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.
Categories for Accounting News
ATO releases new draft guidance products impacting private trusts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.
Russia/Ukraine: Rising geopolitical risks and portfolio implications
Given the enormity of Russia's decision to invade Ukraine, this note provides a short update on the potential market implications.
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.
Countries with highest life expectancy (1800 – 2099)
In line with our ongoing theme of videos concerning global trends and statistics, this video looks at life expectancy over two hundred years.
Extension of the bring-forward age up to 67
For eligible individuals who make contributions above the annual non-concessional contributions cap, the bring-forward arrangement allows them to access future years caps and make extra non-concessional contributions without having to pay extra tax.
‘Shot across the bow’: ATO puts professional firm profit allocations on notice
Accountants and business leaders who hold equity positions in their firms and split profits between personal income and associated entities, have been urged to consider whether the arrangements put them in the path of the ATO.
6 tips for small business success in 2022
Since the arrival of COVID-19, small businesses have been faced with challenges but there are opportunities to pivot and survive. Here are 6 tips to help.
Extension in minimum drawdown rates
The temporary reduction in superannuation minimum drawdown rates (due to covid impact on earnings)has been extended to 30 June 2022.
