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

  1. CA ANZ, CPA reveal advice advocacy plans

    to the return of the accountants’ exemption in its joint submission to Treasury’s review of the TPB with CPA Australia last month. In a recent Accountants Daily Insider podcast, CPA head of public practice Keddie Waller shed further light on the...

  2. Tax agents are not ‘abusers’ of the tax system, says association

    work-related expenses, arguing that practitioners are doing their best to navigate an increasingly complex tax system. Last week, TPB chair Ian Klug revealed plans to target 2,000 “highest risk practitioners”, after its analysis showed that they were...

  3. ‘For God’s sake, leave super alone!’: Bill Kelty

    trade unionist, Labor Party member and former RBA board member Bill Kelty noted that “not one word was said in the last election about moving super to 12 per cent”. “Not a single word from any candidate anywhere in the country, to the best of my...

    • Type: Article
    • Author: James Mitchell
    • Category: Super
  4. Business $10k cash limit bill progresses

    was passed by the House of Representatives. The Currency (Restrictions on the Use of Cash) Bill 2019 passed the lower house last week and has since been referred to the Senate Economics Legislation Committee for further inquiry. The proposed measure...

  5. CA ANZ details audit improvement plan

    largest firms. “Organisations across the private and public sectors have come under major scrutiny, particularly over the last three years,” said Amir Ghandar, CA ANZ reporting and assurance leader. “Clearly, a more integrated and consistent approach to...

    • Type: Article
    • Author: Reporter
    • Category: Business
  6. ATO considers non-compliance notices for lapsed lodgers

    up over 10 per cent of the SMSF population, totalling 71,000 funds. “They represent $44 billion of super according to their last return lodged, that we don’t know what is happening with,” she said. She added that the reasons for lapsed lodgement...

  7. So you want to be a CFO

    communicate this and get buy-in at the company/board or management level then it’s like losing the 100-metre sprint in the last few seconds. Traditionally our industry hasn’t focused on this area as much as the technical but when you are standing in...

    • Type: Article
    • Author: Sarah Lawrance, Hot Toast
    • Category: Business
  8. Government called to consider apportionment for CGT main residence exemption bill

    to capital gains tax exemptions continue to be raised, with the government urged to consider rules around apportionment. Last month, the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 was introduced in...

  9. Risks abound in small business CGT exemption

    of less than $2 million — there is also the need to prove that ownership requirements have been satisfied for at least the last 15 years,” Mr Busoli said. “If you take the exemption, you have an extremely high probability of incurring an ATO audit, so...

    • Type: Article
    • Author: Sarah Kendell
    • Category: Tax
  10. Commissioner called to explain changes to position on commercial debt forgiveness

    provide greater clarity over various circumstances dealing with its new interpretation of commercial debt forgiveness rules. Last month, the Commissioner of Taxation released Draft Taxation Determination 2019/D9, close to eight months after it withdrew...

  11. Accountants’ ethics rated despite tanking finance sector

    per cent). In stark contrast are local members of federal parliament, state parliament and local councillors, who tied in last position with just 39 per cent.

    • Type: Article
    • Author: Reporter
    • Category: Business
  12. ATO details myGovID implementation roadmap

    a special classification of people and we are collecting some extra evidence for that classification. “They will be the last group that we will onboard, so there’s no point in them trying to get a myGovID today because they can’t, and there’s no point...

  13. ‘The picture it paints is not completely true’: 80% of agent-prepared returns adjusted

    and that takes time. So, the current results might not reflect all the recent activity that the ATO has put in this year and last year,” Mr Greco said. “The ATO is as much at fault as everyone else — they’ve allowed this to happen. It’s been happening...

  14. Catch-up contributions reignite attraction of TTRs

    and in 2020 it’s already up to $40,000 because they get the $25,000 standard cap plus the $15,000 unused amount from last year.” Mr Day said allowing for five years’ worth of unused contributions to be carried forward, it was common for high-income...

    • Type: Article
    • Author: Sarah Kendell
    • Category: Super
  15. $21m tax scheme forces ATO to make system changes

    tax fraud, such as the Western Australia scheme where 700 taxpayers attempted to claim $21 million, from happening again. Last month, reports from Derby, Fitzroy Crossing and surrounding areas in the Kimberley region in remote WA revealed a large-scale...

  16. Top 10 suburbs reporting greatest super loss

    10 postcodes contributing most to the $20.8 million in lost and unclaimed super across the country. Data released by the ATO last week found there is over $20.8 billion in lost and unclaimed super across Australia. “Often people lose touch with their...

  17. FBT changes hit car parking arrangements

    fringe benefits taxation ruling could see more business clients subject to fringe benefits tax, says one mid-tier firm. Last week, the ATO released draft taxation ruling 2019/D5, detailing conditions considered as providing a car parking benefit. The...

  18. Carbon launches Melbourne accounting offering

    Igor Hnatko will join Carbon Group as a partner and team up with Allison Gardiner, who has led the Melbourne team over the last couple of years. “In my view, the key to help my existing clients and future clients supercharge their growth and benefit...

  19. Are federal policies working against small businesses?

    cent, respectively. Conversely, support from Queensland SMBs has seen the most positive change, growing by 5 per cent from last quarter to 36 per cent. Positive sentiment across all other states held steady quarter on quarter, except for Western...

    • Type: Article
    • Author: Cameron Micallef
    • Category: Business
  20. ‘PDF is not e-invoicing’: ATO explains new payment experience

    $30.87 to process a paper invoice, $27.67 for a PDF invoice, but only $9.18 to process an e-invoice. Where we are now Late last month, the ATO was established as the Australian PEPPOL Authority, an e-invoicing framework being used in 34 countries...