Author Archives for wybenga_admin

Superannuation Guarantee (SG) increases

Between the 1st of July 2022 to the 1st of July 2026 there will be five SG increases.

Undisclosed income risks hefty asset betterment assessments

The Federal Court are satisfied with asset betterment principles – a controversial approach the Australian Taxation Office (ATO) takes to determine undisclosed income.

How stress and burnout are different, and why the difference is important

It’s helpful to keep the distinction between burnout and stress clear so as not to burden individuals with responsibility for fixing workplace issues that require management attention, writes Dr Karen Morley.

Accountants ‘have important role to play’ in digital transformation

ATO launches campaign to target tax withholding on overseas royalties

ATO has embarked on a new campaign to target private wealth groups withholding tax on overseas royalties.

ATO releases new draft guidance products impacting private trusts

The ATO has released a suite of new guidance products that is set to have a major change on family trust distributions and tax arrangements.

Vaccination rates (Dose)

61.4% of the world population has received at least one dose of a COVID-19 vaccine. 10.2 billion doses have been administered globally, and 18.22 million are now administered each day. Only 10% of people in low-income countries have received at least one dose.

Government urged to address lingering issues with advice reforms

CPA Australia says the legislative reforms under the Better Advice Bill do not meet the intent of Recommendation 7.1 of the Tax Practitioners Board Review and should be included in the Quality of Advice Review.