Clients’ money swiped in SMSF, property case
In a messy SMSF and property case, a woman has pleaded guilty to two charges that she dishonestly obtained client funds and to one charge of dealing with over $100,000 of ...
SUPER • Wed, 01 Nov 2017
Small business slips on lodgement deadlines
On-time lodgement slipped slightly for small businesses last financial year while debts owing spiked, prompting the ATO to consider new strategies to encourage compliance
BUSINESS • Wed, 01 Nov 2017
Massive drop in BAS agent knockbacks, cancellations
The Tax Practitioners Board (TPB) has singled out BAS agents for their compliance in the 2016/17 financial year, and for their “positive and important contribution” to ...
REGULATION • Wed, 01 Nov 2017
‘Sharper teeth’ needed to hold ATO accountable, mid-tier says
A mid-tier firm has joined calls for the Inspector-General of Taxation (IGoT) being given more powers in an effort to create “genuine administrative reforms” and ...
TAX • Tue, 31 Oct 2017
ATO records jump in prosecutions, debt
The tax office’s annual report shows there was an increase in prosecutions last financial year for individuals and companies as well as a spike in small business debts, ...
Spike in tax practitioner complaints in ‘challenging year’ for TPB
The Tax Practitioners Board (TPB) believes significant funding constraints have hampered its performance in a year which saw complaints against tax practitioners spike ...
GST crackdown gets backing as ‘tens of thousands’ of letters sent
The ATO’s renewed tax time warnings about its GST surveillance activity has been welcomed as a necessary move by parts of the tax professionals community.
TAX • Mon, 30 Oct 2017
ASIC pinpoints accountants, auditors, liquidators in FY17/18 plans
ASIC has today released its business plan for the current financial year, indicating compliance resources will be directed towards emerging service lines and ...
Industry at odds over new ATO reporting model
Opinions remain divided amongst the advice and accounting professions, as the tax office puts more options on the table for its new real-time reporting regime for SMSFs
REGULATION • Sun, 29 Oct 2017
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