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Accountants should be able to provide SMSF advice, says IPA CEO

Accountants should be able to provide SMSF advice, says IPA CEO

by Maja Garaca Djurdjevic | May 27, 2019 | News

The incoming Morrison government must focus on increasing access to financial advice for all Australians, said the CEO of the Institute of Public Accountants (IPA), Andrew Conway. Although many Australians do turn to their accountants for assistance with SMSF-related...
Franking credit debate far from over, says KPMG

Franking credit debate far from over, says KPMG

by Shared by SMSF Adviser | May 26, 2019 | News

The backlash to Labor’s proposal to end cash refund for excess dividend imputation credits in the run up to the federal election has been well documented, but much of the discussion missed out on the tax policy it was trying to address, said KPMG partner Damian Ryan....
Overpaying employees more common than people realise

Overpaying employees more common than people realise

by Shared by MyBusiness | May 26, 2019 | News

Often, when the Fair Work Ombudsman is investigating a company, it has to do with incorrect payments and wrongful interpretation of awards. Read more at MyBusiness. 
Use of independent advisers to soar in next three years

Use of independent advisers to soar in next three years

by Maja Garaca Djurdjevic | May 24, 2019 | News

The rise in the use of independent advisers and independent advisory firms in Australia is forecast to rise by 73 per cent and 93 per cent, respectively, according to the EY 2019 Global Wealth Research report. This is in line with global trends, however the percentage...
Tax Office publishes LCR on new business test

Tax Office publishes LCR on new business test

by Shared by Accountants Daily | May 24, 2019 | News

Earlier this year, the ‘similar business test’ was introduced with the passing of Treasury Laws Amendment (2017 Enterprise Incentives No. 1) Bill for the purposes of working out whether a company’s tax losses and net capital losses from previous income years can be...
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