre-tax contributions to $15,000 and lessening ...

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
... that keeps on giving over the longer term." Last year, First Super's private equity program returned almost 30% before tax and after fees. "So that's meaningful returns for our members with $3.8 billion of funds under management," he says. Overall ...

Tech providers support QAR SOA proposals

CASSANDRA BALDINI  |  THURSDAY, 29 SEP 2022
Financial planning technology providers have agreed with the Quality of Advice Review's (QAR) proposal to remove Statements of Advice. Advice Intelligence founder and chief executive Jacqui Henderson said QAR chair Michelle Levy makes a critical ...

Franking credit crackdown rife with unintended consequences: LICAT

ANDREW MCKEAN  |  WEDNESDAY, 28 SEP 2022
... by capital raisings. In a submission to Treasury, LICAT explained that while there may be mischievous situations involving tax avoidance and dividend distributions, the proposed legislation had problems emanating from within its conceptual heart. "Proposed ...

RBA progresses digital currency project

CASSANDRA BALDINI  |  TUESDAY, 27 SEP 2022
... technology agnostic, and genuinely puts it out as a decentralised coin," he said. "An RBA-backed stablecoin could provide tax revenue to the Australian Government in a DeFi sector that is growing rapidly." But he argued only having Australian entities ...

Acquisitions underpin WT Financial Group results

CASSANDRA BALDINI  |  TUESDAY, 27 SEP 2022
... accounting for one-off debt restructuring of $472000, associated with the Synchron acquisition, statutory Net Profit Before Tax for FY2022 was $2.35M. With the benefit of carried-forward tax losses of more than $9 million no cash tax liability will arise ...

KPMG proposes tax offset, reform to boost gender equality

ANDREW MCKEAN  |  TUESDAY, 27 SEP 2022
KPMG has proposed a Carers' Income Tax Offset (CARITO) as part of a wider effort to properly value time dedicated to unpaid work. CARITO would be a non-refundable tax offset, credited against any income tax payable upon people returning to work after ...

New ethical investing app has launched

CASSANDRA BALDINI  |  MONDAY, 26 SEP 2022
... trustee. Each investment by the Kwala Fund is assessed on its financial performance, environmental and social contribution, tax rates paid on profits, corporate governance, and future prospects, through the lens of the United Nations Sustainable Development ...

Charter Hall secures ATO HQ

CHLOE WALKER  |  TUESDAY, 20 SEP 2022
Charter Hall Group has acquired a $300 million site in Canberra to construct the new headquarters for the Australian Taxation Office (ATO). Located near Parliament House, the 33,000sqm, five-storey building will be developed by the property fund giant ...