Assuming last is required, the following 4056 results were found.

  1. Tax agents, auditors targeted in SMSF non-lodgment crackdown

    be dealing with around 39,000 SMSFs in relation to non-lodgment issues. The ATO undertook a review of persistent non-lodgers last year, identifying around 49,000 funds who had two or more years of outstanding returns. “By July this year, we had worked...

  2. ‘Please do not panic’: ATO boss addresses STP concerns

    low-cost solutions. We are a capable bunch of people in Australia, and we will certainly take a reasonable approach.” Last month, the ATO began seeking expressions of interest from digital services providers to develop Single Touch Payroll software for...

  3. Major bank unveils invoicing product

    from Deloitte Access Economics said e-invoicing could result in economy-wide benefits of up to $28 billion over 10 years. Last month, Treasury released a discussion paper consulting on the e-invoicing governance arrangements between the Australian and...

  4. CA ANZ backs latest round of education changes

    guidance put forward by the Financial Adviser Standards and Ethics Authority, citing a similar assessment to its CA Program. Last week, FASEA released a legislative instrument for consultation that covers, in detail, what further education existing...

  5. New laws targeting tax deductions for non-withholding businesses

    legislation removing tax deductions for entities who fail to comply with their withholding obligations are set to kick in. Last week, the Treasury Laws Amendment (Black Economy Taskforce Measures No. 2) Bill 2018 passed both Houses, introducing new...

  6. Accounting bodies speak against franking credit proposal

    is no investment that guarantees you a profit or a return so we can’t guarantee that what investors have received over the last decade is going to continue unfettered into the future. “Certainly if you’re already retired you have very limited options...

  7. ‘Biggest structural reform’ to SME finance gets thumbs up

    has welcomed the government’s introduction of a new small business financing scheme off the back of its lobbying efforts. Last week, Treasurer Josh Frydenberg announced that the government would introduce a $2 billion Australian Business Securitisation...

  8. 40k funds to face compliance scrutiny for non-lodgment

    Dana Fleming said the Tax Office would be dealing with about 39,000 non-lodging SMSFs following its work with such funds last year. “I can’t emphasise how seriously we take the lodgment obligation to lodge an SMSF's return annually – this provides us...

    • Type: Article
    • Author: Jotham Lian
    • Category: Super
  9. Foreign qualifications get the nod in new education guidance

    between 2016 and 2018, making December this year the final deadline. FASEA’s latest round of guidance was released on Friday last week, you can read about how it impacts accountants here. [email protected]

  10. New platform capitalises on accountants’ AFSL woes

    OpenInvest platform, which facilitates retail investor access to a market of fund managers, launched at an event in Sydney last night. One of its co-founders, former Praemium director Andrew Varlamos, said the concept was partly motivated by an advice...

  11. ATO defends ‘front door’ program

    to interview certain trustees, to ensure the integrity of the sector is upheld. Speaking at the SMSF Summit in Melbourne last week, ATO assistant commissioner Dana Fleming said the agency’s “secure the front door” program, a compliance program used at...

  12. TPB confirms rego termination for jailed agent

    it terminated the registration of the Sydney tax agent jailed for tax fraud and money laundering ahead of his sentencing. Last week, the Sydney District Court sentenced Md Zahidul Kabir to five years in jail after being convicted of taking more than...

  13. Passwords a ‘scary’ weakness in accounting firms

    for various platforms, or using autofill passwords is catching out even the most cyber safe accounting firms. As reported last week, the legal, accounting and management services sector provided the OAIC with the third highest number of data breach...

  14. Accountant steps up in Melbourne Bourke St tragedy

    raised by the general public for the Melbournian man who helped confront the Bourke Street attacker with a shopping trolley last week. Michael Rogers, who is believed to be homeless, attempted to help police officers by confronting the knife-wielding...

  15. ASIC reveals reasons behind insolvencies in FY17-18

    Inadequate cash flow and poor strategic management of business were the biggest causes of failed businesses in the last financial year, with over 5,000 reports alleging insolvent trading. Small to medium size corporate insolvencies dominate external...

  16. Why courage is the backbone of audit

    Last week, over 6,000 finance and accounting professionals from around the world came together in Sydney to discuss the key global challenges and opportunities affecting the profession, including what audit means in today’s modern business environment....

  17. North American interest boosts strong M&A results

    led to a valuation increase for Australian assets, creating increased competition for Australian PE firms,” said Mr Sonego. Last week, EY’s Australasian Capital Confidence Barometer found that a record 99 per cent of Australian executives believe the...

  18. ‘Name and shame’ proposal for tax dodgers cops backlash

    and entities connected to illegal phoenix activities has its merits but more needs to be done, says industry voices. Last week, Labor announced that if it came into government, it would introduce measures to allow the commissioner of taxation to “name...

  19. New payment time review underway

    Education Michaelia Cash for advice on the effect these payment practices are having on small and family businesses. Last year, the ASBFEO released its final report on payment times, finding that Australian and multinational companies are increasingly...

    • Type: Article
    • Author: Reporter
    • Category: Business
  20. Opportunity for accountants as financial advisers reach ‘distrusted’ rating

    opportunities to accountants giving advice. The 2018 Financial Advice report by Investment Trends has revealed that over the last 12 months, trust levels have fallen most severely for banks and financial planners to below five out of 10, and into the...