At the beginning of 2021, changes were made by the Government to the insolvency framework to better support Australian businesses, their creditors, and their employees. Amendments were made to relevant legislation to integrate this new insolvency process into existing practices following this change ...
RegTech (Regulatory Technologies) uses developing technology to help firms handle regulatory compliance more effectively. RegTech, while still in its infancy, is evolving quickly. RegTech firms are increasingly leveraging machine learning, natural language processing, blockchain technology, and arti ...
ATO’s view of Bitcoin  The ATO view is that Bitcoin is neither money nor a foreign currency.  Transactions through Bitcoins are more likely a barter arrangement with the same tax consequences.  However, Bitcoin is an asset for CGT purposes.   Bitcoin for Personal Transactions < ...
2021-22 Mid-Year Economic & Fiscal Outlook (MYEFO)Cash deficit of $99.20 Billion is expected, which is equivalent to 4.50% of GDP. This is in fact an improvement of $7.40 Billion from the previous budget.Tax receipts as a share of GDP are expected to fall from 22.90% in 2020-21 to 22.10% ...
Carisma Solutions Pvt. Ltd. is a leading knowledge processing company with having specialization in finance and accounting. It is a leader in this field and is a well-established business in Australia and now extending to New Zealand and the rest of the world. The company focuses on enabling the suc ...
Awards (modern awards) are legal documents that outline the minimum pay rates and conditions of employment such as leave entitlements, overtime, and shift work, amongst other workplace-related conditions.With the National Employment Standards, these awards provide a minimum safety net of terms and c ...
This year’s result represents a continuing reward for those members who’ve remained patient and trusted their funds to weather the crisis.Australian shares lost 0.5 percent during November, while international shares dropped 1.5 percent; however, the depreciation of the Australian dollar saw the ...
Novated Lease
Under a novated lease arrangement, the employer takes over all or part of the lessee's rights and obligations under the lease. This transfer of rights and obligations is agreed to in a deed of novation between the employer, the finance company, and the lessee. The lessee is usually the employee or a ...
Upcoming changes to the On-demand reportsNew field to be added to the On-demand Outstanding Activity Statement (Current + Previous 3 Years) report.New field to be added to the On-demand Income Tax Lodgment (Current + Previous 3 years) report to display whether each period/year is eligible for ...
Financial System is the framework through which the country runs its economic transactions. It serves as the bedrock through which money supply is percolated through the nation's economic institutions. It is well accepted economic theory that a country's economy flourishes through its capacity to tr ...
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