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

  1. Additional rules surface with stapled structures clampdown

    the extension of the scope of the non-arm’s length income rule and to introduce a concessional cross-staple rent cap. Late last month, the government released exposure draft for Treasury Laws Amendment (Making Sure Foreigners Pay Their Fair Share of Tax...

    • Type: Article
    • Author: Reporter
    • Category: Tax
  2. ATO sets sights on 200,000 taxpayers with short-term rentals

    tax consequences before jumping into the short-term rental market space. “This type of short term rental has boomed in the last few years and many people have gone into it without thinking through the tax consequences. It might seem obvious to those of...

  3. Proposed R&D changes labelled complex, uncompetitive

    program. “There is this constant tweaking. It causes instability in the market because people just don’t know if it’s the last change and if it’s stable. How do you budget your five or six-year innovation spending like that, what does the roadmap look...

  4. Pay gap up to $40k in Sydney accounting firms, study finds

    static while men saw an increase of $4,000, causing the salary gap to increase to 18.28 per cent, up from 13.98 per cent last year.” While salaries at the support level were on par, this was the only role level where women outnumbered men. “Nearly 70...

  5. Dob in dodgy competitors, ATO says pre-tax agent strike

    the industry following the landmark individual tax gap report. The ATO’s individuals not in business tax gap report released last month, revealed an $8.76-billion tax gap, with tax agents in the firing line as its random enquiry program showed tax...

  6. Accountants hang on despite ratings crash for finance sector

    in a row, banking, finance and insurance was the lowest category in the Index. Its net score has dropped dramatically from last year with a score of -15. It has never before scored this badly — 55 per cent of respondents consider the sector unethical...

  7. High Court ruling offers relief over franking arrangement

    Supreme Court of Queensland of a franking credit streaming arrangement has been labelled a “relief” by one mid-tier firm. Last week, the High Court held that in Federal Commissioner of Taxation v Thomas & Ors, the provisions in subdivision 207-B ITAA...

  8. Tax dodging sees accountant banned in $1.4m mess

    disqualified Jason Andrew Hammond from regional NSW after his involvement in three failed companies. The ban took effect last week, and will extend to 2023. The corporate regulator found, among a list of items, that Mr Hammond failed to pay tax and...

  9. Accountants tipped to benefit from competition boost

    more competition in the banking and loans sector, as accountants and small business increasingly struggle to secure finance. Last week, the government released draft legislation to introduce a Consumer Data Right (CDR), which will provide individuals...

  10. Clients' financial literacy helps super funds pounce: royal commission

    vulnerable to exploitation, flagging several concerns with the industry’s structure. In his concluding remarks at the end of last weeks’ public hearings on superannuation, Mr Hodge said the evidence heard by the royal commission during its fifth round...

  11. Corporate clients urged to sit tight for tax rates despite new guidelines

    of the current sitting of Parliament before determining their tax and franking rate, despite the ATO’s new draft guidelines. Last month, the Tax Office released draft practical compliance guideline PCG 2018/D5 outlining its compliance and administrative...

  12. Fed court decision a lesson for bookkeepers

    leave is a lesson to bookkeepers to advise on the careful examination of applicable modern awards, says one association. Last week, the full federal court upheld a decision that casual truck driver Peter Skene was entitled to leave provisions under the...

  13. MYOB set to scrap accounting desktop product

    cent of paying users are still on AccountRight Classic. He told Accountants Daily the bulk of new users, about 94 per cent last year, opt for online-only services. Mr Reed also said this move is “absolutely” in line with MYOB’s broader plans to cease...

  14. Contentious bill passes Senate, key tax questions answered

    their return for the 2018 income year. “There may be some companies in the early stage of this compliance season in the last six to eight weeks, that have already lodged a 2018 company tax return, based on the current law that applies right now but as...

  15. ‘Great deal of uncertainty’ with tax measures on hold

    Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2017 and the defeat of the hotly debated corporate tax cut plans last week, a backlog of bills continue to sit before the Senate. Speaking to Accountants Daily, TaxBanter senior tax trainer, Robyn...

  16. Accountants’ exemption lobby hits scepticism

    for consumers of financial services,” the Office of former minister for Revenue and Financial Services, Kelly O’Dwyer, said last week in a statement to Accountants Daily. “The government will continue to engage with all stakeholders to ensure the...

  17. Revenue at risk as ASIC hints at changes to grandfathering

    irrespective of consumer outcomes, adviser business outcomes and particularly given the political environment we’ve seen last night and today, my expectation is that when the royal commission makes its recommendations … that the government will be in no...

  18. $2.3m in scams, dodgy contracts sting taxpayers, businesses

    he said. Accountants and financial advisers have told Accountants Daily they’ve come close to being stung by a scam in the last 12 months, given how advanced the strategies of cyber criminals are. You can read more about their experiences here....

  19. Doubts linger over incoming SG legislation

    for SG, yet you haven't satisfied payroll tax, you might then get a knock at the door later.” Impact on clients As reported last week, some bookkeepers are finding clients are actively enquiring about the amnesty and are working under the assumption...

  20. Incoming changes for directors a ‘step in the right direction’

    that rogue operators, including dodgy accountants, could still bypass checks and fraudulently register clients as directors. Last week, more than 45 service providers, clients, employees and alleged “dummy directors” of phoenix companies connected to...