by Maja Garaca Djurdjevic | Apr 15, 2019 | News
An ASIC investigation found that Citigroup’s financial advisers were offering a product under general advice, but that their conduct may have led some customers to believe that Citigroup was providing personal advice. The losses arise out of structured product...
by Shared by Accountants Daily | Apr 15, 2019 | News
In a tense exchange with Senator Rex Patrick during a Senate estimates hearing, acting Inspector-General of Taxation Andrew McLoughlin pushed back at suggestions that it was not critical enough of the ATO’s “hour of power” email in its review into the ATO’s use of...
by Maja Garaca Djurdjevic | Apr 15, 2019 | News
Late last week, Bill Shorten labelled the deductibility of the cost of managing tax affairs as a “rort”, reiterating Labor’s plan to limit the deductions for the cost of managing tax affairs to $3,000. “Did you know you can also claim as a tax deduction the...
by Shared by The Age | Apr 14, 2019 | News
Tax experts warn policies including negative gearing and the future of so-called ‘Division 7A’ business loans are complex and could spell uncertainty for smaller operators wanting to grow. Read more at The Age.
by Shared by MyBusiness | Apr 14, 2019 | News
Employers are currently being granted an amnesty period for superannuation guarantee obligations – meaning they can confess to and rectify instances where they haven’t paid their staff superannuation, and they will mostly escape penalty. Read more at...
