Treasury floats return of accountants’ exemption
The return of the accountants’ exemption is one option Treasury is exploring as part of a review into the effectiveness of the Tax Practitioners Board (TPB).
BUSINESS • Mon, 05 Aug 2019
Ex-ATO exec spots 47% tax bills
A number of SMSFs have been stung with a hefty tax bill after a series of ATO audits showed they weren’t operating on an arm’s length basis, according to the former ...
TAX • Sun, 06 Jan 2019
Accountants under limited licence set for ‘irrelevant’ exam
Accountants providing limited financial advice will need to sit the same exam as those offering advice under a full AFSL, requiring hours of “irrelevant” study.
BUSINESS • Sun, 25 Nov 2018
Government fixes surprise taxes with death benefits
An unintended tax consequence of the latest round of superannuation reforms, which adversely impacted death benefit rollovers, has been corrected by the federal ...
TAX • Wed, 31 Oct 2018
Accountants’ exemption reinstatement stalls
Despite a heated lobby to former financial services minister Kelly O’Dwyer, the federal government looks set to delay any decisions on the reinstatement of the ...
BUSINESS • Tue, 23 Oct 2018
SMSF borrowing ban floated to government
The corporate regulator floated the prospect of a ban on limited recourse borrowing arrangements in SMSFs, as part of a push to protect consumers in a post-royal ...
SUPER • Tue, 09 Oct 2018
60% of CAs to ditch advice if new education changes pass
A survey of the Chartered Accountants Australia and New Zealand membership revealed 60 per cent of accountants providing financial advice will drop the offering if new ...
BUSINESS • Wed, 19 Sep 2018
Property hotspots ring alarm bells for SMSFs, auditor finds
One auditor has found a concentration of property investment activity in high-density areas of Queensland, ringing alarm bells for professionals involved in those ...
SUPER • Tue, 28 Aug 2018
Tax office releases new cryptocurrency updates
Ahead of tax time, the ATO has released a checklist of crucial regulatory considerations for SMSFs investing in cryptocurrencies, including examples of where breaches are ...
TAX • Mon, 19 Mar 2018
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