People who negatively gear investment property are most likely to be on higher incomes, yet the upfront tax benefits of negative gearing that they claim is relatively modest.
A healthy dose of scepticism is a necessity for an effective audit but personal and professional barriers often stand in the way. Here's what you need to know.
Changes to Australian tax law affecting how business owners can make loans from private companies could discourage investment.
Plans to introduce a three-year audit cycle for compliant self-managed superannuation funds (SMSFs) will fail to reduce compliance costs for trustees and instead could force some auditors out of the market, accounting professionals warn.
Referring clients to an appropriate financial planner can benefit all parties, but it is imperative that public practitioners apply due diligence to the process.
Securities regulator ASIC is scrutinising investment deals that circumvent the sophisticated investor test.
Recent changes to the Foreign Resident Capital Gains Withholding (FRCGW) regime mean that more Australian residents are likely to be affected by the tax for transactions as common as the sale of the family home.
Accountants need to be extremely cautious when “crossing the line” to work in the minefield of wills and estates.
What’s the best way to allay your clients’ fears during a downturn? INPRACTICE speaks to two practitioners who may have the answers.
The broad outlook for salaries in the accounting and finance profession is for only modest pay rises in 2016, but employers are prepared to pay considerably more for people with sought-after skills.