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Assuming last is required, the following 3592 results were found.

  1. ‘Utterly untenable’: Labor pushes back on franking credit inquiry

    debates from both sides of the table, as well as the voting public, including the most recent inquiry hearing in Chatswood last Friday, where a man was ejected from the hearing and boos and jeers were heard when an attendee spoke in favour of the new...

  2. ‘Uptick in enquiries and nervousness’: ATO investigations spark fear

    secret accounts is “just the tip of the iceberg”, according to a big four firm who has seen a rise in advice enquiries. Last week, the ATO announced it had begun contacting 106 Australians who are suspected of utilising tax evasion schemes through...

  3. ‘Unreasonable burden, negligible revenue’: ATO called out on draft FBT ruling

    arguing that it would capture regional employers and slug an extra $1.6 million in FBT costs to current taxpayers. Late last year, the ATO released draft taxation ruling 2019/D5, detailing conditions considered as providing a car parking benefit. The...

  4. ‘Unprecedented level of visibility’: ATO announces first use of STP data

    SG audit work Mr O’Halloran was also keen to tout the ATO’s ongoing SG audit work, with 27,000 SG cases completed over the last financial year. Of those, 22,000 employers were contacted and the ATO raised assessments for $805 million in outstanding SG....

  5. ‘Unnecessary and unfair’: Small business shut out from loss carry back

    and trusts. The temporary loss carry back measure, which was announced in the federal budget and passed through Parliament last week, currently only allows corporate tax entities with an aggregated turnover of less than $5 billion to carry back a tax...

  6. ‘Unfortunate’ casualties to ATO digital crash continue

    being reminded to brace for further delays in the rollout of the platforms earmarked to replace the Tax Agent Portal. Late last year, the ATO said a new service, ATO Online, would be available in the first-half of 2017 as a new platform capable of...

  7. ‘Unannounced’ visits for ATO in pre-insolvency investigation

    illegal phoenix activity, with 80 officers conducting unannounced visits on two sites across Victoria, following 13 visits last August. A Fair Work Ombudsman report put the cost of illegal phoenix activity to the Australian economy at potentially more...

  8. ‘Too soon to celebrate’ fall in inflation rate

    by the Australian Bureau of Statistics (ABS) with October data yesterday, saw the headline figure fall from 7.3 per cent last month — but many essential items such as fresh produce and fuel are increasing much faster. “While this month’s annual movement...

  9. ‘Too simplistic’: Standardised deductions aren’t a silver bullet

    work-related expenses. “As the report states, the percentage of taxpayers using a tax agent has hardly changed over the last 10 years,” Mr Jeffreys said. “Why is this? It is not because taxpayers have a significant need to have their tax agents work out...

  10. ‘There’s nothing soft about soft skills’

    more important than the technical knowledge, because historically a lot of the technical knowledge you learnt was going to last you for the whole of your career. “It’s more about being able to find talent, you know across all the ranges, and not just...

  11. ‘The picture it paints is not completely true’: 80% of agent-prepared returns adjusted

    and that takes time. So, the current results might not reflect all the recent activity that the ATO has put in this year and last year,” Mr Greco said. “The ATO is as much at fault as everyone else — they’ve allowed this to happen. It’s been happening...

  12. ‘The most challenging 2 years to date’: PwC Australia reflects and outlines goals ahead

    its 2021 Audit Transparency Report, which speaks to the challenges the big four accounting firm has had to overcome in the last two years, and how it’s positioning itself going forward as a result. PwC Australia’s 2021 Audit Transparency Report has been...

  13. ‘The licensing framework has failed’

    Apricot Actuaries, a new brand of digital advice providers A.S.A.P Advice, has found that of 655 SMSFs established over the last 12 months, 35 per cent did not receive licensed advice. Further, it found that of the 949 pension commencements assisted by...

  14. ‘The final straw’: Xero users baulk at another price hike

    draws storm of criticism after jacking up plan fees for the second time in a year. Accountants and business owners have blasted Xero’s pricing and services after the software giant announced it would be raising fees for the second time in a year. Price...

  15. ‘The ATO is here for you’: Commissioner Chris Jordan reiterates support for tax profession

    changes to the tax system, and we have appreciated everything you have done,” Mr Jordan said. “Despite the challenges of the last 18 months, at the ATO we have remained committed to our transformation. That commitment is what put us in a strong position...

  16. ‘Take advantage of deductions’ ahead of tax cuts, tax expert advises

    income is taxed at a lower rate in the next financial year, he explained. Another area to be aware of is that this is the last year people can take advantage of the carry-forward rules on unused super contribution concessions from the 2018-19 financial...

  17. ‘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...

  18. ‘Sustainability is not a buzzword’: IPA

    Stylianou, the IPA Group executive for advocacy and technical, on the sidelines of the national congress held in Adelaide last month. Ms Stylianou explained that the e-book is not about dictating procedure, rather its purpose is to serve as a guide for...

    • Type: Article
    • Author: Maja Garaca Djurdjevic
    • Category: Business

  19. ‘Surviving COVID-19: The Defining Moment for Accountants’

    This current crisis is proving to be very painful for many people, at both a personal and business level, but it will not last forever. Australia has endured all sorts of crises in its past. Each time, this nation has emerged and gone on to become...

    • Type: Article
    • Author: Peter Towers
    • Category: Business

  20. ‘Superannuation the new glass ceiling’: CA ANZ calls for further super reforms for women

    meaning they are paid no or less superannuation over formative career-building years.” The recent CA Gender Pay Gap Report last year found that half of women CAs surveyed had taken a significant career break compared to only 15 per cent of men CAs, with...

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