Assuming last is required, the following 4010 results were found.

  1. $472k in recoveries shines light on alternative reporting systems

    triggered some in the industry to consider the benefits of more broadly rolling out the taxable payments reporting system. Last week, the FWO revealed its recovery of $471,904 for 616 workers along the East Coast after auditing businesses in breach of...

  2. Real-time ATO, tax agent interaction tipped to escalate

    with the tax office on the very day they were incurred, as the ATO seeks to close the $8.7 billion individual tax gap. Last week, the ATO released its individual tax gap report, citing a higher number of adjustments to tax agent-prepared claims as...

  3. Tax agents called on to correct investors, salary earners' slip-ups

    nexus of the claims; and claiming only work-related expenses and correctly apportioning claims between private and work use. Last week, the ATO released its Individuals not in business tax gap report, finding that 72 per cent of the 868 cases in its...

  4. SMSF clients take a hit as more lenders exit

    loan to value expectations, as foreshadowed by specialist brokers like Thrive Investment Finance's owner Samantha Bright last year. Most recently, Ms Bright said off-the-plan purchases are becoming increasingly difficult to finance, with lenders either...

  5. Lenders, specialist brokers boosted by tough borrowing market

    for accounting and financial planning firms. The firm has had the lion’s share of its growth and market penetration in the last four months, two years on from its launch. “We’re finding our clients, who are pretty safe operators, are happy to explore...

  6. Tax agent conduct findings released for first half of 2018

    been the ongoing focus of the ATO’s tax time crackdown this year. In contrast, the ATO’s individual tax gap report released last week suggests that tax agents are contributing to the $8.7 billion tax gap, with 78 per cent of agent-prepared tax returns...

  7. HLB Mann Judd makes local and international appointments

    was made internally and to clients yesterday, with the appointments flagged at the network's annual Australasian conference last month. HLB Mann Judd Australasian Association chair, Tony Fittler, said the appointments were a natural progression...

  8. Income tax focus ‘coming back to haunt us’, govt report shows

    of Commonwealth taxes shows the country’s focus on personal income taxes is beginning to compound into a systemic problem. Last week, the PBO examined the broad trend within the Commonwealth tax system since 2001-02, spotting an over-reliance on...

  9. Property tax changes catching clients out this tax time

    expenses, and plant and equipment depreciation in relation to their investment properties, according to H&R Block. Late last year, new rules around tax deductions for travel expenses associated with residential property investments, and restriction of...

  10. Avoid another myGov fiasco: Govt urged to listen to accountants on ABN reform

    government to tap into the large pool of accounting professionals to aid in its plan to reform and modernise the ABN system. Last week, the government released a consultation paper covering recommendations from the Black Economy Taskforce, including...

  11. CPAs scramble as 90-day notice period, education deadlines loom

    the closure of CPA Advice, and was not investigating compliance concerns as it was with Dover, which announced its closure last month. “Usually it takes time to hand back a licence, which is what I assume CPA Advice is going to be do. The cancellation...

  12. TPB joins chorus of ‘cowboy agents’ warnings

    practitioners. The Treasury Laws Amendment (Enhancing Whistleblower Protections) Bill 2017 was introduced in Parliament late last year, and if passed, will see a single whistleblower protection regime covering the corporate, financial and credit...

  13. CPA ‘vanity project’ spotlights accountant, licensee frictions

    member, if the Institute set up a financial advice business to compete with my practice I’d be absolutely livid. The last thing a professional expects or wants is for their own professional body who regulates your conduct to start competing with you,”...

  14. ATO releases new guidelines on tax uncertainty for corporate clients

    the distribution statement to shareholders on franked dividends which is very similar to what the ATO did around this time last year with all the uncertainty as well and I guess it does provide a bit of comfort that if you have to change franking...

  15. KPMG acquires consultancy in innovation push

    the acquisition of UDKU was in line with CMBA’s targeted growth. CBMA has made several high-profile appointments over the last few months, including former Publicis Communications chair and Publicis Australia chief executive Andrew Baxter, Louise...

  16. New board appointments announced at IPA

    things more up to date and easier to deal with.” The appointments follow the addition of three new directors announced late last year, including Dr Michael Schaper, former deputy chair of the ACCC; Julie Williams, principal of Insolvency Solutions; and...

  17. ATO dispels top tax time myths to clients as clampdown rolls out

    at events; or claiming all holiday travel expenses when only a few days are in relation to a conference or work. This time last year, mid-tiers like Moore Stephens and HLB Mann Judd shared common client misconceptions to watch out for. You can read more...

  18. Tax advice still core despite financial services gains, PwC says

    Australia has delivered a 10.8 per cent revenue growth to $2.35 billion for the 12 months to 30 June this year, edging out last year’s results of a 10.4 per cent growth. PwC chief executive Luke Sayers attributed the growth to “unsurprisingly strong”...

  19. Formal access powers used in ATO, tax agent showdown

    the $8.7 billion individual tax gap. This report followed persistent public lashings from ATO commissioner Chris Jordan from last year onwards, about tax agents facilitating incorrect work expenses claims for clients. In today’s statement, the ATO also...

  20. ‘Clients might be facing a tax bill’: Defined benefit income changes flagged

    Daily, RSM partner Katie Timms said the changes were the other half to the transfer balance account changes which kicked in last year. “The problem that they had when looking at defined benefit income streams is that they actually don't have an account...