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From 1 October 2021, Self-Managed Superannuation Funds (SMSF) will be required to utilise an Australian Taxation Office (ATO) electronic service (SMSF verification service) in order to complete a rollover of superannuation monies between a retail or industry superannuation fund (an APRA Fund) and...
How forensic technology can benefit your next appointment.
On 1 November 2021, the ATO will be introducing new rules regarding Stapled Super Funds.
Scaling a business is a critical milestone on a start-up's business journey. Scaling your business requires a deliberate focus and planning, and a strong team of advisers to expand resources incrementally while creating rapid revenue. When deciding to scale, outsourcing of key business processes...
The updated Australian Standard (AS8001) for fraud and corruption was recently released, applying to all organisations operating in Australia. Its purpose is to guide how Boards and Executives can prepare their organisations to manage fraud risk. With unprecedented levels of cybercrime, it’s not...
Any organisation with a large overdue tax debt faces the prospect that the ATO will report this to the relevant credit reporting agencies.The passing of the Treasury Laws Amendment (2019 Tax Integrity and Other Measures No.1) Bill 2019, allows the ATO to provide information around certain tax...
Will the Reserve Bank of Australia (RBA) stick to their guns and delay official interest rate increases until 2024. If we do see sustained inflation, the RBA may have to increase interest rates sooner than anticipated, flagging a big reset for asset prices.
Whether you are seeking to move house, purchase your first home or investment property, you may be wondering if you need pre-approval and how it works. In this article, we explain what pre-approval is, what information is involved, why it is important and how long it lasts.
Time is running out before the first Payment Times Reporting Scheme (PTRS) reporting deadline of 30 September 2021. Do you know if you’re eligible to report and the non-compliance penalties for failure to comply? To assist organisations in getting prepared, BDO has prepared a PTRS reporting...