Assistant Treasurer Bill Shorten’s announcement on 4 March 4 2011 that the Federal Government will adopt two Board of Taxation recommendations to clarify the definition of ‘distributable income’ of trusts and allow streaming of capital gains and franked distributions was enthusiastically welcomed.

Other risks in this category include natural and political disasters and major macroeconomic shifts.

There are two ways in which technology affects VAT

Reform of the Controlled Foreign Companies Rules is eagerly awaited.

In the post war era of 1946 to 1961 Australia underwent a population boom that is widely known as the "baby boomer" era.

Businesses today readily accept the idea they must continue to evolve and shape their models to stay current.

The chase for income has only intensified in the last couple of years.

"It's a common scenario," says Ali Spinner, a tax partner specializing in estate planning at Crowe Soberman LLP in Toronto. "In many cases, one spouse is more financially savvy than the other. When that spouse passes, the surviving spouse is forced to become the driver of financial decisions, and become very knowledgeable, very quickly."

Proposed changes to lease accounting would mean that leased assets would always appear on the balance sheet.

The global urban population has surpassed the global rural population in recent years.

Taxpayers have relied on restricted management accounts (RMAs) as part of their estate plans for years.

Areas outside of cash and equities are also worth looking into. In some instances, investors look to annuity products.

The easiest way to take cash out of your pocket and put it in the buyers is to mismanage your working capital.

The 401(k) plan remains one of the best savings options available, especially for long-term retirement goals, but many employees still do not participate.

Employers must exercise care when drafting employment contracts with bonus provisions, and when deciding to pay bonuses.

On May 17, 2018 the Office of the Comptroller of the Currency made public a Notice of Charges filed against Rabobank's former Chief Compliance Officer, Laura Akahoshi.

Investment markets performed exceptionally well through 2013 with many share markets pushing through record highs.

Electronically stored information (ESI) continues to take center stage in all types of litigation, from bankruptcy to tort.

The Law Society has indicated that they plan to conduct more frequent monitoring visits of solicitor practices with the aim that each firm will be reviewed at least every 3-4 years.

Occupational fraud drains billions of dollars from American businesses every year. As authors Michael Vian and Daniel Levin note, however, there are steps business owners can take to reduce the risk.