Relevant accounting news
We’re here to help with a collection of accounting news sites, associations, and organizations that can help you keep up in the ever-changing world of accounting.
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Luxury car tax threshold
The ATO has updated the luxury car tax (‘LCT’) thresholds for the 2021/22 financial year. The LCT threshold for fuel efficient vehicles in 2021/22 is ...
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Cryptocurrency under the microscope this tax time
The ATO is concerned that many taxpayers believe their cryptocurrency gains are tax-free, or only taxable when the holdings are cashed back into Australian dollars. ...
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New Succession planning guide for family businesses
The Australian Small Business and Family Enterprise Ombudsman, in conjunction with Family Business Australia, has released a new online guide to succession planning — the ...
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Super Contributions will increase from 1 July 2021
The ATO has confirmed that, from 1 July 2021, the superannuation concessional and non-concessional contribution caps will be indexed. The new caps for the 2021/22 ...
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Super Guarantee rising from July 1 2021
The super guarantee rate will rise from 9.5% to 10% on 1 July 2021. Businesses with employees will need to ensure their payroll and accounting ...
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2022 Financial Year in full swing.
Another financial year has come and gone. It certainly has been a tumultuous twelve months with Covid, Jobkeeper, lockdowns and vaccine rollouts! With Jobkeeper and ...
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