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

  1. R&D tax incentive changes snuck into omnibus bill

    during the consultation period, there were only minor changes between the draft legislation and the bill released last week. “The rationale behind these changes is to improve the effectiveness and integrity of the program. In practical terms, this means...

  2. The consequence of payroll errors

    outside their contracted pattern of work without sufficient documentation in place.” In order to correct the error, the last 8 years of handwritten timesheets will be scanned, indexed, entered into payroll software and rerun. The cost of which is $1.5...

  3. Intuit credits mobile focus for 160k subscribers milestone

    161,000 subscribers from the year in the 12 months to 31 July 2018. The growth has softened following an 89 per cent spike last year, which saw its subscriber base grow to just over 100,000 in 2017. Quickbooks Online subscribers worldwide now stand at...

  4. ASIC cops it as royal commission report released

    line. Some reassurance for accountants came from the architect of the Future of Financial Advice reforms, Bernie Ripoll, last month. Accountants Daily asked him if he fears smaller operators will bear the brunt of ASIC’s compliance action, given they...

  5. From accounting to bringing down the Taliban

    worked on misdemeanour crimes, narcotics, some violent crime and some gun cases,” he says. “I was there six years, and in my last three-and-a-half years I worked in the Public Corruption and Financial Crimes unit. That involved a lot of forensic...

    • Type: Article
    • Author: CPA Australia
    • Category: Business
  6. Technical hiccup sees anxious wait for CA students

    is front and centre to the association’s broader overhaul, spearheaded by chief executive Rick Ellis, who took office last year. ***Update*** CA ANZ has since issued the following statement: “The results for Financial Accounting and Reporting were...

  7. Labor franking proposal could spur risky investor behaviour

    for excess franking dividends have ramped up, with accountants called on to educate clients on the potential fallout. Last week, the House of Representatives Standing Committee on Economics announced an inquiry into the implications of removing...

  8. Proposed work test reform for recent retirees released

    balance below $300,000 to make voluntary contributions for 12 months from the end of the financial year in which they last met the work test. Treasury has now released draft legislation and regulations for the measure and is seeking feedback by 26...

  9. ‘A delicate balancing act’: ATO pushes for sub-$60k earners to self-lodge

    78 per cent of tax returns prepared by a tax agent required adjustments, compared to 57 per cent for self-preparers. Just last month, the ATO noted that 60 per cent of the 112,000 tax returns that required correction in the first two months of tax time...

  10. Technicalities flagged as new TPRS guidelines released

    cleaning and courier industries will require accountants to consider some “meaningful technicalities”, says one mid-tier. Last month, the Treasury Laws Amendment (Black Economy Taskforce No.1) Bill 2018 secured passage in the Senate, extending the TPRS...

  11. $1m in GST fraud lands director in jail

    in similar behaviour: if you break the law we will hold you accountable, even if it means pursuing you in the courts.” Last week, a New Zealand resident was sentenced to five years and 10 months in jail for fraudulently claiming GST refunds as a...

  12. “Treasure trove”: Accountants warned on data security

    weak links. According to the Australian Cyber Security Centre, over 6 million Australian adults were impacted by cybercrime last year, with the ATO reporting that over 81,000 scams were reported in 2017–18. As part of Stay Smart Online Week 2018, the...

  13. Dodgy sales software could cost $1m in penalties

    the use of electronic sales suppression tools will now attract penalties of over $1 million, following a change in law. Late last month, the Treasury Laws Amendment (Black Economy Taskforce No.1) Bill 2018 secured passage in the Senate, making it...

  14. $17.5 billion in lost super sees savings ‘eroded’

    in the NT. The latest round of postcode data also shows that Victorians had the biggest boost to their retirement savings last year, with a reduction of over $174 million in lost and unclaimed across the state. Mr Whyte said people often lose contact...

  15. R&D audits increase, documentation key for accountants

    in R&D activity would need to be aware of an increase in audit activity, following the introduction of proposed changes last month. “The key message is to be audit-ready because you will be audited. In the current round of amendments, the government is...

  16. Identifying the early warning signs of insolvency

    enlist the help of specialist business advisors. Insolvency isn’t the only option when a business is in trouble; it’s the last resort. By keeping an eye on these warning signs, business owners can act sooner if the business looks to be in trouble. This...

  17. IGT calls for power balance at ATO

    the ATO in response to concerns of too much power being held by the commissioner. In his valedictory speech in Melbourne last week, IGT Ali Noroozi said that the ATO should implement its recommendation of a management board to oversee the development of...

  18. Fast-tracked tax cuts could catch taxpayers out

    could throw up some significant curve balls for shareholders and companies who fail to plan ahead, says one mid-tier. Last week, the government announced it would accelerate the already legislated tax cuts for business under $50 million by bringing it...

  19. ‘Wide range’ of businesses clients captured by new TPRS regime

    of the taxable payments reporting system (TPRS) regime, which goes beyond the scope of the cleaning and courier industries. Last month, the Treasury Laws Amendment (Black Economy Taskforce No.1) Bill 2018 secured passage in the Senate, extending the...

  20. Contentious residency, CGT debate booted from Senate line-up

    about whether that day will end up being the final date to take advantage of the current law if you held the property at May last year.” While supporting the bill in principle of denying the main residence exemption to non-residents, Ms Jacobson is...