Vaccination rates (Dose)

61.4% of the world population has received at least one dose of a COVID-19 vaccine. 10.2 billion doses have been administered globally, and 18.22 million are now administered each day. Only 10% of people in low-income countries have received at least one dose.

Russia/Ukraine: Rising geopolitical risks and portfolio implications

 

Given the enormity of Russia's decision to invade Ukraine, this note provides a short update on the potential market implications.

 

Government urged to address lingering issues with advice reforms

CPA Australia says the legislative reforms under the Better Advice Bill do not meet the intent of Recommendation 7.1 of the Tax Practitioners Board Review and should be included in the Quality of Advice Review.

Countries with highest life expectancy (1800 – 2099)

 

In line with our ongoing theme of videos concerning global trends and statistics, this video looks at life expectancy over two hundred years.

 

Extension of the bring-forward age up to 67

For eligible individuals who make contributions above the annual non-concessional contributions cap, the bring-forward arrangement allows them to access future years caps and make extra non-concessional contributions without having to pay extra tax.

‘Shot across the bow’: ATO puts professional firm profit allocations on notice

Accountants and business leaders who hold equity positions in their firms and split profits between personal income and associated entities, have been urged to consider whether the arrangements put them in the path of the ATO.

6 tips for small business success in 2022

 

Since the arrival of COVID-19, small businesses have been faced with challenges but there are opportunities to pivot and survive.  Here are 6 tips to help.

 

Extension in minimum drawdown rates

The temporary reduction in superannuation minimum drawdown rates (due to covid impact on earnings)has been extended to 30 June 2022.

ATO releases new guidelines to combat identity theft.

ATO and the Tax Practitioners Board have developed new client verification guidelines for tax practitioners, with criminals using increasingly sophisticated attempts to steal taxpayer identities.

 

State and Federal COVID-19 support — February – 2022

The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.

ATO reiterates tax system incentives

 

ATO second commissioner Jeremy Hirschhorn has outlined the Tax Office’s commitment to ensuring a business-led recovery continues in the Australian market in the 2022 calendar year.

 

Single Touch Payroll (STP) – Phase 2

 

Single Touch Payroll will be expanded from 1st January 2022, with additional requirements.