ATO

Policy & Regulation

ATO change eases the sale of deceased estates

STEP Australia has welcomed new guidelines on capital gains tax announced by the Australian Taxation Office as a way to ‘simplify and clarify’ the process of deceased est...

Policy & Regulation

SMSF auditors suspended by ASIC

The Australian Securities and Investments Commission has acted to disqualify or add conditions to the number of self-managed superfund (SMSF) auditors after concerns they...

Policy & Regulation

Gov needs to fix system outage redress

The Scheme for Detriment caused by Defective Administration is being reviewed by the government and the IPA says it needs to be fixed to better help accountants and tax p...

Policy & Regulation

Heard about bad planners, what about tax practitioners?

The Tax Practitioners Board has revealed it is investigating the activities of 350 practitioners over suspected “high risk behaviour”....

Policy & Regulation

Give TPB more powers says CPA Australia

CPA Australia wants the Tax Practitioners Board to be given more power including the ability to impose banning orders....

Policy & Regulation

TPB warns on unregistered tax agents

The Tax Practitioner’s Board has issued a warning that people who use unregistered tax agents do not receive safe harbour protections when things go wrong....

Financial planning

Australians losing out from multiple super costs

Australians are losing $6.5 billion on unnecessary costs such as fees and subscriptions, prompting Rest to encourage them to check their bank and superannuation statement...

Features

What is wrong with alternatives?

Alternatives present a broad spectrum of assets available to investors. With such a wide variety to choose from, Laura Dew looks at how investors can determine which are ...

Superannuation

Not working? Check on your insurance inside super, ISA says

Industry Super Australia has warned that super fund members need to ensure they’re not throwing letters from their funds in the bin or marking emails as spam, as that cou...

People & Products

Western Sydney Uni students offer free advice

Western Sydney University is holding student-run free tax clinic, supported by the University’s School of Business....

Superannuation

Remediation could impact tax and super

The Australian Taxation Office has warned compensation payments from superannuation funds in the fallout of the Banking Royal Commission could have both tax and super imp...

SMSF

Clock ticking for SMSF double contributions

As the end of the month approaches, self-managed super fund members with cash to spare are being urged to make a double contribution using an unallocated contribution res...

Financial planning

Don’t file tax too early says IPA

Individuals are being advised not to be too hasty with filing their tax returns early as there are additional complexities in play this year. ...

Financial planning

Super members urged to check performance ahead of 1 July deadline

Superannuation fund members are being encouraged to use the 1 July, 2019 Protecting Your Super deadline as an opportunity to check the performance of their fund....

SMSF

SMSFs sitting happy in latest ATO data

Self-managed superannuation funds both outperformed other super fund options and saw a decrease in operational costs, according to the latest statistics from the Australi...