Ideas Group Blog
3 FOLLOWERS
Ideas Group is a one-stop Ideas Group offers expert guidance and solutions for all your financial needs, from tax and accounting services to financial planning and financing options. They provide a synergised approach to managing your finances, ensuring maximum value and peace of mind.
Ideas Group Blog
1w ago
The ATO has released guidance to assist taxpayers in supporting reduced input tax credit (RITC) claims, particularly concerning complex IT outsourcing agreements used in making input taxed supplies ..read more
Ideas Group Blog
1M ago
In a significant move aimed at advancing gender equality and bolstering retirement savings, the federal government has announced plans to provide 12% superannuation on government-funded paid parental leave (PPL) starting from July 2025 ..read more
Ideas Group Blog
1M ago
The Australian Taxation Office (ATO) has recently intensified its efforts to combat tax evasion through the use of electronic sales suppression tools (ESSTs). These tools, often integrated into point-of-sale systems, manipulate transaction records to evade taxes. Since October 2018, manufacturing, supplying, possessing, using, or promoting ESSTs has been deemed illegal in Australia ..read more
Ideas Group Blog
1M ago
As the FBT season dawns upon us once again, Wolters Kluwer recently hosted the Fringe Benefits Tax 2024 — Annual FBT Compliance Update with the ATO webinar. Jennifer Madigan, Director, FBT Risk & Governance at the ATO, along with a panel of experts, provided crucial updates on various FBT matters. Here's a summary of the key topics discussed ..read more
Ideas Group Blog
1M ago
Transferring business properties between family members in Australia comes with its own set of regulations and steps. Here's a concise guide to help you through the process ..read more
Ideas Group Blog
2M ago
In a pivotal address at the University of Technology Sydney, ASIC's chair, Mr. Joe Longo, tackled the pressing issue of regulating Artificial Intelligence (AI) within the corporate landscape. With the rapid expansion of AI technology, ASIC's proactive stance underscores the need for responsible governance to navigate this evolving terrain effectively ..read more
Ideas Group Blog
2M ago
Strengthening Regulations: Australian Government Introduces Bills to Tighten Foreign Investment Controls
In a move aimed at reinforcing oversight on foreign investment in residential properties, the Australian government has introduced new bills to amend regulations and fees. Here's a concise overview of the proposed changes and their potential impact on the real estate market ..read more
Ideas Group Blog
2M ago
Fuel tax credit rates, a crucial aspect of business finances, undergo regular changes, making it imperative for businesses to stay informed and apply the correct rates ..read more
Ideas Group Blog
2M ago
In a strategic move to reshape individual income tax structures, the government has laid out a proposal that promises significant alterations to the legislated "Stage 3" tax cuts. Brace yourselves for the lowdown on these anticipated modifications and their potential impact on your financial landscape ..read more
Ideas Group Blog
3M ago
In the ever-evolving realm of taxation, the NSW State Budget 2023/24 has introduced significant changes to the family home exemption from land tax. This alteration, outlined in the Land Tax Management Act 1956 (NSW) (LTMA), warrants a closer examination of the existing regulations and the impending modifications ..read more