Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
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The ATO has published a decision impact statement on a decision by the Administrative Appeals Tribunal which found the ATO should have used its discretion to exclude superannuation benefits received by an SMSF member as assessable income.
In March this year, the Administrative Appeals Tribunal handed down its decision in the case Wainwright and Commissioner of Taxation (Taxation) [2019] AATA 333, which involved two farmers in Queensland, Mr and Mrs Wainwright, who were also trustees of an SMSF.
Read more at the Accountants Daily.