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  1. Reworked tax agent rules get cautious nod of approval

    Treasurer Stephen Jones’ release of draft amendments to the Tax Agent Services (Code of Professional Conduct) determination last week will modify the most contentious parts of the original version registered in July. The new amendments include a...

  2. Revised tax policies ‘wishful thinking’ as budget announcement looms

    to see re-announcement of measures that have already been announced such as, the release of payday super legislation, late last week. Or the provision of further financial help to the masses.” Despite a lack of communication from either party towards...

  3. Revised tax cuts pass both houses

    a tax cut but middle Australia gets a bigger tax cut,” said Dr Chalmers, following the announcement of redesigned policy last month. The Senate also passed the Treasury Laws Amendment (Cost of Living—Medicare Levy) Bill 2024 on Tuesday, which increases...

  4. Revised NALE rules ‘miss chance to clarify SMSF bugbear’

    its Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023 introduced to Parliament last week. “It is disappointing that the bill does not include any changes that would rectify the tension in the law that these...

  5. Review of small business payment time underway

    payment time for small business clients. The Business Council of Australia’s supplier payment code, introduced in May last year, was aimed at improving payment times across the economy and committing signatory companies to pay small businesses within 30...

  6. Revenues fall for over 1 in 3 sole traders, survey finds

    survey bucks a two-year trend of post-pandemic growth. More than one in three sole traders recorded a decline in revenue last quarter, with newcomers and those in creative industries struggling the most, according to a recent survey conducted by...

  7. Revenue at risk as ASIC hints at changes to grandfathering

    irrespective of consumer outcomes, adviser business outcomes and particularly given the political environment we’ve seen last night and today, my expectation is that when the royal commission makes its recommendations … that the government will be in no...

  8. Revenue ‘too reliant on income tax, with or without stage 3 cuts’

    billion in additional revenue over the next four years to be revealed in the October Budget.” “But this is likely to be the last budget to unveil an unanticipated write up in government revenue for the foreseeable future. Continuing to repair the budget...

  9. Revelations of artificial intelligence (AI) in modern SMSF accounting

    at its core and will be a game-changer for our industry. I can’t wait to share it with everyone. Book a demo of SuperMate| Last chance for special offer

    • Type: Article
    • Author: Brad Ackermann, SuperConcepts
    • Category: Super

  10. REVEALED: Who accountants are voting for in the federal election

    concerns were raised around rising compliance costs impacting affordability and access to financial advice. “In the last couple of years, the over-the-top and impractical compliance rules that have been placed on the financial planning profession are...

  11. Revealed: Inside CA ANZ massive CPD, CA Program changes

    of workers, and flexible learning options are filtering into tertiary institutions. The active employment policy was changed last term, and is effective immediately. Ditching paper exams Digitising the CA Program’s learning experience is a key focus for...

  12. Returns for super fund members exceeded $400bn in 2021

    the table with a return of 7.6 per cent p.a. over the past seven years. Following the introduction of super stapling late last year, which sees individuals stapled to their super fund when changing jobs, Mr Rappell said that Australians should take the...

  13. Return of accountants’ exemption hits a snag

    accountants’ exemption, with the government urged to conduct a wholesale review of the current financial advice framework. Last month, in its independent review of the Tax Practitioners Board, Treasury floated the return of the accountants’ exemption as...

  14. Retiree income from super almost tripled since 2002

    (SMC), recent retiree wealth levels have increased by 196 per cent, thanks to the super system within Australia. Over the last two decades, this means middle Australians have become more than $256,000 better off in retirement. Weekly income from super...

  15. Retailers brace for 8% fall in Christmas gift spending

    Two-thirds of shopping would be in store with just over one-third done online and one in five doing fewer web purchases than last year. Almost half of shoppers will buy an environmentally friendly gift. ARA predicts Australians will spend $67.1 billion...

  16. Retail, food sectors see spike in corporate insolvency

    The retail, accommodation and food services sector have seen a spike in corporate insolvency appointments over the last 12 months, in line with industry concerns. The accommodation and food services industry saw a 21 per cent spike in corporate...

  17. Retail turnover spikes as Australians spend big in November

    the third quarter of 2020. “$7 billion has flowed through the tax cuts to the pockets of Australian families over the last six months and more than $1 billion a month will be flowing over the next nine months,” Mr Frydenberg said. “Household consumption...

  18. Retail turnover figures disappoint

    of momentum consistent with recent readings on consumer sentiment - after surging into solidly optimistic territory late last year, the Westpac-MI Consumer Sentiment Index retraced all those gains in early 2014 to be back slightly below 'neutral' in...

  19. Retail spending flattens as consumers curb spending, ABS data shows

    is not likely to happen before Q3 2024.” The ABS data showed that turnover rebounded in all non-food industries following last month’s falls with clothing, footwear and accessory retailing seeing the largest rise at 2.4 per cent. This was followed by...

  20. Retail rebounds on discretionary spending, dining out

    along with Mother’s Day and the Click Frenzy Mayhem sales event. “Just as we saw during the November Black Friday sales last year, consumers appeared to take extra advantage of discounting during large sales events in May in response to cost-of-living...

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