Hot Issues
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How is your super going, ready for retirement?
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ATO increasing data exchange with international regulators
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Illegal SMSF early access scheme leads to $6,000 fine
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Our 'hardest' SMSF tasks
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Uber drivers hit for 10% tax
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Lack of literacy promotes unrealistic goals
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Taxpayer failed to prove that payments were “loans”
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New STP dates confirmed as ATO goes on compliance blitz
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ATO flags compliance project for FY17/18
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Items that heat up your depreciation deductions
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Doing a budget is a good idea but ....
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Government ‘undermines’ tax system in new moves on property expenses
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Taxpayer denied deduction for work expenses of $60,000
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Overtime meal expenses disallowed because no allowance received
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Key Economic Indicators, 2017
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Government to shut down salary sacrifice loophole
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Crowdfunding legislation gets greenlight
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ATO heavyweight responds to hacking fears
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Checklist - Individuals Tax Returns - 2017
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Checklist - Tax time 2017 - Company, Trust & Partnership
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Checklist - Superannuation Funds - 2017
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ATO to ramp up scrutiny of $20K tax break use
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‘Bank-like heists’ make way for new wave of cyber crime
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ATO reports on key contraventions for 2016-17
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ATO, mid-tiers warn on common expenses myths
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SMSF trustees told to take action on contributions
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Higher instant asset write-off threshold for small business extended
Article archive
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Quarter 2 April - June 2017
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Quarter 4 October - December 2015
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Quarter 1 January - March 2015
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Quarter 4 October - December 2014
Crowdfunding legislation gets greenlight

Crowdfunding: Alternative funding option for small business.

 

 

The newly passed equity crowdfunding legislation will give small scaled businesses a new and unprecedented access to a new source of finance.

A small scaled business now has the legal capacity to raise funds from a large number of investors, without breaching the securities legislation and requiring far more extensive disclosure.

This opportunity only applies to unlisted Australian Public Companies, with gross assets of less than $25 million and annual revenues less than $25 million.

This first step is seen as a forerunner to legislation that will also allow similar funding for private companies.  In other words, this is very early days.

 

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