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Showing 81 - 90 of 1011 results for "Taxation"

Trump 2.0 set to boost small and mid-caps: Canopy Investors

MATTHEW WAI  |  THURSDAY, 21 NOV 2024
... influencing asset prices and highly leveraged companies. "It's possible the US government will moderate its policies around taxation, tariffs, and immigration, if inflation picks up again," he added. "Markets have already priced in some of these ...

ATO recovers $900m in unpaid super

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
The Australian Taxation Office (ATO) recovered over $900 million in unpaid super owed to 800,000 employees in the past year. Latest compliance data from the ATO shows $932 million in previously unpaid superannuation reached the retirement accounts of ...

Fair Work ruling, ASIC put offshoring arrangements on notice

KARREN VERGARA  |  THURSDAY, 14 NOV 2024
... and employer labour laws and so forth," she told Financial Standard. Cornelissen has seen instances of the Australian Taxation Office (ATO) pursuing businesses involved in offshoring on tax and superannuation issues. "This is the first one I've heard ...

HESTA red flags MinRes for governance failures

ANDREW MCKEAN  |  FRIDAY, 8 NOV 2024
... found to have engaged in widespread misconduct, including underreporting income from offshore entities to the Australian Taxation Office. Ellison will face board-imposed financial penalties totalling $8.8 million, along with the loss of up to nearly ...

SMSF Association announces board director changes

MATTHEW WAI  |  WEDNESDAY, 30 OCT 2024
... knowledge and contributing to the association's continued success." Carrying a diverse history in financial planning and taxation, Sue said she feels privileged for the opportunity and is "particularly eager to highlight the importance of engaging with ...

ASIC crackdown: Action taken against 13 SMSF auditors

ELIZA BAVIN  |  WEDNESDAY, 2 OCT 2024
... on four SMSF auditors and cancelled the registration of one. All SMSF auditors were referred to ASIC by the Australian Taxation Office (ATO). Between 1 July 2023 and 30 June 2024, ASIC made 46 decisions in relation to the registration of approved SMSF ...

GESB adopts Protecting Your Super reforms

JAMIE WILLIAMSON  |  MONDAY, 30 SEP 2024
... contribution for 16 months or more, unless notified otherwise, and transfer inactive low balance accounts to the Australian Taxation Office. As a result of the changes to insurance eligibility, GESB said it is reviewing its insurance offering and amending ...

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 ...

Early release of super scammer sent to prison

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... the Australian Federal Police (AFP) launched an investigation in 2020 into her activities on the back of the Australian Taxation Office's Serious Financial Crime Taskforce (SFCT), which identified multiple Western Australians allegedly orchestrating ...

Lost super bill sits at $18bn: ATO

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
Despite the Australian Taxation Office's best efforts, there is still close to $18 billion in superannuation yet to be reunited with those who earned it. That's according to the latest figures, which show there's currently $17.8 billion in lost and ...