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

  1. Income tax cuts tipped to be brought forward, backdated

    Labor has also indicated that it will throw its support behind the brought-forward stage 2 cuts. “We, of course, argued last year that stage 2 of the tax cuts should be brought forward. So, there will be nothing surprising if we took a position...

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

  2. Inappropriate accounting treatments continue to plague entities

    concerns over the new accounting standards, with the corporate regulator noting a general lack of preparedness by entities last year. Last week, the corporate regulator released its findings of its audit review, finding that in 20 per cent of cases,...

  3. Inappropriate accounting treatment dominates ASIC results

    to focus on the impact of the new accounting standards on revenue and financial instruments, repeating its previous warnings last year. It also previously announced its focus for 30 June 2019 financial reports, with new accounting standards on revenue...

  4. In-house accountant charged in underpayment case

    Work Ombudsman. A joint investigation by the Fair Work Ombudsman and the Department of Immigration and Border Protection last year has resulted in restaurant owner Ye Shao and accountant Yizhu “Jessica” Ding being charged for allegedly underpaying...

  5. Important considerations from the recent TRIS clarification

    Last week, the ATO clarified transition to retirement income streams, and there are several considerations to be aware of as a result. ATO issues transition to retirement income stream (TRIS) confirmation of key commutation strategy The ATO in SMSFD...

  6. Impending IASB standard ‘fortuitous’ for ATO

    International Accounting Standards Board will give the ATO a roadmap to focus its audit activity according to a mid-tier. Last month, the International Accounting Standards Board (IASB) finally issued IFRIC 23 Uncertainty over Income Tax Treatments in...

  7. Impending GST changes good news for SMEs

    Two mid-tier partners have said that the changes to GST introduced to Parliament last week is a good first step in helping Australian SMEs compete with overseas entities. Changes to Goods and Services Tax (GST) collection online were introduced to the...

  8. IMF urges Canberra to bite the bullet with tax overhaul

    reliefs to vulnerable households.” It endorsed increased taxes on superannuation, referencing the $3 million levy introduced last year, but said the government needed to do more to cut tax breaks for the wealthiest. “The 2023-24 budget introduced...

  9. Illegal phoenix behaviour sees director convicted

    director duties after pleading guilty to engaging in illegal phoenix activity. Appearing in the Adelaide Magistrates Court last week, Stanley Zbigniew Maka of North Adelaide, South Australia, pleaded guilty to one count of breaching his director duties...

  10. Illegal early access to super scheme sees financial adviser charged

    20 years in prison for operating an illegal early access to superannuation scheme. Fronting the Victorian Magistrates’ Court last week, Ahmed Saad, a Glenroy financial adviser, was charged with two counts of deception following an ASIC investigation and...

  11. IGTO lists agent phone line as top review area

    of them as well as their rights and obligations." Through a sample of major batch communication letters issued over the last 12 months, the IGTO plans to examine how the ATO designs and tests its written communications, processes in place to address any...

  12. IGT to handle tax complaints

    Our goal is to ensure that taxpayers and tax practitioners are treated with fairness and respect,” Mr Noroozi said. Last year, the ombudsman reported that his office had received 1,369 complaints about the ATO. The IGT has worked with the ombudsman to...

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

  13. 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...

  14. IGT commences review into ATO’s fraud control

    a review into the ATO’s fraud control management following a request from the Senate economics references committee last week. The review, in which Mr Noroozi will examine how the ATO addresses the risk of fraud and associated issues, comes after it was...

  15. IGT clears ATO of fraud but recommends changes

    the ATO’s fraud control management follows after the Senate Standing References Committee on Economics called for a review last year, following revelations of Operation Elbrus and the allegations that former ATO deputy commissioner Michael Cranston...

  16. IGT calls for power balance at ATO

    the ATO in response to concerns of too much power being held by the commissioner. In his valedictory speech in Melbourne last week, IGT Ali Noroozi said that the ATO should implement its recommendation of a management board to oversee the development of...

  17. IESBA chair outlines major priorities for ethics in accounting

    told CA ANZ in a recent podcast. This follows the recent release of the board’s strategy and work plan for 2024–27 last month. Figueiredo said IESBA wants to see accountants create “good culture and governance within firms” to avoid unethical behaviours...

  18. Identifying the early warning signs of insolvency

    enlist the help of specialist business advisors. Insolvency isn’t the only option when a business is in trouble; it’s the last resort. By keeping an eye on these warning signs, business owners can act sooner if the business looks to be in trouble. This...

  19. ICB questions diploma-level entry qualification proposal

    instead, argues a professional association. In a discussion paper on the review of the Tax Practitioners Board, released last week, a consultation point raised the question of whether the primary educational qualification for a BAS agent should be...

  20. I'm not on the cloud

    • Type: Article
    • Author: Priya Murthy
    • Category: Business
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