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

  1. 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...

  2. $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....

  3. 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...

  4. 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...

  5. ATO confirms changes to ‘bugbear’ reporting issue

    has heard that the need for agents to get a declaration each time they report on behalf of an employer is a “bugbear”. “Only last week, we had the commissioner sign off on a more streamline process there. It involves an STP engagement authority, where...

  6. Xero unveils Australasia initiatives for FY19

    we’re very committed to innovation.” This comes after Xero recently acquired document management software provider Hubdoc last month, with Mr Vamos hinting of further acquisitions down the road. “I’m really committed to extending our partnership into...

  7. New tax avoidance rules kick in, corporate clients on notice

    act quickly to determine if their corporate clients are impacted and transition before the deferred commencement date. Late last month, the Treasury Laws Amendment (Tax Integrity and Other Measures No. 2) Act 2018 (the act) received Royal Assent, giving...

  8. ATO flags alternatives, flexibility for next STP deadline

    Commissioner, John Shepherd, told Accountants Daily. “That was a learning from the pilot that we did with small business last year. The finding of that was that not all small employers would want to take up a payroll product, and also, the need to have...

  9. What is the future of the finance function?

    of auditors when blockchain technology is widely used? A third of the audit graduate intake of an Australian big four firm last year did not even have an accounting background. When machine learning takes over, the displaced human accountants must...

  10. Over $53m worth of tax time errors detected so far

    or by taxpayers themselves, with over $11.9 billion in refunds processed, $270 million more compared to the same time period last year. However, according to ATO commissioner Kath Anderson, the tax office had to correct more than 112,000 tax returns,...

  11. Tax experts contemplate small business tax cut plans

    experts. Following the failure to secure passage of the remainder of the corporate tax cuts for businesses over $50 million last month, ex-prime minister Malcolm Turnbull said the government would instead focus on enhancing its tax plans for small- to...

  12. Alternative to tax cuts floated amid Senate stalemate

    that Labor has proposed. With the second tranche of tax cuts for businesses over $50 million shot down in the Senate last month, the government has announced that it will not be taking the policy to the next election, instead focusing on accelerating...

  13. The mismatch we face in financial advice

    who give holistic advice on their business and personal circumstances. As we have told FASEA in our submissions over the last couple of months, the public interest will be best served by retaining accounting professionals in the financial advice...

  14. Accountants urged to stay alert as dodgy directors in government’s sights

    “Tax debt is a common catalyst of a failing business. The main reason is that failing businesses usually defers tax payment last and prioritise trade creditors, which can allow the business to continue trading. Unfortunately this strategy often fails,...

  15. ATO to up work-from-home focus this tax time

    Anderson said a record $7.9 billion in deductions for ‘other work-related expenses’ were claimed by 6.7 million taxpayers last year, with the tax office noticing a rise in expenses related to working from home. “There is a rising trend of employees...

  16. Senate passes $20,000 instant asset write-off extension

    Guarantee Amnesty. Today's announcement comes three months later than the announcement to extend the write-off for FY18 last year. While the extension would be welcome news to small business owners, there have been calls in the industry to consider...

  17. Hundreds join new ATO portal trial, roll-out date still under wraps

    account balances; a better view of clients’ obligations and tax history, including debt and payment plan information for the last 10 years; and an overview screen that lets you quickly see what lodgement and payment obligations need action for your...

  18. Tax experts highlight data disruption

    to keep on top of the changing tax landscape. “In terms of universities, we can’t teach tax the same way we have over the last 30 years. I think the analysis of data, the use of data has to be integrated into the syllabus so that people not only become...

  19. Popular property strategy hits tough times

    billion, of new home loan approvals, according to the latest data from APRA. This represents a 54.9 per cent dive in the last quarter. Interest-only loans are often encouraged as a way to maximise cash flow when building a property portfolio, as opposed...

  20. 5 tips to getting BEPS right every time

    of the Australian Taxation Office (ATO) local file as part of the BEPS Action 13 requirements, which came into effect last year. This is especially the case given the ATO has made some changes to the local file for Year 2 lodgements. Some of the...