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AAT reduces penalties for reckless claims based on incorrect tax agent advice

AAT reduces penalties for reckless claims based on incorrect tax agent advice

by Shared by Accountants Daily | Aug 19, 2021 | News

The Administrative Appeals Tribunal has agreed to remit taxpayer Ahamed Munkayilar’s $6,065 administrative penalty by 85 per cent after finding that he made a genuine attempt to meet his tax obligations despite recklessly including false and misleading statements in...
Super tax rebate scheme could help close gender gap, according to KPMG

Super tax rebate scheme could help close gender gap, according to KPMG

by Juliet Helmke | Aug 18, 2021 | News

According to KPMG, women in the pre-retirement age bracket of 60-64 years have saved roughly $57,000 less in superannuation than men of the same age, with women’s super funds totalling $146,900 on average, compared to $204,107 saved by men. That’s a 28 per cent gap....
ASX companies working to ‘enhance ESG performance’

ASX companies working to ‘enhance ESG performance’

by Shared by Investor Daily | Aug 17, 2021 | News

Research house Regnan’s 2021 Engagement Impact Report, noted 44 companies including Australian super fund HESTA, BHP Group and Rio Tinto are addressing issues such as climate change, sustainable agriculture, modern slavery and the role of board overseeing the...
Sharemarkets reaching record highs despite lockdown restriction

Sharemarkets reaching record highs despite lockdown restriction

by Shared by Nestegg | Aug 17, 2021 | News

Australia looks increasingly likely to have a double-dip recession, with economists widely agreeing the September quarter will be negative, after the country had 29 years of uninterrupted economic growth. Read more at Nestegg.
FWO greenlights select workplace COVID-19 vaccine mandates

FWO greenlights select workplace COVID-19 vaccine mandates

by Shared by Accountants Daily | Aug 17, 2021 | News

The Fair Work Ombudsman (FWO) released updated workplace COVID-19 vaccination guidance last week, which maps out a four-tier system highlighting the select circumstances under which some Australian employers would be able to introduce a COVID-19 vaccine mandate.  Read...
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