Reliance on automated audits raises red flag at ATO
This financial year, the ATO will be upping its focus on auditors who excessively rely on automation to sign off on SMSF audits.
TAX • Tue, 20 Sep 2016
‘Bound to be’ accountants skirting new rules
With ASIC “actively monitoring” the establishment of new SMSFs to ensure accountants aren’t giving advice beyond their scope, one firm director believes it’s likely many ...
TAX • Mon, 19 Sep 2016
More evidence of advice opportunity for accountants
Recent research from Investment Trends indicates a surge in demand for financial guidance and advice from Australian consumers that is not being addressed by professional ...
BUSINESS • Mon, 19 Sep 2016
KPMG flags damage done by backflips on super tax
In light of yesterday’s significant shake-up of the government’s original super tax proposals, former union boss and current KPMG partner Paul Howes has pointed to the ...
TAX • Fri, 16 Sep 2016
Majority of Aussies wrong on tax claims knowledge
According to one national tax network, 70 per cent of Australian taxpayers are wrong about what they can claim as deductions.
Controversial super tax measure dumped
The Turnbull government has made significant changes to its superannuation reform package, including scrapping controversial plans for a lifetime cap of $500,000 on ...
TAX • Thu, 15 Sep 2016
ATO issues alerts on profit shifting
New schemes associated with multinational profit shifting have caught the ATO’s attention, and taxpayers tempted to “push the boundaries” have been put on notice
Auditor-General casts doubt on effectiveness of ATO
An audit assessing the effectiveness of the ATO in achieving revenue commitments has suggested significant shortcomings – but the Tax Office is not fully on board with ...
TAX • Wed, 14 Sep 2016
Aussie arm of global accounting firm boosts team, services
The Australian arm of an Asian accounting giant has announced the expansion of several service offerings, as well as the appointment of two new partners snared from a ...
APPOINTMENTS • Wed, 14 Sep 2016
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