The director ID regime was implemented as a way to prevent the use of false or fraudulent director identities,
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A number of significant super changes has been introduced into Parliament as a part of the government’s plan to enhance super outcomes for Australians.
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Will kits can be an excellent research tool. Depending on your situation and skills, they can help you to write your Will, but they can't adequately handle complex situations such as blended families or self-managed super funds.
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A late selloff for the Australian share market led to modest overall losses for the month, with the S&P/ASX 200 retracing 0.1%. Information Technology was the standout sector, gaining 2.1% for the month, with Health Care (+1%) and Financials (+0.8%) also contributing positively
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Some of Australia’s largest banking and financial services institutions have made reparations amounting to $1.86bn at last count, much of this compensation has been paid into super funds including SMSF
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If your company wants to reduce the amount of tax payable, the easiest way is to use tax losses accumulated in previous years.
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Directors of companies will soon have to enrol in the Director Identification Number regime. This requires that current and future directors apply for Director Identification Numbers (DIN) which will be permanently linked to the individual and will not be reissued, even if they are no longer directors.
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The last two years have seen many changes for Australians, one small change, was that the ATO understandably took a back step in utilising all its debt collection powers. This was a welcome relief for a lot of individual taxpayers and business owners who may have had outstanding debts with the ATO but were seeing dwindling cashflow due to lockdowns.
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The Australian share market finished lower in September, ending an impressive 11-month run of gains, with the S&P/ASX 200 losing 1.9% for the month. The Energy sector benefitted from rising coal and oil prices, with the sector up 16.7% for the month. The Utilities sector also finished higher with a 2.5% gain. Materials (-9.3%), Health Care (-4.9%) and Information Technology (-3.9%) were the biggest drags on the Index. For the quarter the S&P/ASX 200 gained 1.7%, with Energy the standout sector (+9.2%), whilst falling iron prices weighed on Materials (-9.9%).
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