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Family trust distributions explained
Summary Discretionary trusts are a feature of many business structures in Australia and rightly...
Director identification numbers are coming
As part of the 2020 Budget Digital Business Plan, the government announced the introduction of a requirement for all directors to register for a unique director identification number (DIN) that is intended to mitigate illegal ‘phoenixing’ activity and provide more transparency.
Beware the tax scam
As we move into a new financial year and businesses and individuals are dealing with the ATO and its systems as part of their 2021 tax return lodgements it’s important to make sure you’re dealing with the ATO and not a scammer.
Super: don’t forget about the rate increase
The super guarantee rate has increased to 10% from 1 July 2021 and it is up to employers to ensure this has been applied correctly.
