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

  1. Clients warned on discretionary trust amendments ahead of retrospective duty, land tax

    have been urged to make amendments despite the passing of the transitional amendment date of 31 December 2019. In October last year, legislation was introduced by the NSW government to treat discretionary trusts as foreign trusts, liable for both...

  2. ATO issues call-out for tax dobbers

    economy activities as its tip-off hotline continues to ring hot. Since launching its new Tax Integrity Centre (TIC) in July last year, the ATO has now received 27,000 tip-offs, with a record-breaking 15,000 tip-offs received in the first quarter of...

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

  3. $1,080 tax offset saved rather than spent, new survey shows

    so, according to a survey of 1,006 taxpayers by money.com.au. The tax offset, which had sparked a surge in early lodgements last year, was also more likely to be used to pay for bills, with 28 per cent of respondents indicating so. Australians were also...

  4. CountPlus eyes more advice firms as profit grows

    growth in profit after tax to $2.7 million for the six months to 31 December 2019, up from $2.6 million in the same period last year. Revenue also grew by 8 per cent to $38.8 million, from $35.9 million in the previous corresponding period. The EBITA...

    • Type: Article
    • Author: Aidan Curtis & Sarah Simpkins
    • Category: Business

  5. Simplification of CGT system could hurt SMSF trustees

    2020 on the Gold Coast, Insyt chief executive Darren Wynen said the Board of Taxation report released by the government late last year could have significant implications for those looking to contribute the proceeds of the sale of their business to...

    • Type: Article
    • Author: Sarah Kendell
    • Category: Super

  6. Fears mount over Division 7A silence

    to,” Mr Athanasiou told Accountants Daily. “My fear is that the worst-case scenario is that we get legislation at the last minute that is just rammed through Parliament. “Even if Treasury has done some type of targeted consultation, there’s just not...

  7. Money laundering pre-insolvency adviser gets 5 years in jail

    period of 22 months for one charge of dealing in the proceeds of crime. Mr O’Neill pleaded guilty to the charge in October last year. Fellow pre-insolvency adviser John Narramore was sentenced to four and a half years in prison with a non-parole period...

  8. Queensland SMEs get 6-month tax break

    conditions associated with the coronavirus. It comes after the Queensland government announced a $27 million aid package last month for the state’s tourism, agriculture, fishing and education sectors, in the wake of the federal government imposing...

  9. WA defers payroll tax, offers $17.5k grant

    threshold to $1 million from 1 July 2020, six months earlier than planned. The original payroll tax package announced in WA last year saw the payroll threshold rise to $950,000 from 1 January 2020 and was due to increase again to $1 million from 1...

  10. Popular deduction set for rate rise

    cents per kilometre deduction rate for motor vehicle expenses to 72 cents for the income year starting 1 July 2020. The rate last changed in 2018, which saw the rate rise to 68 cents. The cents per kilometre method currently allows taxpayers to claim up...

  11. Nexia Australia announces new chair

    having been a director at the firm’s Perth office since 1994. Mr Di Giulio will succeed Ian Stone, who was appointed last year as chair of Nexia International, marking the first time a representative from Australasia has been selected to chair the...

  12. Former Westpac exec unveiled as CA ANZ CEO

    was also chief of staff to former Westpac chief executive Brian Hartzer between 2013 and 2015. Mr Hartzer stepped down late last year following allegations that the bank committed 23 million breaches of Australia's anti-money laundering laws. The...

  13. FASEA remote exam guidelines released

    72 hours before the exam start date, and that candidates will be charged an extra fee if they attempt to schedule at the last minute. It also recommends candidates sit the exam on a personal computer, as those in public locations such as workplaces “may...

    • Type: Article
    • Author: Sarah Kendell
    • Category: Business

  14. ‘Sympathetic and understanding’: ATO confirms compliance approach

    metrics already available to the ATO,” Ms Wilkinson said. “Using GST turnover comparing either April this year with April last year, or the June quarter this year with the June quarter last year, made a big difference to the integrity issues when...

  15. Tax storm looms for super

    He added the government has already taken steps to reduce the costs, lowering concessional contribution caps over the last decade from $100,000 to its current level of $25,000. All superannuation payments being tax-free is expected to continue, but Rice...

    • Type: Article
    • Author: Sarah Simpkins
    • Category: Tax

  16. On-demand and automated Cashflow projections for MYOB and Xero

    scenarios, Days of Cash Remaining Alexander Laureti, Partner at LMS Advisory, Parramatta, continues his story from last week about the benefits LMS obtain through Cerebiz automated cash collection system integrated with MYOB’s AE Practice Management...

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

  17. Clients urged to confirm JobKeeper Step 2

    the number of eligible employees. While the ATO continues to receive high call volumes, 100 per cent up from this time last year, Mr Addison believes practitioners should be able resolve the Step 2 issue smoothly once they get in touch with the Tax...

  18. JobKeeper turned off for childcare sector ahead of midway review

    a transition payment of 25 per cent of their fee revenue from 13 July until 27 September. According to Mr Tehan, the last two payments scheduled for September will be brought forward to help childcare services with cash flow. Childcare providers will...

  19. Car expenses rate rise confirmed

    cents per kilometre deduction rate for motor vehicle expenses to 72 cents for the income year starting 1 July 2020. The rate last changed in 2018 which saw the rate rise to 68 cents. The cents per kilometre method currently allows taxpayers to claim up...

  20. ATO warns of new TFN robocall scam

    or fraudulent activity and that there are several allegations against them. They will then be asked to provide the last four digits of their TFN, address, date of birth, name of their bank account, and the approximate amount of money in the account/s....

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