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Showing 561 - 570 of 6880 results for "Tax"

Limiting negative gearing could add $2bn in annual revenue

ELIZA BAVIN  |  MONDAY, 30 SEP 2024
... Making changes to negative gearing could be worth at least $2 billion a year in revenue, while reducing the capital gains tax discount could be worth around $5 billion a year, according to new research from the Grattan Institute. This comes as Treasurer ...

Regulators to clamp down harder on greenwashing

ANDREW MCKEAN  |  FRIDAY, 27 SEP 2024
Regulators are zeroing in on anti-greenwashing measures in the asset management sector, as well as tighter regulations on artificial intelligence (AI) and digital technology, according to a KPMG report. The report said that stopping companies from making ...

Pitcher Partners executives launch advice firm

KARREN VERGARA  |  FRIDAY, 27 SEP 2024
... disruptions for the clients of Pitcher Partners". Some 40% of Viola Private Wealth clients continue to receive accounting, tax planning, or other services from Pitcher Partners. "Charlie is an amazing operator and he has wanted to shape his own destiny ...

ATO revises advice fee tax deductibility rules

JAMIE WILLIAMSON  |  THURSDAY, 26 SEP 2024
The Australian Taxation Office (ATO) has confirmed financial advice fees for tax-related guidance are deductible where the advice is provided by a Qualified Tax Relevant Provider (QTRP). Releasing a final guidance yesterday, the ATO said: "Fees for ...

Soul Patts sees profits slide 28%

ELIZA BAVIN  |  THURSDAY, 26 SEP 2024
Washington H. Soul Pattinson reported a drop in statutory net profit after tax from $609.7 million in FY23 to $498.8 million in FY24. The fall was attributed to lower profits from some of the group's major holdings in New Hope and Brickworks in its ...

Early release of super scammer sent to prison

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... deputy commissioner John Ford said: "This outcome sends a clear message to the community that we do bring those who exploit the tax and super system to account, particularly those who encourage and then benefit from others committing offences. We have ...

Super to be paid on parental leave from July 2025

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
... them and will then be paid to their nominated superannuation fund the following year and taxed at the current superannuation tax rate of 15%. From next year, the payment is estimated to be $2900 for 24 weeks of paid leave, jumping to $3140 in 2026 as ...

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
... an individual were to commute their legacy product without meeting one of the exceptional circumstances, it would result in tax and regulatory consequences." The proposed regulations would relax these commutation restrictions so that legacy products ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... and do not pay in full within 28 days. This will total up to 50% of the outstanding SG charge amount The SG charge will be tax-deductible, but any penalties applied on top will not be. "The approach to correcting late contributions will be simplified ...

Growth of SMSFs, Div 296 opportunity for advisers

MATTHEW WAI  |  WEDNESDAY, 18 SEP 2024
... growing opportunity for financial advisers and demonstrates the potentially detrimental effect of the proposed Division 296 tax. The 2024 Annual Benchmark Report dives into potential tax liability for Class members if the legislation passes, which could ...