Lesson for accountants in firm’s $1m penalty
An advice firm has copped a $1 million civil penalty from the Federal Court, serving as a warning to accountants operating under the AFSL regime.
TAX • Sun, 29 Oct 2017
ATO hints at renewed GST swoop
The ATO has contacted over 120,000 taxpayers about their GST obligations, and ahead of tomorrow’s self-lodgement deadline the tax office is hinting at impending ...
New service on the market for BAS agents
One software provider has announced that Simpler BAS services are now supported in its flagship products, with accountants and administrators in mind.
TECHNOLOGY • Thu, 26 Oct 2017
Tax agent knocked back, follows CAANZ, court findings
The Administrative Appeals Tribunal (AAT) has upheld the regulator’s decision to reject a veteran tax agent’s registration, which follows findings from the Supreme Court ...
TAX • Thu, 26 Oct 2017
Lobby grows against contentious state tax
The planned South Australian bank tax is facing further revolt from the SME community, and local accountants are also not getting on board.
TAX • Wed, 25 Oct 2017
‘A bad thing times 10’: ATO set for new blitz
The status of tens of thousands of SMSFs currently hangs in the balance, with the post-reform environment prompting the ATO to threaten axing funds which are not meeting ...
REGULATION • Wed, 25 Oct 2017
TPB, ATO encourage clients to dob in dodgy BAS agents
The tax office and the Tax Practitioners Board have contacted taxpayers as part of their compliance surveillance, encouraging them to dob in BAS agents who they suspect ...
Pay slips, record keeping top FY16/17 contraventions list
Last financial year, two-thirds of the Fair Work Ombudsman’s court cases involved alleged record-keeping or pay slip contraventions, and the regulator notes a significant ...
Compliance work set to spike for ‘high risk’ industries
Draft legislation released yesterday suggests accountants will have more compliance work to do with their small business clients who operate in what the government has ...
TAX • Tue, 24 Oct 2017
iscover 
