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

  1. ‘Big awareness push’ phase underway as STP deadline approaches

    provisions, and its project lead at the tax office believes the business community is better prepared than it was for last year’s deadline. Through email and national advertising campaigns, the ATO is drilling in the 1 July deadline for STP, which...

  2. BAS agents, bookkeepers called on to spread STP message

    obligations with the new Single Touch Payroll regime. Legislation to introduce STP across businesses of all sizes was passed last month, with the ATO granting a three-month buffer to 30 September 2019 for small businesses to transition to the new...

  3. A Q&A with Stuart Brandman on his Cloud Accounting Evolution

    accountant relationship. Hi Stuart! Can you tell me more about you and your firm, 542 Partners? We’ve been in business for last six years. I am one of three directors, and we have 12 staff. All directors came from PKF. We saw it as a good opportunity to...

    • Type: Article
    • Author: Receipt Bank
    • Category: Business
  4. New quarterly STP reporting method for closely held payees revealed

    through pre-fill for that person's tax return” Legislation to introduce STP across businesses of all sizes was passed last month, with the ATO granting a three-month buffer to 30 September 2019 for small businesses to transition to the new regime. The...

  5. PwC commits to reconciliation action plan

    firm in the PwC global network which maintains an Indigenous majority owned, managed, and 60 per cent staffed operation. Last year, PIC was highly commended and named “Organisation to Watch” in the Shared Values Awards. PIC was also the first Indigenous...

    • Type: Article
    • Author: Reporter
    • Category: Business
  6. Div 7A approach to be ‘fair and sensible’, says Assistant Treasurer

    Treasurer Stuart Robert acknowledged concerns from the profession surrounding Treasury’s consultation paper released last year, noting that his position was “not in line” with Treasury’s view. “In terms of Div 7A, I’ve finalised my view on it and...

  7. CBA settles big tax case

    heavy scrutiny following a $3 billion budget blowout, up from its $1.8 billion expected expenditure. Start-up Airtasker was last year forced to pay back “100 per cent of the R&D incentives provided” following an ATO review of its claims dating back to...

  8. Why business owners must understand the liquidation process

    including sole traders and partners in partnerships, who are declared insolvent. Bankruptcy is also an interim legal state, lasting three years, whereas liquidation leads to a permanent winding down of a company. When a company goes into liquidation, a...

  9. Chris Jordan casts doubt on controversial $3k tax affairs cap

    Deutsch. “It is distortionary.” In defence of tax agents Mr Jordan faced significant backlash from the tax profession last year when he said that results from the individuals not in business tax gap report showed that some agents were not living up to...

    • Type: Article
    • Author: Jotham Lian
    • Category: Tax
  10. Common GST, property errors flagged for tax agents

    The ATO has flagged some common errors in suppliers’ activity statements since the introduction of GST at settlement. Last year, the government announced new measures that put the onus on purchases to withhold the GST on the purchase price of new...

    • Type: Article
    • Author: Jotham Lian
    • Category: Tax
  11. Errors in 9 out of 10 rental claims prompt new compliance blitz

    expenses, which has seen the average claim fall by $130 over the past two years – the first time it has fallen in the last 25 years. Mr Jordan expects the estimated revenue gain for that same period to be around $600 million. Last year, the Tax Office...

    • Type: Article
    • Author: Jotham Lian
    • Category: Tax
  12. ‘Cash grab’ accusations at ATO investigated, findings released

    accusations of “cash grabs” and improper staff incentives, has been released today. A current and former ATO officer alleged last year that the ATO gave directions to staff to issue garnishee notices in every case as a “cash grab” towards the end of the...

  13. 500 businesses set for surprise ATO visits

    to implement new strategies to combat the black economy, which has been estimated to cost $50 billion. The Tax Office said last year it would be visiting 10,000 businesses in 30 locations across the country over the next 12 months.

    • Type: Article
    • Author: Jotham Lian
    • Category: Tax
  14. $1m penalties set to kick in for dodgy sales tools

    sales suppression tools will have just over three weeks to come clean before $1 million penalties kick in. New laws passed last year made it illegal to manufacture, distribute, possess, use or sell electronic sales suppression tools (ESSTs). According...

  15. TPB review called to consider skyrocketing cost of practice

    needs to consider how competing legislative frameworks can be harmonised.” The TPB review, announced by the government last week, should the impact of increasing regulatory costs and compliance burdens, says Mr Drum. Fund the regulator Mr Drum has also...

  16. New PAYG laws to place focus on on-time BAS lodgment

    comply with withholding obligations will place a focus on the on-time lodgment of BAS, practitioners have been warned. Late last year, new legislation to deny an income tax deduction for certain payments if the associated withholding obligations have...

  17. ATO rolls out campaign to crackdown on SMSF auditor number misuse

    the ATO can impose penalties, disqualify trustees, and refer tax agents involved to the TPB or refer them for prosecution. Last year, the ATO singled out 100 funds for using a SAN on an annual return without the auditor’s authority....

  18. The new frontier for commercial property investment

    is also located within the Cardinia Shire, which currently has a Gross Regional Product of $3.3 billion, growing by 3% last year, with major infrastructure projects currently underway including the construction of the new High Capacity Melbourne Metro...

    • Type: Article
    • Author: Steve de Nys, Stronghold Investment Services
    • Category: Business
  19. Royal commission makes case for tax law simplification, says law firm

    and law that taxpayers are expected to comply with that has been announced but not even drafted let alone enacted.” Last year, an inquiry by the House of Representatives Standing Committee on Tax and Revenue called for a full review of Australia’s tax...

  20. ATO small biz treatment and debt recovery practices to undergo review

    impact on them. “Overzealous early debt recovery by the ATO can be a small business killer,” Ms Carnell said. “Our research last year into unfair treatment by the ATO found serious system-wide issues impacting the small business sector, including early...