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New law: The director penalty regime extends to GST The federal government’s package of reforms aimed at addressing illegal phoenix activity is now law. Write comment (0 Comments) ...
Independence issues for internal auditors Internal audits can help organisations understand how well they’re managing their risk, control and governance processes. Write comment (0 Comments) ...
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ATO finalises its position on trust split arrangements Capital gains tax consequences of trust split arrangements have been partly clarified, but more questions remain. Write comment (0 Comments) ...
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What you need to know about new disclosure requirements for NFPs New disclosure requirements for NFPs preparing special purpose financial statements (SPFS) take effect for financial years ending on or after 30 June 2020. Here's what y...
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Raise capital, not red flags The survival rate for start-ups is understandably low and without adequate funding even the strongest business ideas won’t survive. Entrepreneurs looking to grow their ...
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Is bank mistrust breeding financial criminals? Mistrust in traditional financial services could make Australians vulnerable to major scams. Write comment (0 Comments) ...
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Payroll tax shock for optometry industry business arrangements A recent ruling in the Victorian Court of Appeal against The Optical Superstore means that all medical and related practices should urgently review their payroll tax obli...
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How a child maintenance trust can save divorcees thousands It is a situation that no family wants to imagine, let alone plan for. However, in the event of a family breakdown, establishing a child maintenance trust can save you th...
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Tax transparency: The time for change is now On 3 April 2016, the world woke up to revelations in the Süddeutsche Zeitung newspaper laying bare the murky use of offshore financial services and shell companies, whic...
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FBT considerations for the festive season Christmas is a busy time of year for accountants, and not just due to end-of-year parties, as employers ask: “What are the tax implications of my Christmas festivities?...
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How the gig economy could create hidden tax issues for contractors and employers Workers and employers are benefiting from the burgeoning gig economy in which people work part-time or on a project basis, often for a stable of employers. However, this ...
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Why finance professionals must evolve their mindset to position themselves for the top job In many ways, financial and numerical data are like a beacon for companies in a changing business environment. From interest rate cuts, wage growth, unemployment and infl...
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