Miranda Brownlee

Small businesses with a history of not complying with their obligations may be moved to monthly GST reporting from the start of April, the ATO has warned.

The rules and the language contained in AUSTRAC’s exposure draft for the new anti-money laundering rules do not provide sufficient flexibility for smaller firms, professional bodies have cautioned.

The rules and the language contained in AUSTRAC’s exposure draft for the new anti-money laundering rules do not provide sufficient flexibility for smaller firms, professional bodies have cautioned.

The increased costs for professionals resulting from the levy will put financial advice further out of reach for Australians, the professional body has warned.

While many feared that the exodus of major banks from the SMSF loans space would spell the end of SMSF borrowing, the volume of SMSF loans remains steady, with many non-bank lenders filling the gap.