Accountants on notice with ABN framework revamp
Accountants will need to remain alert to the status of client ABNs following the government’s budget commitment to better tackle the black economy, says a tax veteran
TAX • Wed, 09 May 2018
Education a missing piece in SME tax discussion
Educating small businesses around business management and compliance was all but ignored amid the continuation of a range of tax measures in the federal budget, according ...
Black economy measures part of the ‘long game’
The government’s approach towards eliminating the black economy is part of a five-year implementation plan that will require co-operation between the states and ...
TAX • Tue, 08 May 2018
Cap most contentious part of R&D tax offset overhaul
The cap on cash refunds as part of proposed government changes to the research and development (R&D) tax incentive will likely cause problems for some businesses, a ...
$20K asset write-off extension falls short
The federal government has committed to extending the $20,000 instant asset write-off for a further 12 months to 30 June 2019, but calls to make it permanent have fallen ...
SMEs should be alert to $20K write-off this EOFY
The $20,000 instant asset write-off will be a major area for clients to address this end of financial year regardless of what happens to the incentive in the budget, ...
STP ‘a bureaucratic nightmare’ for small business
Single touch payroll (STP) will worsen the compliance burden for small businesses by up to 10 times, according to an Australian bookkeeping services firm.
TAX • Mon, 07 May 2018
Tax an election hot topic, says accounting body
An accounting body predicts taxation will likely feature as a major policy battleground at the next federal election due to the divergent policies of the major parties as ...
TAX • Sun, 06 May 2018
CA ANZ predicts inaction on work deductions
Chartered Accountants Australia and New Zealand (CA ANZ) predicts that nothing in this week’s budget will address overclaiming on work-related deductions despite a ...
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