by Canning Tax & Advisory | 14 Nov 2022 | Business Operations
As Accountants, we like to see our Clients operating at high levels of efficiency and generating healthy profits. Many businesses invest a significant amount in human resources including compensation, recruiting, training and benefits so it’s important to use these...
by Canning Tax & Advisory | 14 Nov 2022 | Business Operations, Business Planning, Succession, Tax Compliance
The value of cryptocurrency assets inside Australian self managed superannuation funds (SMSFs) increased by 589.9% ($1.17bn) between June 2019 and June 2022, according to the latest ATO statistics. While cryptocurrency is a relatively small asset class at only 0.16%...
by Canning Tax & Advisory | 14 Nov 2022 | Business Operations, Business Planning, Tax Compliance
In September, amid a climate of startling interest rates, UK Chancellor Kwasi Kwarteng announced a series of tax cuts, including the reduction of the top personal income tax rate that applies to those earning more than £150,000 from 45% to 40%. Just ten days later,...
by Canning Tax & Advisory | 14 Nov 2022 | Business Operations, Business Planning
Low interest rates have been a mainstay since the global financial crisis of 2008. When the pandemic hit, Governments pushed stimulus measures through the economy and central banks reduced interest rates even further. Coming out of COVID, housing market demand was...
by Canning Tax & Advisory | 14 Nov 2022 | Business Operations, Business Planning
In the wake of the Optus data leak, legislation before Parliament will lift the maximum fine for serious or repeated breaches of the Privacy Act from $2.2m to up to $50m. But there are no guarantees that even the strongest safety measures will prevent an attack. So,...
