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, ...
TAX • Tue, 31 Oct 2017
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
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
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