Assuming last is required, the following 4014 results were found.

  1. Proposal to hold directors liable for GST set to pierce corporate veil

    says an insolvency specialist. With the reintroduction of Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 last month, the commissioner could soon be allowed to collect estimates of anticipated GST liabilities and make company directors...

  2. ATO eyes undisclosed foreign income as fresh offshore data rolls in

    have financial dealings in countries like China, the United Kingdom, Switzerland, Singapore and the United States. Last year, 106 Australians who were suspected of utilising tax evasion schemes through holding unnamed numbered Swiss bank accounts were...

  3. Proposed tax debt disclosure set to put an end to ‘unofficial ATO bank’

    interest charges. Entities that do not effectively engage the ATO in respect of the tax debt will be up for disclosure. The last criterion will require that the entity does not have an active complaint with the Inspector-General of Taxation concerning...

  4. How to avoid getting scammed this tax time

    dollars? Well, if that number makes you weak at the knees, just know that this is how much scammers got out of Australians last year. The Australian Competition and Consumer Commission’s (ACCC) 10th annual Targeting scams report highlights that scams...

    • Type: Article
    • Author: Lindsay Brown, LogMeIn
    • Category: Tax
  5. Industry fund ramps up pay day super lobby

    when employees salary sacrifice only solves “17 per cent” of the issue of unpaid super, says Industry Super Australia. Last month, Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019 was introduced, with one of the measures...

  6. Robo-call scams pick up speed this tax time

    projects scam losses to exceed $532 million by the end of the year, surpassing half a billion dollars for the first time. Last year, over $489 million was lost to scammers, with ATO impersonation scams contributing to over $2.8 million in losses. ATO...

  7. Punitive or insufficient? Accounting bodies undecided on $10k cash limit

    professional association calling it an extreme response to a symptom of the black economy. Announced in the federal budget last year, the government is currently consulting on plans to make it a criminal offence for businesses to make or accept a cash...

  8. The keynote speech that had a room on its feet, and in tears

    the third annual Women in Finance Awards and to celebrate Australia’s remarkable women in financial services. I remember the last time I presented here in Pyrmont. It was late 2017 at the newly opened International Convention Centre. Imagine this. I’m...

    • Type: Article
    • Author: Reporter
    • Category: Business
  9. Education crucial as 2 out of 3 payroll managers admit knowledge gap

    complex as a result of changes to awards and legislation. Despite this, 42 per cent of payroll managers confessed that the last time they had any kind of payroll training was more than two years ago. “It is concerning to learn that payroll professionals...

    • Type: Article
    • Author: Reporter
    • Category: Business
  10. ATO reports hundreds of thousands using online chat, social media for tax help

    chats so far this financial year. Use of social media channels has also surged for 2019’s tax time versus the same period last year. The ATO reports 19,000 posts have been directed at the ATO, with about 6,000 of those requiring a response. By...

  11. Change for the sake of change isn’t a smart move

    a solution that is proven to work. A solution that will protect your clients against additional if they are audited. The last thing that your client wants in a stressful situation is instability, doubt, and confusion – all for the sake of “trying...

    • Type: Article
    • Author: Accountancy Insurance
    • Category: Business
  12. Tax Commissioner wants to turn black economy to ‘lighter shade of grey’

    attention. “People do sort of pay attention to it, it does have an impact,” he said. “I was only talking to someone last night who was saying that the local baker that they go to has gone from a cash-only sign to EFTPOS now.”

  13. Larger firms targeted as Xero announces new partnership

    software provider hoping it will fill a market gap for larger firms. GreatSoft, which entered the Australian market last year, is used by over 1,000 firms across 19 countries, with many of these being big four and top-tier firms. Xero managing director...

  14. Bookkeepers reminded on TPAR obligations

    economy in the building and construction industry in 2015–16, justifying its extension to the courier and cleaning space last year and the further extension to the three new industries this year. The ATO will use data provided in the TPAR to identify...

  15. Digitisation has turned the finance function on its head

    study by Sage revealed that 93 per cent of financial decision-makers feel their role has significantly changed over the last five years. Over two-thirds of this group attribute this to the digitisation of the industry. This new landscape of fast-paced,...

    • Type: Article
    • Author: Kerry Agiasotis, Sage
    • Category: Business
  16. 7 company failures and $1.3m in tax debts see director banned for maximum period

    a director of seven companies that failed while owing the ATO at least $1.3 million. All seven companies failed within the last seven years. The seven companies were The Farm Wholefoods Potts Point Pty Ltd; Sumbar Pty Ltd; XXX Consulting Pty Ltd; TFW...

  17. ‘Antiquated FBT rules’ set for legislative tweak

    the current Fringe Benefits Tax Assessment Act that prevents ride-sourcing vehicles from qualifying for FBT exemptions. Last week, Treasury released the exposure draft Treasury Laws Amendment (Measures for a later sitting) Bill 2019: Miscellaneous...

  18. Technological change: disrupter or enabler?

    the Cloud Where once there was a reluctance among small practices to consider moving to the cloud, that’s all changed in the last five years, reflects Antonius, former CEO of Moore Stephens. “It seems now everyone is open to adopting cloud technology.”...

    • Type: Article
    • Author: Thomson Reuters
    • Category: Business
  19. ‘Accountants need to be ambidextrous and versatile in the services they provide’

    distress, says one academic. Speaking on the sidelines of the IPA Deakin Small Business: Big Vision conference in Melbourne last week, Deakin professor Andrew Noblet said that clients need accountants to be much more ambidextrous and versatile in the...

    • Type: Article
    • Author: Maja Garaca Djurdjevic
    • Category: Business
  20. Corporate tax residency rules undergo review scrutiny

    Australia’s corporate tax residency rules, noting the difficulties associated with the central management and control test. Last month, Treasurer Josh Frydenberg wrote to the Board of Taxation requesting a review of the operation of Australia’s...