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ATO Updates (November 2024)

Date: November 5, 2024
Categories: Monthly Update
ASIC News: October Newsroom UpdatesLicence Cancellations: ASIC cancelled two Australian financial services and 11 Australian credit licences due to failures in obligations, including maintaining membership with the Australian Financial Complaints Authority, lodging certificates, and pa ...
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Streamlining Accounting with API Tools in Xero and Other Cloud Accounting Software

Date: October 30, 2024
Categories: Bookkeeping
In today’s fast-paced business environment, accountants increasingly rely on cloud accounting platforms like Xero to manage their tasks with greater efficiency. However, the real transformation comes from using API tools to integrate seamlessly with these platforms, enabling automated workflows, r ...
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Fintech Innovations in Australia

Date: October 30, 2024
Categories: Financial Planning
Fintech, or Financial Technology, has undergone remarkable growth and innovation in Australia over the last ten years. This transformation has been propelled by several factors, including supportive regulations, a vibrant entrepreneurial ecosystem, and a rising demand for more efficient and accessib ...
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How AI is Simplifying the World of Self-Managed Super Funds

Date: October 28, 2024
Categories: Superannuation
The realm of Self-Managed Superannuation Funds (SMSFs) has historically been perceived as a complex and time-intensive domain for both trustees and administrators. However, akin to numerous industries, technological advancements are reshaping this landscape, with Artificial Intelligence (AI) leading ...
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ATO Updates (October 2024)

Date: October 2, 2024
Categories: Monthly Update, Others
Our ATO updates blog provides key tax updates and regulatory changes. Stay informed with the latest insights to ensure compliance and informed decision-making.Each year you need to value your SMSFs assets and provide supporting evidence to your auditor.One of the many responsibilities SMSF trustees ...
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ASIC Compliance: What You Need to Know 

Date: October 1, 2024
Categories: Bookkeeping, Others
ASIC Compliance: What You Need to KnowThe Australian Securities and Investments Commission (ASIC) is Australia’s corporate, markets, and financial services regulator, responsible for ensuring compliance across companies, financial markets, and individuals to protect investors, consumers, an ...
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Why Monetary Policy Matters for Stock Market Investors

Date: September 27, 2024
Categories: Financial Planning
Monetary policy is one of the central bank's most powerful instruments, influencing everything from employment levels to inflation rates. It also has a significant impact on the stock market, particularly in terms of stock market volatility. In this blog, we will examine how different monetary polic ...
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How to Stay Compliant and Ahead of SMSF Regulations

Date: September 27, 2024
Categories: Superannuation
SMSF Audit and Assurance PracticeAs Self-Managed Super Funds (SMSFs) continue to grow in Australia, robust audit and assurance practices have become increasingly important. SMSF trustees are tasked with ensuring compliance with strict regulations, while auditors play a crucial role in preserv ...
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ATO Updates (September 2024)

Date: September 6, 2024
Categories: Monthly Update
Our ATO updates blog provides key tax updates and regulatory changes. Stay informed with the latest insights to ensure compliance and informed decision-making.Have you appointed an Auditor?Appoint an SMSF auditor to audit your fund no later than 45 days before you need to lodge your SMSF annu ...
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New Thin Capitalisation Rules

Date: September 5, 2024
Categories: Business Service
The recent changes to Australia’s thin capitalisation rules involve new earnings-based tests for certain entities, replacing the previous asset-based rules.The aim of these changes is to align Australia's thin capitalization rules with the best practice approach of the Organisation for Economic Co ...
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