ATO’s good-faith approach to crypto won’t last much longer
The ATO has maintained its good-faith approach to the accounting of cryptocurrencies, though it isn’t expected to last much longer, says a national tax and accounting network.
Categories for Financial Planning News
The real value of advice
The right words of advice - whether it be from friends or family, business mentor, sports coach - can have lasting impact on the way we lead our lives, manage our businesses. The same holds true for financial advice.
Taking a deeper dive into indexation of the transfer balance cap
With the recent indexation of the general transfer balance cap causing discussion around its complexities, technical experts take a deeper look into what will happen on 1 July.
ASIC sounds warning around high-yield bond scams
The corporate regulator has warned of a rise in scammers targeting Australian investors by pretending to be associated with well-known domestic and international financial service firms.
How to pass the diversification test
Diversification, spreading your money across a range of different assets rather than putting it all into one place, is one of the core principles of investment risk management. That's because investment returns from different assets are never consistent.
Rollout of Director ID Numbers (DIN) is ahead of schedule
Director identification numbers may be introduced sooner than expected for SMSFs with corporate trustees, with the government moving quickly with the rollout of systems and processes, according to a technical expert.
The perks of staying invested
In times of severe market disruption 'doing nothing' often feels unacceptable. Surely such market movements means you have to respond.
Retirees proceeding with downsizing plans as confidence rises
Downsizer contributions were the top query received by the BT technical services team in the December quarter, with many retirees looking to downsize for lifestyle and health reasons.
Early access boosted interest in advice
Public interest in financial advice rose significantly in 2020, with consumers focusing their online searches on super topics as the government launched its COVID-19 early access scheme, according to new data from fund manager Allan Gray.
Returning expats reminded on tax snares with pensions, investments
With thousands of Australian expats still hoping to return home following COVID-19, a mid-tier firm has highlighted some important tax implications and considerations, including the foreign pension transfers.
