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Assuming last is required, the following 3595 results were found.

  1. Government appoints new ASIC chair

    funds to pay for personal tax services was appropriate. Mr Shipton, who was appointed as chair in 2017, announced in October last year that he would step aside from the role pending a formal review after Auditor-General Grant Hehir revealed that ASIC...

  2. Tribunal overturns tax agent’s 5-year ban, laments ‘regrettable’ TPB investigation

    their tax agent registrations after the TPB had terminated their registrations and imposed a five-year banning period in May last year. The TPB had contended that Mr Birdseye, a tax agent of 39 years, had failed to comply with personal tax obligations,...

  3. Pandemic toil sees accountants earn small business $45.3bn

    sector through grants, investment guidance, or other financial advice provided by accountants and bookkeepers over the last year. Small businesses are estimated to have earned a further $8.9 billion in savings over the same period as a result of...

  4. Standardised deductions won’t hurt demand for tax agents: CA ANZ, CPA Australia

    great uncertainty. “The role the profession plays extends far beyond tax returns, and the proof of this can be seen in the last 12 months alone where many members were the first port of call,” she said. “With the current economic situation and high...

  5. Victorian ombudsman finds 12,000 businesses ‘unfairly denied’ COVID-19 grants

    owners who were denied the $10,000 grant. The Business Support Fund had been set up during the height of the pandemic last year after metropolitan Melbourne was forced to enter into lockdown. Victorian ombudsman Deborah Glass said her investigation...

  6. WA woman faces jail term over early access to super fraud

    imprisonment. The latest charges come after AFP investigators executed a search warrant at the woman’s High Wycombe home last May, where they seized several documents, $1,750 cash, ink-based business identification and certification stamps, and...

  7. ATO finalises guidance on new discretion to retain refunds

    obligations have not been fulfilled. The passage of Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 early last year now allows the Tax Commissioner to retain a refund where a taxpayer has an outstanding notification that is required...

  8. Mid-tier accounting network acquires Newcastle firm

    grow its complementary wealth, finance, general insurance and investment office business gradually over time. KPG over the last 14 years has undertaken 42 transactions to build out its current network, which includes 26 external firms and 16 greenfield...

  9. Time to simplify accounting for goodwill and intangibles

    has been turning — back to the future — to the vastly simpler option of amortising goodwill over a set period, last seen circa 2005. Although the International Accounting Standards Board, whose standards are adopted in Australia, has recently indicated...

    • Type: Article
    • Author: Amir Ghandar and Matthew Pinnuck
    • Category: Business

  10. KPMG confirms 4% pandemic bonus

    repaid one-third of the May and June cuts. KPMG then moved to repay half of the July and August 2020 cuts at the end of last year, before returning a further portion in February. The firm saw a 7 per cent increase in revenue to $1.9 billion last year,...

  11. Value behind traditional lodgements is diminishing, says the ATO

    from somewhere else. So, do we need it?” Mr Hirschhorn’s comments come after Commissioner of Taxation Chris Jordan flagged last year that the ATO could soon be automating business activity statements (BAS) by tapping into a business’s natural systems,...

  12. Early access to super used to pay mortgages, credit cards, bills

    over two transactions, across two financial years, once before 30 Jun, 2020 and once after. The program closed at the end of last year. According to the report, the average private household income — including salaries, investments and superannuation —...

  13. Deloitte Australia reveals new chief executive

    as our outgoing CEO, for his significant contribution to Deloitte and particularly for his leadership as our CEO for the last two and a half years, and for navigating the firm through a very difficult 12-month period,” he said. Mr Deutsch didn’t detail...

  14. ATO kicks off work on new centralised business mailbox

    Business Registers (MBR) program, which was announced as part of an $800 million digital business package by the government last September. In announcing the MBR program, the ATO’s aim was to reduce the regulatory burden shouldered by businesses by...

  15. AAT affirms disqualification of SMSF trustees

    has been a breach of the SIS Act.” The tribunal decision comes after it was reported Mr Merchant had filed a major lawsuit last year against big four firm EY over advice that was given which resulted in an audit by the ATO in 2017 and led to Mr...

  16. SMSF auditors urged to proactively identify SAN misuse

    numbers had been identified as an ongoing area of concern with the ATO and the TPB, with 74 tax practitioners singled out last year over such misuse. Last month, a Perth-based tax agent saw his registration terminated after he was found to have lodged...

  17. FBT, CGT exemption draft legislation surfaces

    Draft legislation for two federal budget announcements last October has now been released, including measures to exempt employers from the 47 per cent fringe benefits tax and to provide capital gains tax exemption for granny flat arrangements. FBT for...

  18. Cerebiz Cloud Based Tools for MYOB and Xero go beyond accounting

    cloud based, browser and mobile analysis and reporting for GT’s clients. Here, Christian talks about the GT journey over the last several years in looking for a solution to replace their spreadsheets. 'One of the issues that we identified a long time...

    • Type: Article
    • Author: Cerebiz
    • Category: Business

  19. ‘We were not consulted’: ATO lashed over new partner profit guidelines

    taxed on an “artificially low” share of the business’s profits, has found little support since it was publicly released last month, with the joint professional bodies questioning the legal basis of the draft guidelines. The Institute of Public...

  20. ACCC gives green light to MYOB’s acquisition of GreatSoft

    watchdog’s investigation was spurred by earlier concerns raised in its review of the proposed acquisition in October last year. The ACCC noted the deal would leave just Xero and Reckon to compete for sales of practice management software to medium and...

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