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ATO to recommence programs to tackle shadow economy

ATO to recommence programs to tackle shadow economy

by Maja Garaca Djurdjevic | Nov 1, 2020 | News

The Australian Taxation Office has announced it will be resuming its review and audit programs addressing shadow economy behaviour. While the Tax Office will remain focused on helping the small business community, it will also refocus its efforts on maintaining the...
Sun shines on Melbourne businesses, but experts issue gloomy forecast

Sun shines on Melbourne businesses, but experts issue gloomy forecast

by Shared by The Age | Nov 1, 2020 | News

The city’s retailers enjoyed a bumper first weekend of trading after the easing of restrictions on hospitality and retail businesses following the city’s gruelling 15-week lockdown, but industry groups say the real litmus test for the strength of...
ASIC faces fresh questions on industry super campaign

ASIC faces fresh questions on industry super campaign

by Shared by SMSF Adviser | Nov 1, 2020 | News

Responding to questions on notice from Liberal backbencher and House economics committee member Jason Falinski, ASIC said it would “consider appropriate regulatory action” if alerted to misleading conduct around the group’s modelling, but that this had been drawn from...
ATO warns business against using ‘artificial mechanisms’ to cheat schemes

ATO warns business against using ‘artificial mechanisms’ to cheat schemes

by Shared by MyBusiness | Nov 1, 2020 | News

Full expensing of plant and equipment and the ability to carry back losses are two measures introduced in the budget with the aim of encouraging businesses to invest and accelerate economic growth after the COVID-19 crisis. Read more at MyBusiness. 
Government change of heart could stop adviser exodus

Government change of heart could stop adviser exodus

by Shared by SMSF Adviser | Oct 29, 2020 | News

In a communication to members on Monday, AIOFP executive director Peter Johnston said it was important for advisers suffering significant stress due to the impact of regulation on their business to recognise that the government and regulators were now displaying more...
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