Assuming last is required, the following 4012 results were found.

  1. Pay increases down in accounting

    in Sydney’s accounting market. According to the report, 33.2 per cent of respondents have not received a pay increase in the last 12 months, as opposed to 26.1 per cent in last year’s survey. Of those who did report a pay increase, 29.4 per cent...

  2. $21m tax scheme forces ATO to make system changes

    tax fraud, such as the Western Australia scheme where 700 taxpayers attempted to claim $21 million, from happening again. Last month, reports from Derby, Fitzroy Crossing and surrounding areas in the Kimberley region in remote WA revealed a large-scale...

  3. Catch-up contributions reignite attraction of TTRs

    and in 2020 it’s already up to $40,000 because they get the $25,000 standard cap plus the $15,000 unused amount from last year.” Mr Day said allowing for five years’ worth of unused contributions to be carried forward, it was common for high-income...

    • Type: Article
    • Author: Sarah Kendell
    • Category: Super
  4. ‘The picture it paints is not completely true’: 80% of agent-prepared returns adjusted

    and that takes time. So, the current results might not reflect all the recent activity that the ATO has put in this year and last year,” Mr Greco said. “The ATO is as much at fault as everyone else — they’ve allowed this to happen. It’s been happening...

  5. ATO details myGovID implementation roadmap

    a special classification of people and we are collecting some extra evidence for that classification. “They will be the last group that we will onboard, so there’s no point in them trying to get a myGovID today because they can’t, and there’s no point...

  6. Accountants’ ethics rated despite tanking finance sector

    per cent). In stark contrast are local members of federal parliament, state parliament and local councillors, who tied in last position with just 39 per cent.

    • Type: Article
    • Author: Reporter
    • Category: Business
  7. Commissioner called to explain changes to position on commercial debt forgiveness

    provide greater clarity over various circumstances dealing with its new interpretation of commercial debt forgiveness rules. Last month, the Commissioner of Taxation released Draft Taxation Determination 2019/D9, close to eight months after it withdrew...

  8. Risks abound in small business CGT exemption

    of less than $2 million — there is also the need to prove that ownership requirements have been satisfied for at least the last 15 years,” Mr Busoli said. “If you take the exemption, you have an extremely high probability of incurring an ATO audit, so...

    • Type: Article
    • Author: Sarah Kendell
    • Category: Tax
  9. Preservation age, work test in government’s sights

    numbers may fall to the back of the list, according to SuperConcepts. Addressing SMSF Adviser’s SMSF Summit 2019 in Sydney last week, the SMSF service provider’s general manager, Peter Burgess, said the government may soon look at increasing the age at...

    • Type: Article
    • Author: Sarah Kendell
    • Category: Super
  10. Government called to consider apportionment for CGT main residence exemption bill

    to capital gains tax exemptions continue to be raised, with the government urged to consider rules around apportionment. Last month, the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 was introduced in...

  11. So you want to be a CFO

    communicate this and get buy-in at the company/board or management level then it’s like losing the 100-metre sprint in the last few seconds. Traditionally our industry hasn’t focused on this area as much as the technical but when you are standing in...

    • Type: Article
    • Author: Sarah Lawrance, Hot Toast
    • Category: Business
  12. ATO considers non-compliance notices for lapsed lodgers

    up over 10 per cent of the SMSF population, totalling 71,000 funds. “They represent $44 billion of super according to their last return lodged, that we don’t know what is happening with,” she said. She added that the reasons for lapsed lodgement...

  13. GST kicks in for online hotel bookings

    of Australian commercial accommodation, including hotels, will now have to factor in GST after the loophole was closed last month. First announced in the 2018 budget, Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in...

  14. Tax Office defends use of external debt collection agencies

    undisputed debt”, as concerns over the aggressive conduct of their staff linger. Speaking at the Senate Estimates last week, ATO chief service delivery officer Melinda Smith said the Tax Office sets clear service benchmarks for external debt collection...

  15. CA ANZ details audit improvement plan

    largest firms. “Organisations across the private and public sectors have come under major scrutiny, particularly over the last three years,” said Amir Ghandar, CA ANZ reporting and assurance leader. “Clearly, a more integrated and consistent approach to...

    • Type: Article
    • Author: Reporter
    • Category: Business
  16. Business $10k cash limit bill progresses

    was passed by the House of Representatives. The Currency (Restrictions on the Use of Cash) Bill 2019 passed the lower house last week and has since been referred to the Senate Economics Legislation Committee for further inquiry. The proposed measure...

  17. ‘Not sustainable’: FWO criticises businesses for under-resourcing payroll

    Fair Work Ombudsman director of knowledge Cletus Brown said the agency has seen around 30 self-disclosures over the last “two to three years”. “Some of the larger businesses may have taken their eyes off the ball and not employ as many payroll...

  18. Former MYOB boss appointed as Business Council president

    the announcement, Mr Reed said it was necessary to revisit the tax cut debate despite the Turnbull government dumping plans last year. “I don’t think it’s politically toxic,” Mr Reed said. “I think once we got out there and actually talked to the...

  19. Do your business clients have an exit plan in place?

    Last weekend, viewers all over the world sat on the edge of their couch waiting to see which of the four Roy children in HBO’s dramedy Succession would inherit their father’s media conglomerate. While made with dramatic effect, this scenario can play...

    • Type: Article
    • Author: Jeremy Jones, Pitcher Partners
    • Category: Business
  20. ‘Community expectations have changed’: TPB signals new regulatory focus

    Tax agent terminations spiked by 208 per cent in the last financial year, with complaints and referrals increasing by close to 30 per cent as the Tax Practitioners Board ushers in a new era of regulation. Total sanctions against practitioners jumped by...