Survey reveals two-thirds of Australians face challenges paying...
Cost-of-living pressures will hit the average Australian household hard according to a new report released by funding...
READ MORETax Institute pushes for July 2023 start for new TBAR system
In November last year, the ATO released a consultation on moving to a single transfer balance cap events-based reporting framework for all SMSFs. There are currently two different time frames for reporting transfer balance cap events for SMSFs, depending on total super balances.
In a submission to the ATO’s consultation, the Tax Institute said it broadly supports a simplified transfer balance account reporting (TBAR) system for SMSFs.
Read more at SMSF Adviser
Workers say economic security at a record low
New research has revealed that just 15 per cent of Australian workers consider the economy as secure.
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Nearly half of small businesses not prepared for new technologies
More than 40 per cent of small-business owners don’t feel prepared to move to new technologies such as e-invoicing,...
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