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The Australian Accounting Standards Board has developed a new simplified-disclosure standard to replace reduced-disclosure requirements.
The ACNC has reviewed registered charities to ensure that their records are accurate and only eligible charities are listed.
The latest Australian Charities Report details Australian charities’ contribution to the economy and communities.
The Australian Charities and Not-for-profits Commission governance standards is a set of core principles dealing with how a charity should be run. Charities must meet the standards to be registered and remain registered with the ACNC.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for June 2022.
According to an ASX Australian Investor Study completed in 2020, women make up 42% of Australian investors.
While we understand banks charge interest on their home loans, exactly what determines the rate?
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for May 2022.
For most Australians the largest financial commitment ever undertaken is their home mortgage.
Several key super changes which may impact your ability to contribute to your SMSF, are set to take effect from 1 July 2022.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for April 2022.
A common strategy to reduce potential tax in the event your super is paid as a death benefit is a withdrawal and recontribution strategy.
Superannuation statements. Boring, right? But if, like many people, you toss your annual super statement in a drawer or hit delete, you could be depriving yourself of many thousands of dollars just when you need it.
Thresholds for determining a charity’s size are changing, and thousands of charities will see their reporting obligations reduced.
Thousands of Australia’s registered charities will enjoy greater flexibility when staging meetings – as well as signing and executing documents – through recent amendments to federal legislation.
The word ‘inflation’ doesn’t only dominate business news headlines, but finds its way into general news reports too. So, what is inflation and how does it affect you?
Life gets so busy and the months soon roll into years when suddenly you find that your finances are off track and you’re nowhere near achieving your goals.
We take a glimpse at what the market has been up to and what the key developments were for March 2022.
Over the past 30 years, Australians' household debt has increased. According to the Reserve Bank of Australia, our household debt-to-income ratio has risen from 70 per cent in the early 1990s to around 190 per cent today.
If the ins and outs of superannuation leave you confused, the answers to these frequently asked questions will help you understand the
basics.
Anyone with a local connection to Australia including businesses, associations and individuals is now able to register a new category of domain name.
Last night, Treasurer Josh Frydenberg delivered the final Federal Budget before the next election. So what does the 2022-23 Budget announcement mean for you, your family and your community?
New research released by the University of Adelaide provides tangible evidence of the benefits of investment diversification.
With property prices high and interest rates low, many potential homebuyers are struggling to save a large enough house deposit. With the use of a case study, this article discusses the pros and cons of investing your savings if you are a few years out from buying a home.
We take a glimpse at what the market has been up to and what the key developments were for February 2022.
Despite frequent changes to its governing rules, superannuation remains, for most people, a tax-effective environment in which to save for retirement.
When you dispose of an asset and make a capital gain, you may be liable for extra tax. There is no separate tax rate for capital gains. Instead, some or all of the capital gain is added to your assessable income and taxed along with your other income at your marginal tax rate.
During a share market correction or downturn, the media will report that a certain market has ‘lost’ billions of dollars. But what happens to all that money and where does it go? Is it really lost?
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for January 2022.
Enhancing Not-for-Profit and Charity Reporting by Chartered Accountants Australia and New Zealand guides not-for-profits and charities in how to prepare top-quality annual, financial, and performance reports.
The ACNC urges charity leaders and their accountants to ensure that they comply with amended reporting regulations.
If it’s time to think about downsizing, there’s more to it than simply selling one house and buying another. Here are a few things to consider.
If you've been working from home, you've likely set up a dedicated work area, and you're using your own electricity and resources to power your workday. But which of these items can you claim in your next tax return to ensure you maximise your return?
Work From Home (WFH) arrangements seem to have got our creative juices flowing with more online, home-based businesses springing up every day, providing a limitless variety of goods and services.
We all, to a greater or lesser extent, have an idea of our dream lifestyle. So how, as a nation, are we faring?
To help their investors reap the rewards of compounding, many companies offer dividend reinvestment plans (DRPs).
Control and flexibility are two reasons why more young people are considering setting up a SMSF, but many are unaware of how they work and what’s involved.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for December 2021.
Some tips and insights to help your readers get ready for the gift-giving and celebrations of Christmas.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for November 2021.
Is it the right time to leap into the property investment market? With low interest rates and rising house prices, many investors are jumping on the property band wagon.
For many women approaching retirement, the gender pay gap has resulted in an uncertain retirement future.
Naturally, people aspire to get the most out of their investments, especially if a great opportunity is presented by a ‘trusted’ organisation. However, investment scams occur more often than you may think, highlighting the risk both self-directed investors and SMSF trustees may potentially face when seeking new investment opportunities.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for October 2021.
This article compares the average incomes of Australian retirees and analyses how renting may impact their retirement lifestyle.
It was hard to miss the media splash about international tax evasion when the Pandora Papers were released, with local interest focussing on what Australian tax authorities would do with this massive trove of information.
Taxpayers can vary their pay as you go ('PAYG') instalments throughout the year if they think they will pay too much, compared with their estimated tax for the year.
As part of its Digital Business Plan, the Government announced the full implementation of the 'Modernising Business Registers' program. This included recently enacted legislation introducing the new director identification number ('director ID') regime.
Now that new legislation allows a maximum of six members in an SMSF, some fund trustees may be wondering if this could be an easy way to ensure a smooth transfer of their super to the next generation.
Superannuation has provided most fund members with stellar returns since last year’s COVID lows. As always though, some funds performed better than others and recent government reforms make it easier to find out how your fund compares.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for September 2021.
As part of the expansion of Single Touch Payroll (known as STP Phase 2), from 1 January 2022, employers will need to report additional payroll information in their STP reports.
Selling your business property is a big decision and it’s easy to focus on the sale price, but this can be a costly error.
The JobMaker Hiring Credit scheme's third claim period is now open, so if a taxpayer has taken on additional eligible employees since 7 October 2020, they may be able to claim JobMaker Hiring Credit payments for their business.
The ATO is reminding property investors to beware of common tax traps that can delay refunds or lead to an audit costing taxpayers time and money.
The Government is providing additional support to small and medium sized businesses ('SMEs') by expanding eligibility for the SME Recovery Loan Scheme.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for August 2021.
Australian shares are popular investments with self-funded retirees and anyone who depends on income from their investments, due in part to the favourable tax treatment of franked dividends.
Buying insurance through super has many advantages, but you need to make sure you are getting the right cover for your individual needs. In some cases, you may be paying for nothing.
When it comes time to investigate residential aged care for yourself, your partner, parent or relative, the search for a facility and how to pay for it can seem daunting.