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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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Cryptocurrencies – A Brief description of its decentralized nature and security

Date: June 18, 2021
Categories: Others
Cryptocurrencies are also called decentralized currencies because central financial authorities like banks are not involved in the transactions carried out by users. In order to prevent people from misusing these currencies, a few security systems are in place and these systems are what we will talk ...
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Is Cryptocurrency for you?

Date: June 4, 2021
Categories: Others
Cryptocurrencies are digital currencies that we can use to buy goods and services that accept that currency as a form of payment. For example, if someone says they accept digital currency as payment then you use this currency to buy whatever you want.Since the real-world currencies themselves are of ...
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Financial Advice – Access to Affordable Advice

Date: March 9, 2021
Categories: Others
The market for advice is shifting in many ways post 2020. Recently released research shows about four out of ten Australians will seek financial advice over the next 12 months. Government is implementing further Financial sector reforms to strengthen the financial advice and provide consumers with b ...
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ATO Updates (February 2021)

Date: February 9, 2021
Categories: Others
Extension to COVID-19 SupplementsThe benefit of COVID-19 Supplements will be extended up to 31st March 2021.This will be paid at $150/fortnight (previously $250/fortnight) to recipients of Job Seeker payment, Parenting payment, Youth Allowance, Au study payment, Special Benefit, Widow Allowan ...
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Corporate Insolvency Reforms

Date: February 9, 2021
Categories: Others
The much-awaited reforms in the Insolvency framework is now in place in what is perceived as a significant step in keeping Australian businesses and jobs in place, as the COVID relief measures ease out.The purpose of the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 is to implement ...
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Newsletter – Jan 2021

Date: January 12, 2021
Categories: Others
The start of the year is always a good time to pause, reflect and sharpen the focus on our goals.Beyond this moment of New Year wishes, we are firm in our resolve to stay connected, stay abreast of changes and stay ahead in technology.2021 will be a year of significant change and innovation in Accou ...
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Monthly Update- July 2020

Date: July 14, 2020
Categories: Monthly Update, Others
This month we bring to you Top tax time myths 2020, announcement from ATO on extension of Minimum Repayment period. We also look deeper on New reporting requirements by AASB for SMSFs. Finally, we look at Reduced SMSF related-party LRBA Rate for FY2020-21. ATO top tax time myths for 2020 ...
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COVID-19 RELIEF MEASURES BY FEDERAL AND STATE GOVERNMENTS OF AUSTRALIA

Date: April 1, 2020
Categories: Others
 The Federal Government and State Governments of Australia have announced various COVD-19 Relief measures. Here is a summary of those measures. STIMULUS PACKAGE FOR INDIVIDUALS &HOUSEHOLDS Support for Individuals and HouseholdsTemporary expansion for 6 months, the el ...
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