by Affinity | Jan 22, 2014 | Business eNews, Latest News
Introduction It has become common business practice to rely on guarantees as a mechanism for securing contracts. To name a few examples, guarantees are now used where banks and finance companies lend money, where landlords lease property, where goods are leased, and...
by Affinity | Jan 22, 2014 | Business eNews, Latest News
Following an amendment to the superannuation regulations, SMSF Trustees must from the 2012/13 year onwards, give consideration to whether the SMSF should hold insurance cover for the members. The new regulation means that Trustees, who are also normally the...
by Affinity | Jan 22, 2014 | Business eNews, Latest News
This year the ATO is paying particular attention to a range of industries and occupations including: Building and Construction Project Managers and Supervisors; Building and Construction Labourers; and Sales and Marketing Managers. The ATO says that it is also...
by Affinity | Jan 22, 2014 | Business eNews, Latest News
ATO Compliance At a compliance level, the ATO says that it is focusing on: Engaging with new Trustees to ensure they can operate their SMSF and are not seeking illegal early access to their retirement benefits; Ensuring that Trustees understand their...
by Affinity | Jan 22, 2014 | Business eNews, Latest News
The new government has identified 92 announced but still unlegislated and unresolved tax and superannuation changes. Of these, the Government stated it will proceed with 18 initiatives, a further three initiatives will be significantly amended, and it will not...
by Affinity | Jan 22, 2014 | Business eNews, Latest News
Even though certain aspects of the PPSR seem very unfair to the legitimate owner of goods, the two-year transition period ends on the 31st January 2014. Unfortunately, media reports would indicate that many SME operators have not familiarised themselves with the...
