Assuming last is required, the following 4011 results were found.

  1. $150k instant asset write-off extended for 6 months

    asset write-off has seen its threshold bumped up in recent times, moving to $25,000 and then $30,000 in the build up to last year’s federal election, before jumping to $150,000 as part of the government’s first round of stimulus measures in response to...

  2. Accountants eye potential SMSF pool

    a new report shows. Despite a substantial fall from the number of SMSFs established from a high of 40,000 in 2012 to 20,000 last year, Investment Trends’ 2020 SMSF Accountant report shows that accountants estimate that a further one in eight of their...

  3. Government won’t rule out early JobKeeper withdrawal

    to defend the government’s decision to end JobKeeper for the childcare sector after Prime Minister Scott Morrison had just last week guaranteed that the scheme would be in place until the end of September. The Treasury’s figures have revealed there are...

  4. Consider 25-year loans amid Div 7A uncertainty, says law firm

    yearly loan repayments to alleviate the cost of Division 7A loans during the COVID-19 crisis period. The ATO indicated last month that the commissioner “will soon be issuing further guidance”, but no timeline has been provided yet.

  5. Mid-tier appoints joint audit chairs

    would be successful, and thanked Mr Bradby for growing the firm’s audit and assurance practice during his time. “Over the last 10 years, Steve has been integral in the practice’s growth across Australia and New Zealand. However, at PKF, we know that...

  6. Tax time 2020: ATO flags work-related hotspots

    claims. ATO assistant commissioner Karen Foat has now urged taxpayers to reduce claims for work-related expenses in the last quarter of the 2019–20 year that would have been impacted by government-mandated restrictions imposed as a result of COVID-19....

  7. Former KPMG partner banned over tax evasion scheme

    the registration termination of Christopher Phillip Allenby, a former partner of KPMG Sydney. Mr Allenby, who left KPMG late last year after close to 26 years at the firm, will also be barred from reapplying for registration for a period of three years....

  8. Cerebiz cloud tools for MYOB and Xero go beyond accounting

    cloud based, browser and mobile analysis and reporting for GT’s clients. Here, Christian talks about the GT journey over the last several years in looking for a solution to replace their spreadsheets. 'One of the issues that we identified a long time...

    • Type: Article
    • Author: Cerebiz
    • Category: Business
  9. Cash-flow boost amendments, instant asset write-off extension tabled

    $150,000 instant asset write-off threshold for a further six months until 31 December 2020, as announced by the government last week. The extension will allow businesses with an aggregated turnover of less than $500 million to claim an immediate...

  10. Accounting network expands Victoria offering

    to continuing on delivering the services that Ross Group small and medium business clients had come to expect over the last 30 years. “I’m looking forward to working with Ashley and the team to continue to deliver exceptional service to our clients and...

  11. Parliamentary deadlock exacerbates FBT, GST definition anomaly

    FBT exemption for licensed taxis will not extend to ride-sharing providers such as Uber. The ATO confirmed that view in July last year, putting it at odds with the definition of a taxi in the GST Act. Since a Federal Court decision in 2017, ride-sharing...

  12. Using journals to make Div 7A loan repayments

    deemed dividend because the MYR is taken not to be made In practice There has been a renewed focus by the profession in the last decade on making trustee resolutions by 30 June. Equal regard should be given to the declaration of dividends. It is...

    • Type: Article
    • Author: Robyn Jacobson, The Tax Institute
    • Category: Business
  13. Deloitte shores up ‘long-term sustainability’ with 700 job cuts

    situation.” Job losses across the big four Deloitte’s announcement comes after rival firm PwC announced 400 redundancies last week, while KPMG moved to cut 200 roles at the start of April. However, at 7 per cent, Deloitte’s job cuts are now the largest...

  14. KPMG repays COVID-19 pay cuts on the back of solid FY20 results

    for four months running from May to August, with equity partners seeing a 36 per cent reduction. “This performance in the last three months of FY20 means we are pleased to be able to repay one-third of employee salary reductions in May and June 2020....

  15. Everett assignment guidelines limbo drags on

    use of related-party financing and self-managed super funds. The latest extension comes after it announced a similar move last year, with the ATO continuing to work on new guidelines since early 2018. The ATO notes that taxpayers who rely on the...

  16. Tax time 2020: ATO homes in on rental deduction claims

    claims continue to be a focus point for the ATO leading into tax time 2020, with the agency doubling its in-depth audits last year on the back of findings that nine out of 10 claims contained an error. With more than 2.2 million Australians claiming...

  17. CA ANZ secures NSW master’s degree partnership

    year. CA ANZ had first trialled incorporating its program into university curriculum with Victoria University in New Zealand last year. “We’re thrilled to be furthering our ongoing relationship with Chartered Accountants ANZ by offering our students a...

  18. ‘Everyone is now on notice’: ATO acquires COVID-19 data on 3m Aussies

    to acquire the data of 3 million Australians from Services Australia as it doubles down on the COVID-19 compliance front. Last week, the ATO published a gazette notice informing that it would now acquire data from Services Australia, formerly the...

  19. This Payroll Platform Could Be A Gamechanger

    advisors is the relationship with their clients. Ensuring you recommend a product that does what it says, is key: “Over the last few years we’ve worked incredibly hard to create a great payroll system. It has proven to speed up and streamline payroll...

  20. New Div 7A interest rate released

    The new interest rate has now been made publicly available on the ATO’s website, and comes after the Tax Office announced last year that it would no longer publish eight of its 12 annual taxation determinations. Instead, it will only make the...