Overseas gifts and loans in the spotlight
The ATO has recently issued an alert on gifts or loans from overseas. The ATO is particularly concerned about schemes and arrangements designed specifically to circumvent Australian tax laws. In…
SMSF COVID-19 Audit Relief Extended
The ATO has extended COVID-19 relief for SMSF trustees. The relief measures, which protect trustees from COVID-19 related contraventions of the super laws, now extend from the 2019-20, 2020-21 and…
Tax and the Normalisation of Cryptocurrency
The Australian Taxation Office recently updated its guidance on tax and cryptocurrency. In early November, the Commonwealth Bank announced that it is now Australia’s first bank to offer customers the…
How to set up your Director ID
Directors are now required to register for a unique identification number that they will keep for life. What is a director ID? A director ID is a 15 digit identification…
Director ID Regime
Australia’s Director Identification Number (DIN) regime came into effect on 1 November 2021 and will require you to register for an identification number. A director ID is a 15 digit…
Remote Work – The Impact and what Leaders can do
There’s a lot of talk about the impact of ‘remote work’. Recent studies (cited by McKinsey) claim that workers are leaving jobs at much higher rates than normal. Some say…