NEWS
Tax deductions flagged for super in lead-up to EOFY
Contribution strategies should be considered in the lead-up to 30 June for superannuation to ensure a favourable tax position for clients, according to one technical expe...
Moves to make instant asset write-off permanent applauded
The federal opposition plans to make the instant asset write-off for SMEs a permanent feature of the tax system, which has been well received by advisers to small busines...
BAS streamlining in the works as STP hits new milestone
The Tax Office is exploring ways to streamline business activity statements, including through more pre-filling, as its STP rollout hits a new milestone with small busine...
Boost in contribution caps on the cards for federal budget
The government may look to reinstate certain superannuation caps and thresholds for members over 50 in this year’s federal budget, a major SMSF administration firm pred...
FASEA recognises financial planner designation as accountants made to wait
Members of professional accounting bodies will have to wait and see if their designations will be recognised by FASEA as the authority moves to recognise a financial plan...
Government locks in plans to roll out general tax advice scheme
The federal government has committed $1 million to trialling tax clinics across Australia, providing general tax advice to individual or small business taxpayers.
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Allegations of stolen tax refunds prompt tax agents’ rego termination
Two tax agents have had their registrations terminated after a host of complaints about missing client refunds.
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SMSF establishment, property development at heart of new court battle
ASIC has commenced proceedings in the Supreme Court of Queensland against a former financial adviser who allegedly recommended SMSFs to clients to facilitate the purchase...
MYOB announces next steps with proposed buyout
After a bid from a global private equity business in early October, MYOB has reached the next phase of negotiations for its buyout.
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‘Same hours as a doctor’: mandatory CPD proposal slammed
The proposed minimum CPD requirements under incoming federal government standards are “completely over the top” and will see licensed accountants forced to dedicate 5...
EY finds 78% of execs fretting about data compliance, privacy
Four months out from deadline with General Data Protection and Regulation (GDPR) regime, and EY has found a majority of business leaders are struggling significantly on t...
Tax, advice firm launches new insurance service line
Tax and advice firm Hewison Private Wealth has launched a personal insurance offering within its wealth management division.
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