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Changes to Australian Business Number (ABN) registration compliance
As part of the government’s intention to “strengthen” the ABN system, Treasury has released
draft legislation to imposing new compliance obligations for ABN holders to retain their
ABN.
Looming changes for the “buy now, pay later” market
The Federal Government has released a consultation paper seeking views on options to
regulate the “buy now, pay later” (BNPL) market.
Five new year’s tax resolutions
Don’t clean out the garage. Forget that lapsed gym membership. Here are 5 new year’s resolutions to keep if you want to stay on top of your tax and super in 2023.
Inflation edges lower while GDP grows but slows
The latest figures from the ABS reveal economic growth last year and show inflation coming off its peak.
Did you pay your superannuation guarantee payment late?
After the Christmas and new year break, it is quite possible that some employers may have missed the
due date for the December 2022 quarter superannuation guarantee contributions (SCG) payment of
29th January 2023.
One in seven SMSF directors yet to apply for ID
Around 100,000 SMSF directors still need to apply for their director ID despite the deadline passing two months ago. Extensions are available for legitimate reasons.
Australian equities retain grip on SMSF assets
The largest portion of the SMSF investment pool is held in domestic shares, according to a recent survey.
ATO figures reveal final 2022 DPN tally
After a slow start in May, figures show how the office went up through the gears with director penalty notices.