‘Reprehensible conduct’ – tax agent banned to protect the public
A Queensland tax agent has been stripped of her registration after committing a string of serious breaches against the...
READ MOREATO upping scrutiny on risky SMSF strategy
SMSF practitioners should exercise caution with strategies involving transferring life estate interests to an SMSF with the ATO looking at them “in every possible detail”, according to one industry lawyer.
DBA Lawyers director Daniel Butler noted the steadily increasing publicity around SMSF members transferring life estate in business real property (BRP) by way of in kind or in specie contributions to SMSFs is potentially problematic for those who don’t understand the risks they are entering into.
Read the full story at SMSF Adviser.
Labour and skills crunch worsens
Australian business and industry associations said the lack of skilled workers is now having a dramatic impact on...
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Wage growth and payment times slow in Australian small businesses
Wage growth and payment times have slowed in May according to the Xero Small Business Index.
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