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

  1. ASIC imposes licence conditions on NTAA’s AFSL

    that the SMSF Advisers Network had total of 1,087 professionals under its licence. It saw a spike in adviser numbers last year when a total of 412 advisers joined its licence, doubling the number of advisers that joined in 2017. A number of the...

  2. Changes to ABN requirements put forward by government

    to update their ABN details. The new conditions, revealed in the federal budget, come after a Treasury consultation paper last year considered a reform to the ABN system to ensure information was up-to-date, with possible renewals fees discussed. This...

  3. Government defers start date for Div 7A changes

    1 July 2020 start date comes after Treasury released a long-awaited consultation paper of proposed amendments to Division 7A last October, which raised concerns from tax experts due to its departure from some recommendations in the Board of Taxation’s...

  4. Prominent tax bills set to lapse as Parliament enters last 2 sitting days

    The last two Senate sitting days will see a number of prominent tax bills, including the proposed SG amnesty, being left off the table, which will ultimately see those bills lapse when the federal election is called. The Senate’s draft legislation...

  5. ‘No action warranted’ until Labor provides CGT and negative gearing clarity, says Tax Institute

    discount has raised questions around its transition policy, with investors being warned against taking action immediately. Last Friday, shadow treasurer Chris Bowen announced that Labor, if elected, would set a 1 January 2020 start date to begin...

  6. Government called to revisit ASIC industry funding model in view of 'all the facts'

    looking for a qualified financial planner.” Despite the government announcing a $550 million funding boost to ASIC and APRA last week, ASIC has since released its latest indicative levies for the 2018-19 year. Registered liquidators will face a $2,500...

  7. Government warned on delicate balancing act ahead of federal budget sweeteners

    thresholds were the most likely routes the government would take. The potential cuts will come on top of tax cuts announced last year – a three-stage process that will run to 2024. “While individual tax cuts could be seen as being election sweeteners,...

  8. How to minimise the risk of a client audit

    Reuters Senior Product Manager, Tax & Accounting, ANZ, and fellow Product Manager Shane Paxton outline how to avoid them. Last year the Australian Tax Office (ATO) was clear as to what area it deemed ripe for a clampdown: work-related expenses. It...

    • Type: Article
    • Author: Thomson Reuters
    • Category: Business
  9. Federal budget tipped to bring extra ATO funding, compliance activities

    so we’re not expecting to see anything on that,” said Mr Drum. A move to standard deductions was widely predicted last year, as the ATO made several high profile statements and speeches about the state of work-related deductions. Instead, the government...

  10. Director GST liability inches forward with Senate committee approval

    Laws Amendment (Combating Illegal Phoenixing) Bill 2019 be passed, after the Senate referred the bill to the committee last month. The bill seeks to implement four measures to combat illegal phoenix activity, including new offences to prohibit...

  11. ATO sheds light on big 4 partner income

    internal governance measures” to ensure the appropriate amount of tax was being paid. During a Senate estimates hearing last month, Greens senator Peter Whish-Wilson had asked the ATO to reveal the aggregated income of the big four firms, with the tax...

  12. Low-value GST collection at 300% of forecasts

    is tracking at 300 per cent of forecasts, as overall GST collection continues to grow. Since new laws kicked in on 1 July last year, GST will apply to sales of low-value, imported goods valued at $1,000 or less, to consumers in Australia, in a bid to...

    • Type: Article
    • Author: Reporter
    • Category: Tax
  13. Accounting is sexy, and I’m here to prove that

    membership and qualification. From a business perspective I am proud to say my company has grown five times over this last financial year in terms of revenue! That is a huge win for me! Also, from everything I can tell, my clients like me and what I...

  14. Commissioner seeks to appeal residency decision in High Court

    the Full Federal Court’s recent tax residency decision, casting doubts on the interpretation of individual residency rules. Last month, the Full Federal Court upheld an appeal by Glenn Harding in Harding v Commissioner of Taxation, ruling that the...

    • Type: Article
    • Author: Jotham Lian
    • Category: Tax
  15. New guidelines issued on satisfactory tax records for tender bids

    for Commonwealth government contracts over $4 million will have to comply with, including a statement of tax record. Late last year, the government released a consultation seeking to introduce a new government procurement process that will exclude...

    • Type: Article
    • Author: Jotham Lian
    • Category: Tax
  16. Bulk ABN cancellations set to continue

    with no other indications they may be in business. “We have also been working to address some of the concerns that surfaced last year about the way we cancel ABNs, particularly in cases where we think a business has wrongly classified their workers as...

  17. Loan restrictions, housing downturn pushing business confidence down

    asset worth more than $20,000. Similarly, measures to tackle the Black Economy and reduce tax avoidance announced at last year’s Federal Budget were reported by 86 per cent as having had no direct impact on their organisation. “There is a general...

    • Type: Article
    • Author: Reporter
    • Category: Business
  18. Stakeholder increases share in MYOB as takeover negotiations continue

    a 19.9 per cent stake in MYOB. The increase comes in the wake of a letter from equity fund KKR to MYOB chair Justin Milne last week, informing him that the $3.40 per share bid was the “best and final offer”. Manikay Partners chief investment officer...

  19. CPA seeks FASEA accreditation for prior learning

    will see practitioners required to complete a bachelor or higher or equivalent qualification. Accountants Daily reported last year that FASEA had written to the major professional bodies, inviting them to consult about having their designations and CPD...

  20. Commissioner’s opinion on fraud, evasion may create ‘incontestable tax’, government warned

    to amend assessments on the suspicion of fraud or evasion. In a presentation at the Tax Institute’s National Convention last week, David Marks, Queen’s Counsel, Inns of Court, noted that fraud or evasion in terms of section 170 of the Income Tax...