‘We will take strong action’: ATO outlines cryptocurrency plans for tax time
The tax office is “strongly encouraging” taxpayers to review cryptocurrency guidance, ahead of its surveillance and compliance activity for tax time 2018.
TAX • Mon, 26 Feb 2018
Deloitte called on as liquidator in SMSF spruiking case
ASIC has applied to the Federal Court of Australia for the appointment of Deloitte as liquidator to a firm which pushed clients to establish SMSFs.
SUPER • Mon, 26 Feb 2018
KPMG Australia offloads super admin business
KPMG Australia has this morning confirmed it is selling off its stake in the superannuation admin business to a niche admin and platform provider.
BUSINESS • Sun, 25 Feb 2018
‘Technology is technology’: ATO bosses confident in system stability despite falters
The ATO’s second commissioner told tax agents he is confident the new portals won’t be plagued with instability like the existing versions are, but stopped short of ...
TECHNOLOGY • Thu, 22 Feb 2018
New data breach laws, penalties land today
Mandatory data breach laws come into effect today, capturing a significant portion of the accounting business community.
Sluggish TPB processing as 19,000 financial advisers registered
The total number of registered tax (financial) advisers stood at 19,000 at the end of January, as the Tax Practitioners Board (TPB) continues to grapple with resourcing ...
TAX • Thu, 22 Feb 2018
Next rollout phase of new ATO portals imminent: second commissioner
The ATO’s second commissioner and chief information officer, Ramez Katf, mapped out the ATO’s targets with its new tax agent portal for 2018, following lengthy ...
REGULATION • Wed, 21 Feb 2018
ATO heavyweights zero in on tech as mixed bag report released
ATO executives are promising major process and infrastructure improvements for tax and BAS agents, as a report from the Australian National Audit Office finds flaws in ...
TECHNOLOGY • Tue, 20 Feb 2018
‘Substantiation will be a key focus’: ATO drums in tax time 2018 hit list
The tax office has further detailed what type of work-related expenses will be in focus this tax time and signalled a particular focus on documentation where “red flags” ...
TAX • Tue, 20 Feb 2018
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