by Canning Tax & Advisory | 29 Sep 2023 | Business Operations, Business Planning, Tax Compliance
The proposed objective of superannuation released in recently released draft legislation is: ‘to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.’ The significance of legislating the...
by Canning Tax & Advisory | 29 Sep 2023 | Tax Compliance
What will the Australian community look like in 40 years? We look at the key takeaways from the Intergenerational Report. The 2023 Intergenerational Report (IGR) is a crystal ball insight into what we can expect Australian society to look like in 40 years and the...
by Canning Tax & Advisory | 29 Sep 2023 | Business Planning, Succession, Tax Compliance
What a difference timing makes. A recent case before the Administrative Appeals Tribunal (AAT) is a reminder about the tax impact of the timing of employment income. In this case, the taxpayer was a non-resident working in Kuwait. As part of his work, he was...
by Canning Tax & Advisory | 29 Sep 2023 | Tax Compliance
$1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100 arrests to date. How did the TikTok tax scandal get out of control? “Everyone else got refunds, it’s OK, it’s...
by Canning Tax & Advisory | 29 Sep 2023 | Business Operations, Tax Compliance
Employing remote workers presents additional challenges related to financial controls. Managers and employees may not believe they are at risk but studies by the Association of Certified Fraud Examiners show companies with fewer than 100...
