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

  1. Investment strategy breaches tipped to see rise in disputes

    fail to meet the requirements, this is one area that could see an increase in legal disputes, warns a technical expert. Last year, the ATO wrote to 17,000 SMSF trustees who had more than 90 per cent of their assets in a single asset class and their...

  2. Victorian small business grants now income tax free

    means the scheduled major step for most businesses to reopen on 26 October will now likely be brought forward by a week. The last step to reach “COVID normal” will also no longer be defined by a calendar date but will require zero new cases in the...

  3. Government reveals $800m digital business plan

    of electronic invoicing by 1 July 2022 for all Commonwealth government agencies. This comes after the government announced last year that it would adopt five-day payment terms on contracts where both the government and a business are using the...

  4. Morrison government fronted on $1.5bn accountant advice scheme

    in almost a century, and the announcement of measures such as the complex insolvency reforms announced by the government last week,” Mr O’Connor said. “Businesses are already closing, workers are already being laid off and many vulnerable Australians...

  5. Senator Hume flags further possible relief for advisers

    address ahead of the AFA National Conference later this month, Ms Hume said she had spoken to “hundreds” of advisers in the last year and had been listening to their concerns around regulatory change. “Progress has been made and there’s more to come,”...

  6. Income tax cuts tipped to be brought forward, backdated

    Labor has also indicated that it will throw its support behind the brought-forward stage 2 cuts. “We, of course, argued last year that stage 2 of the tax cuts should be brought forward. So, there will be nothing surprising if we took a position...

    • Type: Article
    • Author: Reporter
    • Category: Tax
  7. CGT exemptions set to apply to granny flat arrangements

    The change comes after the Board of Taxation completed its review of the tax treatment of granny flat arrangements late last year, recommending that the government provide an exemption for all CGT events that are hypothetically capable of applying to...

  8. ‘Fantastic outcome’: Government clarifies corporate residency rules

    High Court decision in Bywater Investments Ltd v Federal Commissioner of Taxation. “This is a fantastic outcome after the last few years of uncertainty following the Bywater case and it substantially reinstates the position in withdrawn Tax Ruling...

  9. Big business payment times set to be made transparent under new law

    reporting framework officially passes Parliament. The Payment Times Reporting Bill 2020, which had been passed by the Senate last month, has finally passed both houses this week. The new measure will require large businesses with an income threshold of...

  10. Audit pools may ‘ultimately fail’, audit firms warned

    issues relating to quality, delivery and fees, warns Hayes Knight. ATO director, SMSF portfolio, Kellie Grant stated last month that while it is best for firms to avoid entering into audit pooling arrangements in response to the restructured APES 110...

  11. Tax cuts set to flow ‘within a few days or weeks’

    to factor in the retrospective cuts. With the Morrison government’s stage 2 income tax cuts sailing through Parliament last week, the ATO now anticipates that it will be able to publish updated tax withholding schedules over the next few days. Despite...

  12. Businesses given a month to implement updated ATO tax tables

    its withholding schedules and tax tables to reflect the new personal income tax thresholds that were passed by Parliament last week. The changes will apply to payments made on and from 13 October this year, with employers now given until mid-November to...

  13. ‘Unnecessary and unfair’: Small business shut out from loss carry back

    and trusts. The temporary loss carry back measure, which was announced in the federal budget and passed through Parliament last week, currently only allows corporate tax entities with an aggregated turnover of less than $5 billion to carry back a tax...

  14. Top tips to ensure payroll compliance and clarity for employees 

    worked at that rate the amount of pay at that rate 9. if the employee is paid an annual rate (salary), the rate as at the last day in the pay period 10. any deductions from the employee’s pay, including: the amount and details of each deduction the...

    • Type: Article
    • Author: ADP Australia and New Zealand
    • Category: Regulation
  15. ‘Inexplicable and unacceptable’: Melbourne accounting firms face reopening delays

    health services being accessed under Medicare for the same four-week period up to 11 October in Victoria compared with last year, while it has been only an 8 per cent increase in NSW and 7 per cent nationally.” Business Council of Australia chief...

  16. Carbon quadruples Queensland presence with latest deal

    will see all 33 members of its team joining Carbon. The deal comes after Carbon first moved into the Queensland market late last year with a merger with Thrive Advisors in Darra, Brisbane. Charter Partners managing principal Anthony McPhee said the...

  17. Gaps identified in ATO auditor independence guidance

    an SMSF services firm has identified an omission in the ATO’s response relating to a common structure used in the industry. Last week, the ATO released further guidance on the APESB Independence Guide, providing further detail on what firms need to do...

  18. MYOB to acquire GreatSoft; competition watchdog kicks off review

    to be seen how the acquisition will affect other providers in the market, with GreatSoft reaching an agreement with Xero last year, and both companies securing mid-tier firm RSM shortly after. MYOB has had to contend with ACCC scrutiny before, with...

  19. Mazars unveils global rebrand

    9 per cent organic growth. Mazars Australia, which doubled its local presence through mergers in Brisbane and Melbourne last year, had announced a 100 per cent growth in revenue in 2019. Jim Mascitelli, managing partner of Mazars in Sydney, said he was...

  20. TPB terminates 4th tax agent for SAN misuse

    other tax agents who look to deliberately misreport a SAN. “In addition to those agents we referred to the TPB, since 1 July last year, we’ve also referred a few to our prosecutions area and that’s where the SAN misuse was considered quite serious...