Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW
Search ResultsShowing 1 - 10 of 100+ results for "Taxation"
Advice for all could add $630bn to economy
JAMIE WILLIAMSON  |  WEDNESDAY, 25 NOV 2020
... the economy. CPA Australia and CoreData modelled the macro-economic impact of making professional advice - accounting, taxation, financial, superannuation, business, and mortgage broking advice - available to the entire population. The modelling found ...
Franking credits more important than ever
ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
... retirees are missing out on additional income because their Australian equity portfolios do not take advantage of the taxation system, according to Plato Investment Management. Plato portfolio manager Peter Gardner said, with interest rates at historic ...
Super tax structure less progressive: RIR
ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
The Retirement Income Review has labelled the superannuation taxation system as "flat" and less progressive than the individual income tax system. The review noted that most people pay less tax when they chose to save through their superannuation compared ...
Shipton's tax bill under scrutiny
ELIZABETH MCARTHUR  |  WEDNESDAY, 18 NOV 2020
... KPMG. "They were making payments to the chair flowing from an initial agreement when the chair was appointed to provide taxation advice. Our concerns around that were that the initial advice was for a much lower figure..." Hehir said. "The original decision ...
Off-platform assets consume advisers' time
KARREN VERGARA  |  MONDAY, 9 NOV 2020
... forms of managed accounts and investments, including custodial and non-custodial assets." According to the Australian Taxation Office, some $342 million of the $733 billion SMSF industry is invested in assets that are challenging to hold on platforms ...
BAS agents to expand service offering
ANNABELLE DICKSON  |  FRIDAY, 6 NOV 2020
... against the SGC. In addition BAS agents will be able to represent clients in their dealings with the Commissioner of Taxation, be the authorised contact for payment arrangements relating to the SGC account and advise about an SGC liability. This expansion ...
ATO prepares for end of ERS
ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
The Australian Taxation Office (ATO) has announced the end of year shutdown and program closure arrangements for the early release of super (ERS) scheme. Since April 3.3 million Australians have taken over $34 billion out of their retirement savings ...
Public servants caught in SG bungle
KARREN VERGARA  |  THURSDAY, 29 OCT 2020
... 2019 as a result of misinterpreting tax legislation and coding errors. The issues came to light after the Australian Taxation Office published advice relating to the application of superannuation guarantee (SG) to recreation leave loading, which then ...
Crackdown on SAN misuse continues
ELIZA BAVIN  |  WEDNESDAY, 28 OCT 2020
A fourth tax agent has been deregistered for misusing an SMSF Auditor Number (SAN) as the Australian Taxation Office (ATO) continues its crackdown on SAN misuse. Following a referral from the ATO in relation to identified SAN misuse, the Tax Practitioners ...
Ask and you shall receive
ELIZA BAVIN  |  MONDAY, 26 OCT 2020
... APRA data for the government's Early Release of Super (ERS) reveals that 98% of applications received by the Australian Taxation Office (ATO) have been paid out by funds. The prudential regulator said that as at October 18, 98% of the applications received ...
PREVIOUS
NEXT
Link to something cyq05DMK