TAXATION

Financial planning

The Australian Taxation Office has warned individuals who rush to file their tax return next week are twice as likely to make a mistake by filing before all information i...

Financial planning

The FAAA is calling on the ATO to refine its position on the tax deductibility of financial advice fees related to advice to clients with pre-existing investments....

People & Products

With advisers opting to leave large licensees and set up their own business, the ATO has launched a new online learning platform to help small business owners meet their ...

Financial planning

The Australian Taxation Office has provided updated rules on the tax deductibility of financial advice fees....

Superannuation

The Federal Government has released exposure draft legislation towards doubling the concessional tax rate for super balances exceeding $3 million. ...

Financial planning

The FAAA has warned advisers to be alert if their clients are in an underperforming super fund as this month’s APRA performance test is increased to certain trustee-direc...

Policy & Regulation

The Treasury has announced the “biggest crackdown on tax adviser misconduct in Australian history” which could see maximum fines for advisers who promote tax exploitation...

Financial planning

The financial advice platform has announced a national partnership with tax preparer H&R Block to provide guidance on retirement, investment and wealth to over 700,000 po...

Policy & Regulation

A Senate committee is set to scrutinise the Albanese government's proposed franking credit tax changes....

Policy & Regulation

The Albanese government has sought to allay fears its proposed changes to concessional super tax changes would have unintended consequences....

Policy & Regulation

The Albanese government’s proposed changes to super tax breaks risks unintentionally burdening half a million Australians, according to a new analysis from a peak industr...

Policy & Regulation

The Government has moved to raise the concessional tax rate for superannuation balances exceeding $3 million from 15% to 30%, which has received mixed feedback from indus...

Financial planning

The Institute of Public Accountants has advocated an advisory role for accountants flowing from the Government’s promised review of the retirement income system....

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Financial planning

The Government has sought answers from the Australian Taxation Office regarding its conduct after accusations were levelled at its treatment of small businesses on ABC’s ...

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Policy & Regulation

Draft legislation released last week by the Federal Government has addressed hybrid mismatch arrangements within the tax system....

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