INCOME TAX

Financial planning

Only 6% of Australians are looking to top up their superannuation with their income tax cut money, indicating those that needed to access their super early used it as a w...

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Financial planning

Registered tax agent, Nigel Bradshaw, has been sentenced to a one-year jail term after he was caught stealing refunds from clients....

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Financial planning

A rise in India’s income tax surcharge is likely to spur demand for offshore investments, making tax advice more important for high net worth investors....

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Policy & Regulation

The ATO is reviewing private company partnerships that enable individuals to access business profits without paying ‘top-up’ income tax at their marginal rates of tax....

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Financial planning

The Federal Treasurer, Scott Morrison, has placed personal tax rates and super tax concessions squarely on the table for discussion in remodelling tax structures....

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Features

With the look through tax treatment for LRBAs now in effect, superannuation funds will now be treated as the asset owner for income tax and capital gains purposes, Michae...

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Financial planning

The Macquarie Group has announced a $678 million half year profit with its banking and financial services and managed funds business contributing heavily to the group’s p...

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Policy & Regulation

The ATO said Bitcoin transactions should be considered as barter transactions with similar tax outcomes....

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Policy & Regulation

Income tax should be levied on a flat basis across all income recipients including the unemployed, benefits recipients and low income earners according to KPMG partner Be...

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Policy & Regulation

The ATO has warned property developers not to use trusts to give back proceeds from property as capital gains rather than income....

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Superannuation

In the rush to put money in superannuation, other investment vehicles with concessionary tax benefits have been overlooked. Income bonds have become one of the forgotten ...

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Policy & Regulation

Some of the Federal Government’s proposed new levies could foster tax avoidance by increasing perceived inequality, an accountant believes. ...

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Superannuation

ATO appears to be targeting inappropriate loans to SMSFs after focusing on those with uncommercial loan terms....

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Financial planning

Govts of both persuasions told to stop legislating by press release in circumstances where considerable costs and inconvenience are being imposed on employers, advisers a...

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Financial planning

Rubik to add revenue and commission management software to the suite of Rubik products....

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Never miss the latest news and developments in wealth management industry

JOHN GILLIES

Might be a bit different to i the past where at most there was one man from the industry on the loaded enquiry boards a...

1 day 4 hours ago
Simon

Who get's the $10M? Where does the money go?? Might it end up in the CSLR to financially assist duped investors??? ...

5 days 23 hours ago
Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week 6 days ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 1 week ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago