Assuming last is required, the following 4049 results were found.

  1. ASIC flexes new powers as liquidator booted

    and insolvency services. Liquidators have been in the regulatory spotlight since ASIC’s new powers came into effect in March last year. The industry is also up for a tough time under ASIC’s new funding model. Registered liquidators will have to pay a...

  2. The end of financial year comes but once a year

    non-concessional contributions you’ll need to check on what the client has contributed this financial year as well as the last two years in case they’ve triggered the “bring forward rule”. And don’t forget that spouse contributions count against the...

  3. Ex-KPMG boss to chair new black economy advisory board

    chair, will lead the government’s new black economy advisory board. Mr Andrew, who chaired the black economy taskforce last year, will oversee a board that will include members of the private and public sector to provide strategic advice on trends and...

  4. CA networks announce partnership

    will be no staff changes as a result of the merger. Sothertons became affiliated members of the UHY Haines Norton network last year. UHY Haines Norton chair, Michael Coughtrey, believes it’s a tough market for mid-tier accounting networks looking to...

  5. Mid-tier snags big 4 exec

    sees the total number of new appointments and promotions of staff into leadership positions increase to eight over the last 12 months in the business advisory department, as Crowe Horwath looks to capitalise on the growing advisory market. “[Mr...

  6. FWO secures highest penalties for bookkeeping breaches

    were a major warning for businesses and the need for sound record-keeping practices in light of new laws passed late last year that have significantly increased sanction for record-keeping breaches. “The breaches by this Caltex franchisee occurred in...

  7. Exemptions granted as ASIC funding model row continues

    changes related to financial and professional services have received significant backlash. For example, legislation passed last week to make way for an 18-fold increase in fees for SMSF auditors, with ASIC intending to increase the SMSF auditor...

  8. Moore Stephens triples director appointments for FY19

    in new markets over the next 12 months. Moore Stephens added 12 new directors as of 1 July, up from four at the beginning of last financial year. This is the highest intake for a financial year in the network’s history. The appointments include a...

  9. Eligibility concerns linger as bill fails to clear Senate

    year has caused much uncertainty for practitioners and their corporate clients, with flow on impacts to shareholders. Late last year, the government introduced Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2018 to clarify that a...

  10. Government called on for CGT cuts, deduction caps for property

    in stamp duties for investors in higher value properties to a long-term (5–20 years) shift to a broad-based property tax.” Last year, The Industry Super Australia Assisting Housing Affordability Discussion Paper 2017 called for current stamp duties to...

  11. ASIC finds industry falling behind on new accounting standards

    should be particularly careful with as the new standards come into effect, and having released its focus area late last year. Of the 20 matters ASIC has sought explanations of, seven relate to revenue recognition, three to asset values and impairment...

  12. ATO to mobilise cash crackdown in Sydney

    or letter from the tax office highlighting the benefits of an electronic payment facility. This follows research by the ATO last month which showed that only one in five Australians continued to use cash for purchases. “This research indicates that the...

  13. ATO reminds tax agents of new penalties approach

    The ATO has changed the way it applies penalty relief, effective 1 July this year. As advised last financial year, the ATO decided that, from 1 July 2018, it will not apply penalty to tax returns and activity statements where eligible clients have made...

  14. ATO speaks on eligibility concerns for corporate clients

    line” test will replace the previous requirement that a company be “carrying on a business”. Speaking to Accountants Daily last week, Knowledge Shop tax director, Michael Carruthers said there is uncertainty over how the corporate tax rate and maximum...

  15. Win for accountants as new rego service rolled out

    month, the government launched its new streamlined Business Registration Service, following its successful public testing last year, allowing businesses to apply for multiple business and tax registrations at the same time online, reducing the average...

  16. ‘Large preparers to suburban accountants’ copped ATO audit

    of the profession” and have the right processes and checks in place; two, agents who are making “avoidable mistakes”; and lastly, a small number of 500 tax agents who fail to go by the law. “The second group, and that’s by far the largest, are those...

  17. $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...

  18. 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...

  19. 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...

  20. 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...