The With Interest podcast brings you unrivalled commentary and thought leadership for businesses, accounting and finance professionals. Each week, we share expert industry opinions, insights and resources across accounting, public practice, taxation, auditing, finance, strategy, leadership, economic and business-related issues. Subscribe today to stay up-to-date with the latest episodes. With Interest is presented by CPA Australia, one of the world’s largest accounting bodies, with core services that include education, training, technical support and advocacy. In 2018, CPA Australia won an Award of Excellence at the 24th Annual Communicator Awards in the category of 'Podcasts - General-Corporation/Business'. ---------------------------------------------------- CPA Australia publishes three podcasts: - With Interest - INTHEBLACK - Excel Tips To find out more about our podcasts, visit https://www.cpaaustralia.com.au/tools-and-resources/podcasts - or search for the shows in your podcast service. To contact the podcast team email us at podcasts@cpaaustralia.com.au.
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Warning: the ATO rule that could plunder your super
Superannuation for many Australians is at risk of a 45 per cent penalty tax due to ATO rules around applying your own professional or trade skills to your personal life.
And who is at most risk of this super rule? Accountants, solicitors, real estate agents and tradies.
The current rules prohibit transactions with related parties at “mate’s rates” or no rate at all. Even mistakenly using a work laptop to complete a personal task could trigger a breach.
To examine this rule and offer CPA Australia’s view is Richard Webb, Policy Adviser for Superannuation and Financial Planning at CPA Australia.
Listen now.
Host: Jennifer Duke, External Affairs Lead at CPA Australia
Guest: Richard Webb, Policy Adviser for Superannuation and Financial Planning at CPA Australia CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance, and accounting:
- With Interest
- INTHEBLACK
- Excel Tips
Search for them in your podcast app.
Email the podcast team at podcasts@cpaaustralia.com.au
And you can read CPA Australia’s joint submission to Treasury on the non-arm’s length expense rules for superannuation funds.
For further reading, there is a media release by CPA Australia on this topic.