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Large capital gains tax changes still loom for Australians living abroad, Treasurer Josh Frydenberg confirms

Large capital gains tax changes still loom for Australians living abroad, Treasurer Josh Frydenberg confirms

by Shared by the ABC | Jul 4, 2019 | News

The Coalition Government’s May 2017 budget announcement to deny the main residence exemption for Australians who sell their homes while living abroad caused a stir after it was announced. Read more at the ABC. 
Jobs, retail turnover stats paint gloomy picture

Jobs, retail turnover stats paint gloomy picture

by Shared by MyBusiness | Jul 4, 2019 | News

Following two successive monthly cuts to interest rates by the Reserve Bank — citing a need to support employment — the ABS’ jobs vacancies data for May 2019 showed a marked slowdown experienced in recent months continuing. Read more at...
Small business ombudsman questions new banking code’s enforcement

Small business ombudsman questions new banking code’s enforcement

by Maja Garaca Djurdjevic | Jul 4, 2019 | News

While the new Banking Code of Practice is an improvement on previous versions, it remains to be seen if it will be effective in addressing the imbalance of power held by the banks, the Australian Small Business and Family Enterprise Ombudsman Kate Carnell has said. ...
ATO stands by taxi definition for FBT

ATO stands by taxi definition for FBT

by Shared by Accountants Daily | Jul 4, 2019 | News

In late 2017, the ATO released a discussion paper for public consultation on the interpretation of “taxi” for FBT and the taxi travel exemption. Read more at the Accountants Daily. 
Unregistered tax agents can cost you thousands, warns TPB

Unregistered tax agents can cost you thousands, warns TPB

by Maja Garaca Djurdjevic | Jul 3, 2019 | News

The Tax Practitioners Board (TPB) is currently investigating 37 cases involving unregistered tax agents and is warning the public to beware of agents posing as legitimate registered tax practitioners as tax time begins. The warning follows cases of agents posing as...
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