Crowd-sourced equity funding for proprietary companies Bill introduced
Crowd-sourced equity funding is an innovative type of fundraising that allows a large number of individuals to make small financial investments in exchange for an equity stake in the company. Legislation to create a crowd-sourced equity funding regime for public companies will commence on 29 September 2017. Extending the crowd-sourced equity funding framework to proprietary companies will allow these companies to access an alternative form of finance with […]
The ATO has issued a statement on mental health issues for business owners
One in five people in the workplace experience some sort of mental health condition. Stress, depression or anxiety can take a toll on your ability to run your business as well as your overall quality of life. To mark World Mental Health Day on 10th October and National Mental Health week, the Australian Taxation Office […]
The 2017 SMSF return: are you up for the challenge?
This article is reprinted from Acuity Magazine. Under the new super rules, this year’s SMSF returns are going to be very complex and it’s important that practitioners are up to speed. In Brief There’s no such thing as simple super anymore. The changes are the most significant in a decade and all details must be […]
Occupation-specific guides
There have been a lot of discussions regarding work related deductions in the present. The ATO has published a guide as follows. When completing your tax return, you’re entitled to claim deductions for some expenses, most of which are directly related to earning your income. To claim a work-related deduction: you must have spent the […]
Catching the wave of SMSF opportunities
This is a reprinted report of an article posted by Class, Australia’s leading cloud-based SMSF administration software. Kevin Bungard, CEO of Class, shares insights into how the advance in technology is driving a revolution in the competitive SMSF landscape. In brief Accountants involved in SMSFs know change is occurring Online access is expected for SMSFs […]