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

  1. Documentation key in ATO audits

    agency to have greater visibility of clients’ transaction history, opening up the risk to audits should red flags pop up. Last year, Change Accountants and Advisers managing director Timothy Munro predicted an increase in ATO audits over the next 12...

    • Type: Article
    • Author: Reporter
    • Category: Tax

  2. ATO set to contact SMSF clients over focus areas

    basis of poor or conflicted advice, as seen recently in the royal commission and ASIC reports 575 and 576 that were released last year. “The main point that I’d like to make here is that 95 per cent of LRBAs are for real property, and 30 per cent of...

  3. Takeover bid for MYOB hits hurdle as stakeholder speaks out

    things, the board’s recommendation to vote in favour of the scheme cannot be supported and should not be maintained.” Late last month, MYOB directors reaffirmed their recommendation to vote in favour of the KKR bid, after no superior proposals were...

  4. Loan restrictions, housing downturn pushing business confidence down

    asset worth more than $20,000. Similarly, measures to tackle the Black Economy and reduce tax avoidance announced at last year’s Federal Budget were reported by 86 per cent as having had no direct impact on their organisation. “There is a general...

    • Type: Article
    • Author: Reporter
    • Category: Business

  5. Bulk ABN cancellations set to continue

    with no other indications they may be in business. “We have also been working to address some of the concerns that surfaced last year about the way we cancel ABNs, particularly in cases where we think a business has wrongly classified their workers as...

  6. Low-value GST collection at 300% of forecasts

    is tracking at 300 per cent of forecasts, as overall GST collection continues to grow. Since new laws kicked in on 1 July last year, GST will apply to sales of low-value, imported goods valued at $1,000 or less, to consumers in Australia, in a bid to...

    • Type: Article
    • Author: Reporter
    • Category: Tax

  7. Government called to revisit ASIC industry funding model in view of 'all the facts'

    looking for a qualified financial planner.” Despite the government announcing a $550 million funding boost to ASIC and APRA last week, ASIC has since released its latest indicative levies for the 2018-19 year. Registered liquidators will face a $2,500...

  8. Government defers start date for Div 7A changes

    1 July 2020 start date comes after Treasury released a long-awaited consultation paper of proposed amendments to Division 7A last October, which raised concerns from tax experts due to its departure from some recommendations in the Board of Taxation’s...

  9. ASIC imposes licence conditions on NTAA’s AFSL

    that the SMSF Advisers Network had total of 1,087 professionals under its licence. It saw a spike in adviser numbers last year when a total of 412 advisers joined its licence, doubling the number of advisers that joined in 2017. A number of the...

  10. Bill containing super measures, SG amnesty lapse as time runs out

    Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018 still stalled in the Senate where it has remained since June last year, the bill has now officially lapsed. Prime Minister Scott Morrison is required to dissolve Parliament at least 33 days...

  11. 20 days for Aussie clients to file NZ version of STP

    obligations for New Zealand workers. “Because the [payday filing] is mandatory, there was a lead-up — just like in Australia last year with STP, before the first of July last year it wasn’t compulsory, it was optional [for employers with more than 20...

  12. IGT shoots down suggestion it makes ‘excuses for the Tax Office’

    garnishee notices. The email, which was sent by an ATO team leader in its Adelaide office to 12 frontline staff, said, “the last hour of power is upon us… That means you still have time to issue another 5 garnishees… Right?” The IGT subsequently found...

  13. Surprising jobs figures released for accounting, finance

    broadly, which includes lawyers and accountants, was up 9.5 per cent. “The sector to suffer the weakest quarter, and indeed last twelve months, was retail and wholesale. The 4.4 per cent fall in the March quarter was less than the prior two, but...

    • Type: Article
    • Author: Reporter
    • Category: Business

  14. Tax Office figures paint different negative gearing picture

    is mainly used by teachers, nurses and emergency service personnel. The ATO’s 2016–17 taxation statistics, released late last month, showed that those with the occupation category of chief executive or managing director, general manager or director were...

  15. From builder’s labourer to CA’s star performer

    decisions. In 2017, Sequel CFO started franchising to give more accountants an opportunity to become financial mentors. Last year, I brought on a CEO and business partner, Maria Robinson, to grow the business further with me moving to an MD role. The...

  16. ATO set to launch tax record application system

    90 per cent of relevant income tax, business activity statement and fringe benefits tax lodgements that were due in the last four years of operation from the date of request for an STR, and must not have $10,000 or greater in outstanding undisputed debt...

  17. Let’s get this straight: There is a gender pay gap in accounting

    But the facts show the gender gap well and truly exists. And it is significant. Our latest Remuneration Survey reveals that last year, in both Australia and New Zealand, the average female Chartered Accountant earned around a quarter less than a male CA...

    • Type: Article
    • Author: Julia Quinn, CA ANZ
    • Category: Business

  18. Franking credits changes set to raise $58.2bn

    policy will impact. Labor’s plan to remove cash refunds for excess dividend imputation credits was first announced in March last year, with exceptions for pensioners announced soon after. Shadow treasurer Chris Bowen said the policy intent is to stop...

  19. Top policies and promises of the 2019 federal election

    April and run to 30 June 2020. This has already been passed by the parliament. As part of the release of its policy costings last week, the federal opposition unveild plans to make the instant asset write-off for SMEs permanent. Further, a new measure...

  20. PwC splits UK audit business

    split to ensure that the audit arms are under separate management from the rest of the firms’ business. “Over the last year, we have been listening to the views of a wide range of stakeholders about the future of audit, exploring how it needs to change...

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