Assuming last is required, the following 4011 results were found.

  1. Small business slips on lodgement deadlines

    On-time lodgement slipped slightly for small businesses last financial year while debts owing spiked, prompting the ATO to consider new strategies to encourage compliance. In the 2016/17 financial year, 75 per cent of small businesses lodged their...

  2. Massive drop in BAS agent knockbacks, cancellations

    versus 1,646 in the year prior. There was also a drop in the number of applications that were formally rejected by the TPB last financial year. The TPB formally rejected only one BAS agent application in 2016/17 versus 17 in the year prior. “It has now...

  3. ATO records jump in prosecutions, debt

    The tax office’s annual report shows there was an increase in prosecutions last financial year for individuals and companies as well as a spike in small business debts, while debt collection activities broadly took a hit during extended digital...

  4. Spike in tax practitioner complaints in ‘challenging year’ for TPB

    tax (financial) adviser program, costing $846,411. The TPB has cited, on several occasions in the annual report and in the last 12 months broadly, that this program is a significant resources drain. IT upgrades also posed issues for the regulator, as...

  5. ASIC pinpoints accountants, auditors, liquidators in FY17/18 plans

    of clients over quality of work. Consistent with its surveillance work since the phase-out of the accountants’ exemption last year, the corporate regulator will be targeting those accountants who are new to the AFSL regime. Enforcement activity will be...

  6. Industry at odds over new ATO reporting model

    of the SMSF sector and I think they should be commended for that,” Mr Burgess told delegates at the SMSF Summit in Brisbane last week. “But I’ve got to say, what a shemozzle we are in when it comes to events-based reporting,” he said. “Once we start...

  7. Win for clients in ATO expenses backflip

    a popular meals expense after consultation with tax and industry professionals who opposed its initial removal. Late last week, the tax office confirmed it has reinstated the meal-by-meal approach for truck drivers who claim travel expenses for meals....

    • Type: Article
    • Author: Reporter
    • Category: Tax
  8. Tax agent knocked back, follows CAANZ, court findings

    fitness and propriety,” he said. Tax agent registration has been the subject of the TPB’s regulatory activity this and last financial year. Though tax and BAS agents are like are largely compliant, there have been some problem cases which have prompted...

  9. ‘A bad thing times 10’: ATO set for new blitz

    50 per cent of the fund goes to the government, good bye,” Mr Dickinson told delegates at the SMSF Summit in Adelaide last week. “We don’t want to make these people non-complying and we don’t want to disqualify them. But we cannot allow a significant...

  10. Government cites bookkeepers in 'thriving' SME figures

    in the release of the latest Sensis Business Index, which has shown an uptick in small business confidence for the last quarter. According to the Index, which tracks the activity and confidence of about 1,000 regional and metropolitan Australian SMEs, a...

    • Type: Article
    • Author: Reporter
    • Category: Business
  11. Pay slips, record keeping top FY16/17 contraventions list

    Last financial year, two-thirds of the Fair Work Ombudsman’s court cases involved alleged record-keeping or pay slip contraventions, and the regulator notes a significant spike in penalties received. According to its annual report for 2016-17, the FWO...

  12. ‘We want to expand’: National network brings firm total to 21

    Wayland board approved the application of Melbourne-based accounting and advisory firm, Rose Partners, to join its network last week. The internal Walker Wayland network has been notified, and staff and management have now transitioned to the Rose...

  13. Working with advisers - 5 tips for effective collaboration

    collaboration has become heightened due to recent industry changes, such as the dissolution of the accountants’ exemption last year and changing customer preferences. Clients are time-poor and don’t want to have identical conversations with different...

    • Type: Article
    • Author: BT Financial Group
    • Category: Business
  14. ‘We hid from the issue,’ ATO says amid fresh compliance push

    hid from the issue of asset valuation,” said superannuation director Howard Dickinson at the SMSF Summit in Adelaide last week. “We can no longer hide from asset valuations. We need to know that they are being appropriately monitored and managed,” he...

  15. ‘Back the right horse’ as niche products boom, accountants told

    finding. In the 40-odd years that Smithink's founding director David Smith has been in the accounting industry, he says the last 10 have seen some of the most significant movements in terms of technology development, and in the attitude of accountants...

  16. CPAs pushing past ‘big elephant in the room’

    CPA Australia brand into the financial planning realm, which has been marred by high-level controversy and scandal for the last five years. “There is such a negative undertone in financial planning in general, it had a huge impact on the overall CPA...

  17. ASIC swoops as three firms fail on obligations

    liquidator. ASIC will hold the form in escrow and cancel his registration upon the earlier of the finalisation of Mr Angus’ last external administration or 31 January 2018. Mr Angus will be required to take reasonable and necessary steps to finalise all...

  18. Winners announced for inaugural awards

    Adviser’s head of partnerships, Terry Braithwaite. The South Australian winners were announced at a gala dinner in Adelaide last night. A full list of the winners can be accessed here. “Congratulations to all of the finalists and winners for their...

    • Type: Article
    • Author: Reporter
    • Category: Business
  19. Big 4 reveals tax functions findings for Aussie firms

    The survey also found that 68 per cent of tax function effort was still taken up by compliance, a level unchanged since EY’s last study in 2014. More than a quarter spent half their time getting data ‘fit for purpose’ and only 27 per cent were satisfied...

  20. Tech survey reveals accountants’ gripes, ‘dramatic’ shifts

    across Australia - are now mostly operating on Windows 2010, 2013 and 2016. Use of Microsoft Office 365 has doubled in the last 12 months. “Unfortuntately for me, Google Apps is still not getting very far,” founding director of Smithink and ATSA, David...